Clean Harbors (NYSE:CLH) Price Target Raised to $376.00

Clean Harbors (NYSE:CLH) had its price objective boosted by Citigroup from $349.00 to $376.00 in a research note issued to investors on Thursday morning,Benzinga reports. Citigroup currently has a buy rating on the business services provider’s stock.

A number of other analysts have also recently commented on the stock. Wall Street Zen cut shares of Clean Harbors from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. UBS Group lifted their price objective on shares of Clean Harbors from $300.00 to $315.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Oppenheimer reissued an “outperform” rating and set a $350.00 target price on shares of Clean Harbors in a report on Thursday. Needham & Company LLC raised their price target on Clean Harbors from $325.00 to $390.00 and gave the stock a “buy” rating in a report on Thursday. Finally, TD Cowen lifted their price target on Clean Harbors from $335.00 to $380.00 and gave the company a “buy” rating in a research report on Thursday. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $354.57.

Clean Harbors Stock Down 1.3%

CLH stock opened at $313.15 on Thursday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.99 and a current ratio of 2.13. The company has a market capitalization of $16.53 billion, a price-to-earnings ratio of 38.00, a PEG ratio of 2.25 and a beta of 0.86. Clean Harbors has a fifty-two week low of $201.34 and a fifty-two week high of $335.94. The stock has a fifty day moving average of $295.64 and a 200-day moving average of $288.70.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings data on Wednesday, July 29th. The business services provider reported $3.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.81 by $0.41. The business had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Clean Harbors had a return on equity of 15.65% and a net margin of 7.03%.The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the business posted $2.36 EPS. As a group, equities research analysts predict that Clean Harbors will post 9.51 earnings per share for the current year.

Insider Activity

In related news, Director Lauren States sold 789 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $286.19, for a total value of $225,803.91. Following the sale, the director owned 11,359 shares in the company, valued at approximately $3,250,832.21. This trade represents a 6.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 5.00% of the company’s stock.

Hedge Funds Weigh In On Clean Harbors

A number of institutional investors have recently added to or reduced their stakes in CLH. Regent Peak Wealth Advisors LLC purchased a new stake in shares of Clean Harbors in the 2nd quarter valued at about $203,000. Fulton Bank N.A. grew its holdings in shares of Clean Harbors by 8.3% during the second quarter. Fulton Bank N.A. now owns 3,509 shares of the business services provider’s stock worth $1,048,000 after purchasing an additional 270 shares in the last quarter. Revolve Wealth Partners LLC bought a new position in shares of Clean Harbors in the second quarter worth approximately $817,000. Gradient Investments LLC increased its position in shares of Clean Harbors by 5.0% in the second quarter. Gradient Investments LLC now owns 10,687 shares of the business services provider’s stock worth $3,193,000 after purchasing an additional 513 shares during the last quarter. Finally, Quantum Financial Advisors LLC purchased a new stake in Clean Harbors in the second quarter valued at approximately $205,000. 90.43% of the stock is currently owned by institutional investors.

Key Headlines Impacting Clean Harbors

Here are the key news stories impacting Clean Harbors this week:

• Positive Sentiment: Strong Q2 earnings beat: Clean Harbors reported earnings of $3.22 per share versus the $2.81 consensus estimate, while revenue reached $1.735 billion, ahead of the $1.64 billion forecast. Revenue increased 11.9% year over year, and earnings rose from $2.36 per share in the prior-year quarter. Clean Harbors Q2 Earnings Snapshot
• Positive Sentiment: Analysts raised targets: TD Cowen increased its target to $380, Citi to $376, Stifel to $364, Truist to $365 and Wells Fargo to $349. Citi, Stifel, TD Cowen and Truist maintained or assigned “buy” ratings, signaling confidence that the company’s growth can continue. Clean Harbors Analysts Boost Their Forecasts
• Positive Sentiment: Growth outlook remains attractive: Zacks highlighted Clean Harbors’ above-average financial growth and long-term market-outperformance potential. The company also reached a new one-year high following the earnings release, reflecting strong investor momentum. 3 Reasons Why Growth Investors Shouldn’t Overlook Clean Harbors
• Neutral Sentiment: Mixed analyst stance: Wells Fargo raised its price target substantially but retained an “equal weight” rating. The broader analyst consensus is “moderate buy,” suggesting optimism but not universal conviction.
• Negative Sentiment: Valuation and profit-taking risks: With the stock near its 52-week high and trading at roughly 38 times earnings, some investors may be taking profits or questioning whether further gains are already priced in. GuruFocus also characterized the shares as overvalued despite a strong overall score. Clean Harbors Valuation Analysis

Clean Harbors Company Profile

Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.

Founded in 1980 by Alan S.