Zacks Investment Research upgraded shares of Harsco Corporation (NYSE:HSC) from a hold rating to a buy rating in a report released on Friday morning. Zacks Investment Research currently has $21.00 target price on the industrial products company’s stock.

According to Zacks, “Harsco Corporation is a services and engineered products company. The principal lines of business are: mill services that are provided to steel and non-ferrous metal producers; gas control and containment products; scaffolding services; railway maintenance of way services and equipment; and several other lines of business including, process equipment, industrial grating and bridge decking, industrial pipe fittings, slag abrasives and roofing granules. “

Several other equities research analysts have also issued reports on the company. BidaskClub lowered Harsco Corporation from a strong-buy rating to a buy rating in a report on Wednesday, July 19th. Argus upgraded Harsco Corporation from a hold rating to a buy rating and set a $21.00 price target for the company in a report on Friday, September 15th. Jefferies Group LLC restated a buy rating and issued a $19.00 target price (up from $18.00) on shares of Harsco Corporation in a report on Wednesday, August 9th. Finally, Lake Street Capital restated a buy rating on shares of Harsco Corporation in a report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $20.00.

Shares of Harsco Corporation (HSC) opened at $17.65 on Friday. Harsco Corporation has a 1 year low of $11.40 and a 1 year high of $22.00. The company has a market capitalization of $1,419.84, a PE ratio of 25.58 and a beta of 3.18. The company has a debt-to-equity ratio of 2.87, a quick ratio of 0.83 and a current ratio of 1.30.

Harsco Corporation (NYSE:HSC) last announced its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $0.20 EPS for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.04. Harsco Corporation had a return on equity of 32.46% and a net margin of 1.69%. The firm had revenue of $384.65 million during the quarter, compared to analyst estimates of $398.85 million. During the same period last year, the company posted $0.14 EPS. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. equities analysts predict that Harsco Corporation will post 0.68 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Harsco Corporation (HSC) Upgraded at Zacks Investment Research” was reported by Watch List News and is the sole property of of Watch List News. If you are reading this article on another site, it was illegally stolen and republished in violation of international copyright & trademark law. The correct version of this article can be accessed at https://www.watchlistnews.com/harsco-corporation-hsc-upgraded-at-zacks-investment-research/1699913.html.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. increased its position in Harsco Corporation by 3.8% in the 2nd quarter. BlackRock Inc. now owns 10,049,658 shares of the industrial products company’s stock worth $161,800,000 after buying an additional 364,354 shares during the period. Vanguard Group Inc. increased its position in Harsco Corporation by 9.1% in the 2nd quarter. Vanguard Group Inc. now owns 7,831,203 shares of the industrial products company’s stock worth $126,082,000 after buying an additional 650,173 shares during the period. Dimensional Fund Advisors LP increased its position in Harsco Corporation by 0.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,182,338 shares of the industrial products company’s stock worth $35,136,000 after buying an additional 14,862 shares during the period. Rothschild Asset Management Inc. increased its position in Harsco Corporation by 6.6% in the 3rd quarter. Rothschild Asset Management Inc. now owns 2,131,684 shares of the industrial products company’s stock worth $44,552,000 after buying an additional 132,034 shares during the period. Finally, State Street Corp increased its position in Harsco Corporation by 4.1% in the 2nd quarter. State Street Corp now owns 1,999,994 shares of the industrial products company’s stock worth $32,197,000 after buying an additional 78,104 shares during the period. 78.51% of the stock is currently owned by institutional investors.

About Harsco Corporation

Harsco Corporation is a provider of industrial services and engineered products. The Company operates in three segments: Harsco Metals & Minerals, Harsco Industrial and Harsco Rail. The Harsco Metals & Minerals segment provides outsourced on-site services to the global metals industry, with the operations focused in the United States, the United Kingdom, France and Brazil.

Get a free copy of the Zacks research report on Harsco Corporation (HSC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Harsco Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Harsco Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.