Harsco Co. (HSC) Given Consensus Rating of “Buy” by Brokerages
Shares of Harsco Co. (NYSE:HSC) have been assigned an average rating of “Buy” from the six brokerages that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $32.50.
Several equities analysts have commented on HSC shares. Zacks Investment Research upgraded shares of Harsco from a “sell” rating to a “hold” rating in a research note on Tuesday, March 5th. ValuEngine upgraded shares of Harsco from a “sell” rating to a “hold” rating in a research note on Thursday, April 4th. Finally, Singular Research reiterated a “buy” rating on shares of Harsco in a research note on Thursday, March 7th.
Several hedge funds have recently modified their holdings of HSC. Vanguard Group Inc. lifted its position in Harsco by 2.9% in the third quarter. Vanguard Group Inc. now owns 10,841,968 shares of the industrial products company’s stock valued at $309,539,000 after acquiring an additional 303,108 shares during the last quarter. Vanguard Group Inc raised its holdings in shares of Harsco by 2.9% in the third quarter. Vanguard Group Inc now owns 10,841,968 shares of the industrial products company’s stock valued at $309,539,000 after buying an additional 303,108 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Harsco by 2.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,329,047 shares of the industrial products company’s stock valued at $46,256,000 after buying an additional 58,735 shares during the last quarter. SG Capital Management LLC raised its holdings in shares of Harsco by 19.8% in the fourth quarter. SG Capital Management LLC now owns 1,541,239 shares of the industrial products company’s stock valued at $30,609,000 after buying an additional 255,037 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Harsco in the fourth quarter valued at about $29,637,000. Hedge funds and other institutional investors own 84.85% of the company’s stock.
Harsco (NYSE:HSC) last posted its quarterly earnings results on Thursday, February 21st. The industrial products company reported $0.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.04. The business had revenue of $437.90 million during the quarter, compared to the consensus estimate of $437.23 million. Harsco had a net margin of 7.96% and a return on equity of 38.66%. The company’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.20 earnings per share. On average, analysts expect that Harsco will post 1.4 EPS for the current year.
Harsco Company Profile
Harsco Corporation provides industrial services and engineered products worldwide. The company operates in three segments: Harsco Metals & Minerals, Harsco Industrial, and Harsco Rail. The Harsco Metals & Minerals segment provides on-site services of material logistics, product quality improvement, and resource recovery for iron, steel, and metals manufacturing; and value added environmental solutions for industrial co-products, as well as produces industrial abrasives and roofing granules.
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