Stericycle, Inc. (SRCL) Receives Average Rating of “Hold” from Analysts
Shares of Stericycle, Inc. (NASDAQ:SRCL) have been assigned a consensus rating of “Hold” from the sixteen analysts that are covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $80.83.
SRCL has been the topic of several analyst reports. Zacks Investment Research lowered shares of Stericycle from a “buy” rating to a “hold” rating in a research note on Monday, August 7th. BidaskClub lowered shares of Stericycle from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st. Jefferies Group LLC restated a “buy” rating and set a $108.00 price target on shares of Stericycle in a research note on Thursday, July 13th. Barclays PLC restated an “overweight” rating and set a $100.00 price target on shares of Stericycle in a research note on Wednesday, August 9th. Finally, BMO Capital Markets began coverage on shares of Stericycle in a report on Thursday, June 29th. They set a “market perform” rating and a $81.00 price objective for the company.
Hedge funds have recently modified their holdings of the stock. Kernodle & Katon Asset Management Group LLC bought a new stake in shares of Stericycle during the first quarter worth $100,000. Heritage Trust Co bought a new stake in shares of Stericycle during the first quarter worth $124,000. Pacer Advisors Inc. increased its stake in shares of Stericycle by 8.4% in the second quarter. Pacer Advisors Inc. now owns 1,880 shares of the business services provider’s stock worth $143,000 after buying an additional 145 shares during the period. Invictus RG bought a new stake in shares of Stericycle during the first quarter worth $145,000. Finally, Morgan Dempsey Capital Management LLC increased its stake in shares of Stericycle by 2.6% in the first quarter. Morgan Dempsey Capital Management LLC now owns 1,902 shares of the business services provider’s stock worth $158,000 after buying an additional 48 shares during the period. 94.56% of the stock is owned by hedge funds and other institutional investors.
Stericycle (NASDAQ SRCL) opened at 70.70 on Friday. The stock’s 50 day moving average is $75.61 and its 200-day moving average is $80.16. Stericycle has a 52 week low of $70.24 and a 52 week high of $88.00. The stock’s market capitalization is $6.03 billion.
Stericycle (NASDAQ:SRCL) last announced its quarterly earnings results on Thursday, August 3rd. The business services provider reported $1.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.02. Stericycle had a negative net margin of 0.07% and a positive return on equity of 14.35%. The company had revenue of $917.70 million for the quarter, compared to analyst estimates of $902.81 million. During the same quarter in the prior year, the business posted $1.18 EPS. Stericycle’s quarterly revenue was up 2.9% on a year-over-year basis. Equities research analysts forecast that Stericycle will post $4.60 EPS for the current year.
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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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