Harsco Corp. (HSC) Given New $12.00 Price Target at Jefferies Group
HSC has been the topic of a number of other research reports. Lake Street Capital initiated coverage on Harsco Corp. in a research note on Tuesday, September 13th. They issued a buy rating and a $17.00 price objective on the stock. Zacks Investment Research downgraded Harsco Corp. from a buy rating to a hold rating in a research note on Tuesday, September 13th.
Shares of Harsco Corp. (NYSE:HSC) traded up 0.79% during mid-day trading on Monday, reaching $10.22. The company had a trading volume of 110,531 shares. Harsco Corp. has a 1-year low of $3.55 and a 1-year high of $12.54. The stock’s market capitalization is $819.38 million. The firm has a 50-day moving average price of $9.77 and a 200-day moving average price of $7.87.
Harsco Corp. (NYSE:HSC) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.05. Harsco Corp. had a positive return on equity of 12.38% and a negative net margin of 3.42%. The business had revenue of $370 million for the quarter, compared to the consensus estimate of $377.30 million. During the same quarter in the previous year, the company posted $0.08 EPS. The company’s revenue was down 18.9% compared to the same quarter last year. Equities analysts expect that Harsco Corp. will post $0.39 earnings per share for the current year.
A number of institutional investors have recently made changes to their positions in the stock. A.R.T. Advisors LLC purchased a new stake in shares of Harsco Corp. during the first quarter valued at $1,811,000. Springbok Capital Management LLC boosted its stake in shares of Harsco Corp. by 61.8% in the first quarter. Springbok Capital Management LLC now owns 35,100 shares of the company’s stock valued at $191,000 after buying an additional 13,400 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Harsco Corp. during the first quarter valued at $3,422,000. Kennedy Capital Management Inc. boosted its stake in shares of Harsco Corp. by 79.0% in the first quarter. Kennedy Capital Management Inc. now owns 868,055 shares of the company’s stock valued at $4,731,000 after buying an additional 383,110 shares in the last quarter. Finally, Bogle Investment Management L P DE purchased a new stake in shares of Harsco Corp. during the first quarter valued at $3,329,000. 80.64% of the stock is currently owned by institutional investors.
Harsco Corp. Company Profile
Harsco Corporation is a provider of industrial services and engineered products serving global industries. The Company operates in three segments: Harsco Metals & Minerals, Harsco Industrial and Harsco Rail. Its Harsco Metals & Minerals segment is a provider of on-site, outsourced services to the metals industries across the world.
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