Harsco Corp. (HSC) PT Raised to $16.00 at KeyCorp
Harsco Corp. (NYSE:HSC) had its price target lifted by investment analysts at KeyCorp from $12.00 to $16.00 in a report issued on Tuesday. The firm presently has an “overweight” rating on the stock. KeyCorp’s price objective would indicate a potential upside of 16.79% from the stock’s current price.
Other equities research analysts have also issued reports about the company. Jefferies Group reiterated a “buy” rating on shares of Harsco Corp. in a research note on Monday, August 1st. 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 for the company. Zacks Investment Research lowered Harsco Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, September 13th. Finally, TheStreet upgraded Harsco Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, November 17th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $14.50.
Shares of Harsco Corp. (NYSE:HSC) traded up 3.79% during midday trading on Tuesday, hitting $13.70. The stock had a trading volume of 981,662 shares. The firm’s market cap is $1.10 billion. Harsco Corp. has a 52-week low of $3.55 and a 52-week high of $14.10. The firm’s 50 day moving average price is $10.85 and its 200 day moving average price is $9.15.
Harsco Corp. (NYSE:HSC) last announced its quarterly earnings results on Thursday, November 3rd. The company reported $0.14 earnings per share for the quarter, beating the Thomson Reuters’ 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 analyst estimates of $367.85 million. During the same quarter in the previous year, the business earned $0.18 EPS. Harsco Corp.’s revenue for the quarter was down 14.0% compared to the same quarter last year. On average, equities research analysts expect that Harsco Corp. will post $0.41 earnings per share for the current year.
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Large investors have recently bought and sold shares of the stock. Strs Ohio raised its stake in Harsco Corp. by 19.8% in the second quarter. Strs Ohio now owns 107,000 shares of the company’s stock worth $710,000 after buying an additional 17,700 shares during the period. Prudential Financial Inc. raised its stake in Harsco Corp. by 27.1% in the second quarter. Prudential Financial Inc. now owns 538,452 shares of the company’s stock worth $3,575,000 after buying an additional 114,900 shares during the period. Public Employees Retirement System of Ohio raised its stake in Harsco Corp. by 19.9% in the second quarter. Public Employees Retirement System of Ohio now owns 27,955 shares of the company’s stock worth $186,000 after buying an additional 4,645 shares during the period. Emerald Acquisition Ltd. bought a new stake in Harsco Corp. during the second quarter worth about $501,000. Finally, SECOR Capital Advisors LP bought a new stake in Harsco Corp. during the second quarter worth about $288,000. Institutional investors and hedge funds own 81.67% 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.
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