Stericycle (NASDAQ:SRCL – Get Free Report) had its price objective boosted by Truist Financial from $50.00 to $57.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has a “hold” rating on the business services provider’s stock. Truist Financial’s target price indicates a potential upside of 6.01% from the company’s previous close.
Other equities analysts have also issued reports about the company. Wells Fargo & Company initiated coverage on Stericycle in a report on Friday, December 8th. They issued an “underweight” rating and a $40.00 target price for the company. Royal Bank of Canada reduced their target price on Stericycle from $62.00 to $58.00 and set an “outperform” rating on the stock in a research note on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $62.25.
Check Out Our Latest Stock Analysis on Stericycle
Stericycle Trading Down 1.1 %
Shares of SRCL stock opened at $53.77 on Thursday. The firm has a market capitalization of $4.97 billion, a P/E ratio of -1,075.40, a P/E/G ratio of 3.17 and a beta of 1.08. Stericycle has a twelve month low of $37.78 and a twelve month high of $57.06. The company has a quick ratio of 0.90, a current ratio of 0.94 and a debt-to-equity ratio of 0.51. The stock’s fifty day simple moving average is $49.31 and its 200 day simple moving average is $46.20.
Stericycle (NASDAQ:SRCL – Get Free Report) last announced its quarterly earnings data on Wednesday, February 28th. The business services provider reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.07. The company had revenue of $652.00 million for the quarter, compared to the consensus estimate of $657.99 million. Stericycle had a positive return on equity of 7.06% and a negative net margin of 0.80%. The firm’s revenue was down 2.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.60 EPS. As a group, sell-side analysts predict that Stericycle will post 2.2 EPS for the current fiscal year.
Institutional Investors Weigh In On Stericycle
Large investors have recently added to or reduced their stakes in the stock. Quarry LP purchased a new stake in shares of Stericycle in the 1st quarter worth $30,000. Ancora Advisors LLC bought a new position in shares of Stericycle during the 1st quarter valued at about $34,000. International Assets Investment Management LLC bought a new position in shares of Stericycle in the 3rd quarter valued at about $36,000. First Capital Advisors Group LLC. bought a new position in shares of Stericycle in the 2nd quarter valued at about $36,000. Finally, Point72 Middle East FZE bought a new position in shares of Stericycle in the 4th quarter valued at about $39,000. Institutional investors own 98.82% of the company’s stock.
About Stericycle
Stericycle, Inc, together with its subsidiaries, provides regulated and compliance solutions 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, controlled substance waste disposal, healthcare hazardous waste, and COVID 19 waste disposal; specialty services, such as MedDrop medication collection kiosks, safe community solutions, sharps mailback solutions, and maritime waste services; medical supply store services; pharmaceutical waste services; hazardous waste disposal; compliance programs under the Steri-Safe, Clinical Services, First Practice Management, SeguriMed, and EnviroAssure brand names.
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Source: americanbankingnews.com
