StockNews.com assumed coverage on shares of Stericycle (NASDAQ:SRCL - Get Free Report) in a report issued on Monday. The brokerage set a "hold" rating on the business services provider's stock.
Several other brokerages have also issued reports on SRCL. Truist Financial increased their target price on shares of Stericycle from $50.00 to $62.00 and gave the stock a "hold" rating in a research note on Tuesday, June 4th. Royal Bank of Canada restated a "sector perform" rating and issued a $62.00 target price (down from $69.00) on shares of Stericycle in a research note on Tuesday, June 4th. Finally, Keefe, Bruyette & Woods upped their price target on Stericycle from $135.00 to $142.00 and gave the stock an "outperform" rating in a research note on Tuesday, June 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, Stericycle has an average rating of "Hold" and an average target price of $74.00.
Get Our Latest Stock Analysis on SRCL
Stericycle Trading Up 0.0 %
Shares of NASDAQ:SRCL traded up $0.02 during midday trading on Monday, reaching $61.62. The company's stock had a trading volume of 2,430,037 shares, compared to its average volume of 1,078,267. Stericycle has a fifty-two week low of $37.78 and a fifty-two week high of $61.71. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a 50 day moving average price of $58.72 and a two-hundred day moving average price of $54.29. The firm has a market capitalization of $5.72 billion, a price-to-earnings ratio of -280.09, a PEG ratio of 3.36 and a beta of 1.11.
Stericycle (NASDAQ:SRCL - Get Free Report) last issued its earnings results on Thursday, July 25th. The business services provider reported $0.61 earnings per share for the quarter, topping analysts' consensus estimates of $0.57 by $0.04. The business had revenue of $661.60 million during the quarter, compared to the consensus estimate of $672.07 million. Stericycle had a return on equity of 7.94% and a net margin of 1.37%. As a group, analysts forecast that Stericycle will post 2.29 earnings per share for the current year.
Institutional Investors Weigh In On Stericycle
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Retirement Systems of Alabama boosted its stake in Stericycle by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 116,185 shares of the business services provider's stock valued at $6,129,000 after purchasing an additional 305 shares during the last quarter. Treasurer of the State of North Carolina grew its holdings in Stericycle by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 40,838 shares of the business services provider's stock worth $2,024,000 after buying an additional 400 shares in the last quarter. Mirova raised its position in Stericycle by 0.9% in the 1st quarter. Mirova now owns 47,345 shares of the business services provider's stock valued at $2,497,000 after buying an additional 428 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Stericycle by 6.4% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 7,447 shares of the business services provider's stock valued at $433,000 after acquiring an additional 449 shares in the last quarter. Finally, Private Advisor Group LLC boosted its holdings in Stericycle by 8.6% during the 4th quarter. Private Advisor Group LLC now owns 5,788 shares of the business services provider's stock worth $287,000 after acquiring an additional 459 shares during the last quarter. 98.82% of the stock is owned by institutional investors.
About Stericycle
(
Get Free Report)
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.
Featured Articles
Before you consider Stericycle, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Stericycle wasn't on the list.
While Stericycle currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
