Stericycle, Inc. (SRCL) Price Target Lowered to $62.00 at BMO Capital Markets
Stericycle, Inc. (NASDAQ:SRCL) had its price objective reduced by BMO Capital Markets from $74.00 to $62.00 in a report released on Friday morning. They currently have a market perform rating on the business services provider’s stock.
Several other analysts have also recently commented on SRCL. Jefferies Group LLC restated a buy rating and set a $108.00 price objective on shares of Stericycle in a research note on Thursday, July 13th. BidaskClub upgraded shares of Stericycle from a strong sell rating to a sell rating in a research note on Monday, July 24th. Zacks Investment Research cut shares of Stericycle from a buy rating to a hold rating in a research note on Monday, August 7th. Barclays PLC reiterated an overweight rating and issued a $100.00 target price on shares of Stericycle in a research note on Wednesday, August 9th. Finally, William Blair reiterated an ourperform rating on shares of Stericycle in a research note on Thursday, September 14th. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $77.17.
Shares of Stericycle (NASDAQ SRCL) traded down $0.04 during midday trading on Friday, reaching $64.02. 1,738,000 shares of the company’s stock traded hands, compared to its average volume of 880,936. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.87 and a current ratio of 0.82. Stericycle has a twelve month low of $61.62 and a twelve month high of $88.00. The firm has a market cap of $5,465.58, a PE ratio of 14.75, a price-to-earnings-growth ratio of 1.75 and a beta of 0.19.
Stericycle (NASDAQ:SRCL) last announced its quarterly earnings data on Wednesday, November 8th. The business services provider reported $1.10 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.04). Stericycle had a negative net margin of 0.79% and a positive return on equity of 13.93%. The business had revenue of $883.00 million for the quarter, compared to analyst estimates of $896.81 million. During the same quarter in the previous year, the firm posted $1.24 earnings per share. The business’s revenue was down .8% on a year-over-year basis. sell-side analysts forecast that Stericycle will post 4.49 earnings per share for the current fiscal year.
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In related news, Director Mark C. Miller sold 19,753 shares of the business’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $70.52, for a total value of $1,392,981.56. Following the completion of the sale, the director now owns 205,576 shares of the company’s stock, valued at approximately $14,497,219.52. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.30% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in Stericycle by 3.0% in the 2nd quarter. Vanguard Group Inc. now owns 8,334,537 shares of the business services provider’s stock worth $636,092,000 after acquiring an additional 240,327 shares in the last quarter. BlackRock Inc. increased its holdings in Stericycle by 6.4% in the 2nd quarter. BlackRock Inc. now owns 5,413,244 shares of the business services provider’s stock worth $413,139,000 after acquiring an additional 323,664 shares in the last quarter. Schroder Investment Management Group increased its holdings in Stericycle by 89.3% in the 3rd quarter. Schroder Investment Management Group now owns 1,973,743 shares of the business services provider’s stock worth $141,556,000 after acquiring an additional 931,300 shares in the last quarter. Wells Fargo & Company MN increased its holdings in Stericycle by 7.1% in the 3rd quarter. Wells Fargo & Company MN now owns 1,898,959 shares of the business services provider’s stock worth $136,003,000 after acquiring an additional 126,005 shares in the last quarter. Finally, Jennison Associates LLC increased its holdings in Stericycle by 0.4% in the 3rd quarter. Jennison Associates LLC now owns 1,494,643 shares of the business services provider’s stock worth $107,046,000 after acquiring an additional 5,522 shares in the last quarter. 94.13% of the stock is owned by institutional investors.
Stericycle Company Profile
Stericycle, Inc is a business-to-business services provider. The Company focuses on regulated and compliance solutions for healthcare, retail, and commercial businesses. The Company’s segments include Domestic and Canada Regulated Waste and Compliance Services (RCS), Domestic Communication and Related Services (CRS), International RCS and All other.
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