Heritage-Crystal Clean (HCCI) Upgraded to Buy by Zacks Investment Research
Zacks Investment Research upgraded shares of Heritage-Crystal Clean (NASDAQ:HCCI) from a hold rating to a buy rating in a report released on Friday. They currently have $25.00 price objective on the industrial products company’s stock.
According to Zacks, “HERITAGE-CRYSTAL CLEAN, LLC, headquartered in Elgin, Illinois, is a privately-held marketing and sales Company that concentrates on servicing the automotive repair, commercial and industrial marketplaces, primarily in the Midwest and Eastern States. “
Other equities research analysts have also issued research reports about the company. Roth Capital set a $24.00 price objective on Heritage-Crystal Clean and gave the stock a buy rating in a research report on Friday, October 20th. BidaskClub upgraded Heritage-Crystal Clean from a hold rating to a buy rating in a research report on Wednesday, December 20th. Stifel Nicolaus restated a buy rating and set a $23.00 price objective on shares of Heritage-Crystal Clean in a research report on Thursday, October 19th. Finally, Robert W. Baird boosted their price objective on Heritage-Crystal Clean from $20.00 to $22.00 and gave the stock a neutral rating in a research report on Friday, October 20th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $23.17.
Shares of Heritage-Crystal Clean (NASDAQ:HCCI) opened at $22.55 on Friday. The firm has a market capitalization of $511.36, a price-to-earnings ratio of 26.22, a P/E/G ratio of 1.65 and a beta of 1.96. Heritage-Crystal Clean has a 52-week low of $12.85 and a 52-week high of $22.65. The company has a current ratio of 2.51, a quick ratio of 2.02 and a debt-to-equity ratio of 0.13.
Heritage-Crystal Clean (NASDAQ:HCCI) last issued its quarterly earnings data on Wednesday, October 18th. The industrial products company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.03). The firm had revenue of $83.33 million for the quarter, compared to the consensus estimate of $85.32 million. Heritage-Crystal Clean had a return on equity of 6.76% and a net margin of 5.56%. analysts forecast that Heritage-Crystal Clean will post 0.63 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently made changes to their positions in the business. 361 Capital LLC acquired a new position in Heritage-Crystal Clean during the 3rd quarter worth about $2,321,000. Janus Henderson Group PLC acquired a new position in Heritage-Crystal Clean during the 2nd quarter worth about $1,193,000. Prudential Financial Inc. acquired a new position in Heritage-Crystal Clean during the 3rd quarter worth about $350,000. Van ECK Associates Corp acquired a new position in Heritage-Crystal Clean during the 3rd quarter worth about $357,000. Finally, American Century Companies Inc. acquired a new position in Heritage-Crystal Clean during the 3rd quarter worth about $515,000. 58.56% of the stock is currently owned by hedge funds and other institutional investors.
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About Heritage-Crystal Clean
Heritage-Crystal Clean, Inc provides full-service parts cleaning, containerized waste management, used oil collection, vacuum truck services and antifreeze recycling. The Company owns and operates a used oil re-refinery. The Company operates through two segments: Environmental Services and Oil Business.
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