Clean Harbors (NYSE:CLH)‘s stock had its “buy” rating reissued by Stifel Nicolaus in a research note issued on Tuesday, Marketbeat.com reports. They presently have a $80.00 target price on the business services provider’s stock, up from their prior target price of $70.00. Stifel Nicolaus’ price objective indicates a potential upside of 13.25% from the company’s current price.

A number of other equities analysts also recently commented on CLH. BMO Capital Markets reissued a “buy” rating and set a $65.00 price objective on shares of Clean Harbors in a research report on Thursday, July 12th. ValuEngine raised Clean Harbors from a “hold” rating to a “buy” rating in a research report on Thursday, August 2nd. Needham & Company LLC boosted their price objective on Clean Harbors from $63.00 to $74.00 and gave the stock a “buy” rating in a research report on Thursday, August 2nd. Robert W. Baird reissued a “buy” rating and set a $69.00 price objective on shares of Clean Harbors in a research report on Thursday, August 2nd. Finally, TheStreet raised Clean Harbors from a “c+” rating to a “b” rating in a research report on Thursday, August 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $64.50.

Shares of Clean Harbors stock opened at $70.64 on Tuesday. Clean Harbors has a one year low of $44.74 and a one year high of $72.50. The stock has a market cap of $4.04 billion, a PE ratio of 112.42 and a beta of 1.07. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.09 and a quick ratio of 1.73.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings data on Wednesday, August 1st. The business services provider reported $0.54 EPS for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.19. Clean Harbors had a return on equity of 3.17% and a net margin of 3.69%. The business had revenue of $849.14 million during the quarter, compared to the consensus estimate of $838.85 million. During the same period in the previous year, the company posted $0.24 earnings per share. The business’s revenue for the quarter was up 12.8% on a year-over-year basis. sell-side analysts predict that Clean Harbors will post 1 earnings per share for the current year.

In related news, CFO Michael Louis Battles sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $69.46, for a total transaction of $416,760.00. Following the completion of the sale, the chief financial officer now owns 55,899 shares in the company, valued at $3,882,744.54. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Brian P. Weber sold 1,304 shares of the business’s stock in a transaction that occurred on Monday, September 24th. The stock was sold at an average price of $69.83, for a total value of $91,058.32. Following the sale, the executive vice president now owns 63,573 shares of the company’s stock, valued at approximately $4,439,302.59. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,817 shares of company stock valued at $1,392,201. 8.70% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the stock. First Allied Advisory Services Inc. lifted its stake in Clean Harbors by 19.0% in the second quarter. First Allied Advisory Services Inc. now owns 6,835 shares of the business services provider’s stock valued at $383,000 after buying an additional 1,092 shares during the last quarter. California Public Employees Retirement System lifted its stake in Clean Harbors by 0.9% in the first quarter. California Public Employees Retirement System now owns 132,050 shares of the business services provider’s stock valued at $6,445,000 after buying an additional 1,223 shares during the last quarter. Federated Investors Inc. PA lifted its stake in Clean Harbors by 5.9% in the first quarter. Federated Investors Inc. PA now owns 22,234 shares of the business services provider’s stock valued at $1,085,000 after buying an additional 1,243 shares during the last quarter. OppenheimerFunds Inc. lifted its stake in Clean Harbors by 8.0% in the first quarter. OppenheimerFunds Inc. now owns 17,095 shares of the business services provider’s stock valued at $834,000 after buying an additional 1,263 shares during the last quarter. Finally, First Bank & Trust lifted its stake in Clean Harbors by 16.3% in the second quarter. First Bank & Trust now owns 9,867 shares of the business services provider’s stock valued at $548,000 after buying an additional 1,386 shares during the last quarter. Hedge funds and other institutional investors own 94.15% of the company’s stock.

Clean Harbors Company Profile

Clean Harbors, Inc provides environmental, energy, and industrial services in North America. It operates through Technical Services; Industrial and Field Services; Safety-Kleen; and Oil, Gas and Lodging Services segments. The company's Technical Services segment provides a range of hazardous material management services, including the packaging, collection, transportation, treatment, and disposal of hazardous and non-hazardous waste at its incinerator, landfill, wastewater, and other treatment facilities.

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Analyst Recommendations for Clean Harbors (NYSE:CLH)

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