Harsco Corporation (HSC) Receives $17.00 Consensus Price Target from Analysts
Shares of Harsco Corporation (NYSE:HSC) have received an average recommendation of “Buy” from the six analysts that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $19.00.
A number of equities research analysts have recently weighed in on the company. Jefferies Group LLC reissued a “buy” rating and set a $19.00 target price (up previously from $18.00) on shares of Harsco Corporation in a report on Wednesday. Zacks Investment Research raised Harsco Corporation from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a report on Tuesday. Lake Street Capital reissued a “buy” rating on shares of Harsco Corporation in a report on Friday, August 4th. BidaskClub downgraded Harsco Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Finally, KeyCorp reissued an “overweight” rating and set a $19.00 target price (up previously from $17.50) on shares of Harsco Corporation in a report on Monday, June 26th.
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Harsco Corporation (NYSE:HSC) traded down 3.76% during mid-day trading on Friday, reaching $16.65. 227,775 shares of the company’s stock traded hands. The firm has a 50-day moving average price of $16.00 and a 200-day moving average price of $14.27. The stock’s market cap is $1.34 billion. Harsco Corporation has a 1-year low of $8.52 and a 1-year high of $17.25.
Harsco Corporation (NYSE:HSC) last posted its earnings results on Thursday, August 3rd. The industrial products company reported $0.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.05. Harsco Corporation had a positive return on equity of 26.28% and a negative net margin of 1.38%. The company had revenue of $394.89 million during the quarter, compared to the consensus estimate of $384.40 million. During the same quarter last year, the firm earned $0.15 earnings per share. The company’s revenue was up 6.7% on a year-over-year basis. Equities research analysts anticipate that Harsco Corporation will post $0.64 EPS for the current fiscal year.
In related news, SVP Scott H. Gerson sold 6,706 shares of the business’s stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $15.10, for a total value of $101,260.60. Following the completion of the transaction, the senior vice president now owns 32,125 shares of the company’s stock, valued at $485,087.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.76% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of HSC. BlackRock Inc. increased its position in Harsco Corporation by 36,936.1% in the first quarter. BlackRock Inc. now owns 9,685,304 shares of the industrial products company’s stock worth $123,489,000 after buying an additional 9,659,153 shares during the period. Vanguard Group Inc. increased its position in Harsco Corporation by 5.7% in the first quarter. Vanguard Group Inc. now owns 7,181,030 shares of the industrial products company’s stock worth $91,558,000 after buying an additional 384,883 shares during the period. Victory Capital Management Inc. increased its position in Harsco Corporation by 1.9% in the first quarter. Victory Capital Management Inc. now owns 2,703,798 shares of the industrial products company’s stock worth $34,474,000 after buying an additional 51,242 shares during the period. Dimensional Fund Advisors LP increased its position in Harsco Corporation by 10.2% in the first quarter. Dimensional Fund Advisors LP now owns 2,167,476 shares of the industrial products company’s stock worth $27,635,000 after buying an additional 200,320 shares during the period. Finally, Rothschild Asset Management Inc. increased its position in Harsco Corporation by 7.4% in the second quarter. Rothschild Asset Management Inc. now owns 1,999,650 shares of the industrial products company’s stock worth $32,194,000 after buying an additional 138,274 shares during the period. 82.90% of the stock is owned by institutional investors and hedge funds.
About Harsco Corporation
Harsco Corporation is a provider of industrial services and engineered products. The Company operates in three segments: Harsco Metals & Minerals, Harsco Industrial and Harsco Rail. The Harsco Metals & Minerals segment provides outsourced on-site services to the global metals industry, with the operations focused in the United States, the United Kingdom, France and Brazil.
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