StockNews.com Begins Coverage on Stericycle (NASDAQ:SRCL)

StockNews.com started coverage on shares of Stericycle (NASDAQ:SRCL - Free Report) in a research note published on Tuesday. The brokerage issued a hold rating on the business services provider's stock.

SRCL has been the subject of a number of other reports. Truist Financial boosted their price objective on shares of Stericycle from $50.00 to $62.00 and gave the stock a hold rating in a report on Tuesday, June 4th. 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 research note on Tuesday, June 4th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Stericycle from $135.00 to $142.00 and gave the company an outperform rating in a research note on Tuesday, June 4th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Stericycle currently has an average rating of Hold and a consensus price target of $74.00.

Stericycle Price Performance

NASDAQ SRCL remained flat at $61.68 during trading hours on Tuesday. The company's stock had a trading volume of 841,276 shares, compared to its average volume of 1,100,855. 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 $59.06 and a 200 day moving average price of $54.62. Stericycle has a twelve month low of $37.78 and a twelve month high of $61.77. The firm has a market cap of $5.73 billion, a P/E ratio of -280.36, a price-to-earnings-growth ratio of 3.37 and a beta of 1.11.

Stericycle (NASDAQ:SRCL - Get Free Report) last announced its quarterly earnings data on Thursday, July 25th. The business services provider reported $0.61 EPS for the quarter, beating the consensus estimate of $0.57 by $0.04. The firm had revenue of $661.60 million for the quarter, compared to analyst estimates of $672.07 million. Stericycle had a return on equity of 7.94% and a net margin of 1.37%. On average, sell-side analysts forecast that Stericycle will post 2.29 EPS for the current fiscal year.

Hedge Funds Weigh In On Stericycle

Hedge funds have recently modified their holdings of the company. Sanctuary Advisors LLC bought a new stake in shares of Stericycle in the second quarter worth about $913,000. Quarry LP grew its position in shares of Stericycle by 121.3% in the 2nd quarter. Quarry LP now owns 1,476 shares of the business services provider's stock worth $86,000 after buying an additional 809 shares during the last quarter. Water Island Capital LLC purchased a new position in shares of Stericycle during the second quarter valued at approximately $17,550,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Stericycle by 74.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,569 shares of the business services provider's stock valued at $91,000 after acquiring an additional 672 shares in the last quarter. Finally, Creative Planning lifted its stake in Stericycle by 13.4% in the second quarter. Creative Planning now owns 5,710 shares of the business services provider's stock worth $332,000 after acquiring an additional 673 shares during the period. Hedge funds and other institutional investors own 98.82% of the company's stock.

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.