ValuEngine Downgrades Harsco Corporation (HSC) to Hold
Harsco Corporation (NYSE:HSC) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.
Several other equities research analysts have also commented on the stock. BidaskClub lowered shares of Harsco Corporation from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 19th. Argus upgraded shares of Harsco Corporation from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research note on Friday, September 15th. Jefferies Group LLC restated a “buy” rating and issued a $19.00 price target (up previously from $18.00) on shares of Harsco Corporation in a research note on Wednesday, August 9th. Zacks Investment Research lowered shares of Harsco Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Finally, Lake Street Capital restated a “buy” rating on shares of Harsco Corporation in a research note on Friday, August 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. Harsco Corporation currently has a consensus rating of “Buy” and an average price target of $20.00.
Shares of Harsco Corporation (NYSE HSC) opened at $16.25 on Tuesday. The firm has a market cap of $1,355.49, a PE ratio of 24.42 and a beta of 3.18. Harsco Corporation has a 12 month low of $11.40 and a 12 month high of $22.00. 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 results on Wednesday, November 8th. The industrial products company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.16 by $0.04. Harsco Corporation had a net margin of 1.69% and a return on equity of 32.46%. The company had revenue of $384.65 million for the quarter, compared to analyst estimates of $398.85 million. During the same quarter last year, the business earned $0.14 earnings per share. Harsco Corporation’s revenue was up 4.6% compared to the same quarter last year. analysts expect that Harsco Corporation will post 0.68 EPS for the current year.
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Several hedge funds and other institutional investors have recently bought and sold shares of HSC. Flinton Capital Management LLC increased its stake in shares of Harsco Corporation by 71.9% during the second quarter. Flinton Capital Management LLC now owns 6,496 shares of the industrial products company’s stock valued at $105,000 after acquiring an additional 2,716 shares during the period. Federated Investors Inc. PA increased its stake in shares of Harsco Corporation by 1.7% during the second quarter. Federated Investors Inc. PA now owns 7,678 shares of the industrial products company’s stock valued at $124,000 after acquiring an additional 132 shares during the period. Fox Run Management L.L.C. acquired a new position in shares of Harsco Corporation during the second quarter valued at approximately $167,000. Greenwood Capital Associates LLC acquired a new position in shares of Harsco Corporation during the second quarter valued at approximately $186,000. Finally, Amalgamated Bank increased its stake in shares of Harsco Corporation by 5.8% during the second quarter. Amalgamated Bank now owns 11,536 shares of the industrial products company’s stock valued at $186,000 after acquiring an additional 634 shares during the period. Institutional investors and hedge funds own 78.51% of the company’s stock.
Harsco Corporation Company Profile
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.
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