Stericycle (NASDAQ:SRCL) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Stericycle (NASDAQ:SRCL - Get Free Report) in a report issued on Saturday. The brokerage set a "hold" rating on the business services provider's stock.

A number of other equities research analysts have also commented on SRCL. Robert W. Baird dropped their target price on Stericycle from $62.00 to $55.00 and set a "neutral" rating on the stock in a research report on Friday, April 26th. Keefe, Bruyette & Woods lifted their price objective on Stericycle from $135.00 to $142.00 and gave the company an "outperform" rating in a research note on Tuesday, June 4th. Truist Financial boosted their price target on Stericycle from $50.00 to $62.00 and gave the company a "hold" rating in a report on Tuesday, June 4th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $62.00 price objective (down previously from $69.00) on shares of Stericycle in a report on Tuesday, June 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $74.00.

Stericycle Trading Up 0.2 %

Shares of Stericycle stock traded up $0.12 on Friday, hitting $58.86. 765,065 shares of the company traded hands, compared to its average volume of 997,548. The stock's 50 day moving average price is $58.39 and its 200-day moving average price is $53.42. The company has a market cap of $5.46 billion, a PE ratio of -267.55, a PEG ratio of 3.21 and a beta of 1.11. Stericycle has a 52 week low of $37.78 and a 52 week high of $59.45. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.55.

Stericycle (NASDAQ:SRCL - Get Free Report) last announced its earnings results on Thursday, July 25th. The business services provider reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.04. Stericycle had a return on equity of 7.94% and a net margin of 1.37%. The business had revenue of $661.60 million for the quarter, compared to analysts' expectations of $672.07 million. Equities research analysts predict that Stericycle will post 2.29 EPS for the current year.

Institutional Trading of Stericycle

Institutional investors have recently bought and sold shares of the company. Capital Research Global Investors grew its stake in Stericycle by 13.4% in the 4th quarter. Capital Research Global Investors now owns 5,987,937 shares of the business services provider's stock worth $296,762,000 after acquiring an additional 705,586 shares during the period. First Eagle Investment Management LLC grew its holdings in shares of Stericycle by 5.2% during the 1st quarter. First Eagle Investment Management LLC now owns 242,975 shares of the business services provider's stock worth $12,817,000 after purchasing an additional 12,000 shares during the period. Robeco Institutional Asset Management B.V. acquired a new position in Stericycle during the fourth quarter valued at approximately $156,000. Illinois Municipal Retirement Fund purchased a new stake in Stericycle during the first quarter worth approximately $756,000. Finally, Sei Investments Co. increased its position in shares of Stericycle by 5.9% in the first quarter. Sei Investments Co. now owns 1,124,481 shares of the business services provider's stock worth $59,316,000 after acquiring an additional 63,112 shares in the last quarter. 98.82% of the stock is currently owned by hedge funds and other institutional investors.

Stericycle Company Profile

Stericycle, Inc, together with its subsidiaries, provides regulated waste and compliance services in the United States, Europe, and internationally. The company offers regulated waste and compliance services, including regulated medical waste, sharps waste management and disposal, pharmaceutical waste management and disposal, chemotherapy waste and disposal, controlled substance waste disposal, healthcare hazardous waste, and integrated waste stream solutions; specialty services, such as MedDrop medication collection kiosks, safe community solutions, SafeDrop sharps mailback solutions, and airport and maritime waste services; medical supply store services, that includes sharps and disposable biohazardous waste containers, infection control supplies, and seal&send medication mail back; and compliance solutions including Steri-Safe compliance solutions.