Harsco Corp. (NYSE:HSC) was upgraded by TheStreet from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday.

A number of other research analysts have also recently commented on the company. Zacks Investment Research cut Harsco Corp. from a “buy” rating to a “hold” rating in a research note on Monday, November 7th. Jefferies Group restated a “buy” rating on shares of Harsco Corp. in a research note on Monday, August 1st. Finally, Lake Street Capital initiated coverage on Harsco Corp. in a research note on Tuesday, September 13th. They set a “buy” rating and a $17.00 price objective on the stock.

Harsco Corp. (NYSE:HSC) opened at 12.30 on Thursday. Harsco Corp. has a 12-month low of $3.55 and a 12-month high of $12.50. The stock’s market cap is $986.14 million. The stock has a 50 day moving average price of $9.98 and a 200-day moving average price of $8.69.

Harsco Corp. (NYSE:HSC) last posted its quarterly earnings results on Thursday, November 3rd. The company reported $0.14 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.01. Harsco Corp. had a positive return on equity of 11.33% and a negative net margin of 5.21%. The firm earned $368 million during the quarter, compared to the consensus estimate of $367.85 million. During the same quarter in the previous year, the business earned $0.18 earnings per share. The firm’s quarterly revenue was down 14.0% compared to the same quarter last year. On average, equities analysts expect that Harsco Corp. will post $0.41 earnings per share for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HSC. Victory Capital Management Inc. boosted its position in Harsco Corp. by 119.8% in the second quarter. Victory Capital Management Inc. now owns 2,191,705 shares of the company’s stock valued at $14,552,000 after buying an additional 1,194,369 shares during the period. Thomson Horstmann & Bryant Inc. boosted its position in Harsco Corp. by 2,496.3% in the second quarter. Thomson Horstmann & Bryant Inc. now owns 1,131,730 shares of the company’s stock valued at $7,514,000 after buying an additional 1,088,140 shares during the period. Penn Capital Management Co. Inc. boosted its position in Harsco Corp. by 230.3% in the third quarter. Penn Capital Management Co. Inc. now owns 1,414,313 shares of the company’s stock valued at $14,049,000 after buying an additional 986,146 shares during the period. New York State Common Retirement Fund boosted its position in Harsco Corp. by 876.3% in the third quarter. New York State Common Retirement Fund now owns 748,785 shares of the company’s stock valued at $7,435,000 after buying an additional 672,085 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in Harsco Corp. by 13,955,200.0% in the first quarter. JPMorgan Chase & Co. now owns 558,212 shares of the company’s stock valued at $3,042,000 after buying an additional 558,208 shares during the period. Institutional investors and hedge funds own 79.71% of the company’s stock.

About Harsco Corp.

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.

5 Day Chart for NYSE:HSC

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