Stericycle, Inc. (NASDAQ:SRCL) Raised to Sell at BidaskClub
Stericycle, Inc. (NASDAQ:SRCL) was upgraded by research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued to investors on Monday, July 24th.
SRCL has been the topic of a number of other reports. Jefferies Group LLC set a $108.00 price objective on shares of Stericycle and gave the company a “buy” rating in a report on Saturday, May 6th. Robert W. Baird downgraded shares of Stericycle from a “neutral” rating to an “underperform” rating and lowered their price objective for the company from $74.00 to $73.00 in a report on Monday, May 15th. Deutsche Bank AG lowered their price objective on shares of Stericycle from $14.00 to $10.00 and set a “buy” rating on the stock in a report on Monday, May 15th. BMO Capital Markets assumed coverage on shares of Stericycle in a report on Thursday, June 29th. They issued a “market perform” rating and a $81.00 price objective on the stock. Finally, Zacks Investment Research upgraded shares of Stericycle from a “hold” rating to a “buy” rating and set a $97.00 price objective on the stock in a report on Tuesday, April 25th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $81.15.
Stericycle (NASDAQ SRCL) traded down 0.49% during mid-day trading on Monday, hitting $70.70. 633,268 shares of the company were exchanged. The company has a 50 day moving average of $75.61 and a 200 day moving average of $80.16. Stericycle has a 12-month low of $70.24 and a 12-month high of $88.00. The stock’s market cap is $6.03 billion.
Stericycle (NASDAQ:SRCL) last posted its quarterly earnings data on Thursday, August 3rd. The business services provider reported $1.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.02. Stericycle had a negative net margin of 0.07% and a positive return on equity of 14.35%. The company had revenue of $917.70 million for the quarter, compared to the consensus estimate of $902.81 million. During the same period last year, the company earned $1.18 earnings per share. The firm’s revenue was up 2.9% compared to the same quarter last year. On average, equities research analysts expect that Stericycle will post $4.60 earnings per share for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the company. Fulton Bank N.A. bought a new position in Stericycle during the first quarter worth approximately $265,000. Burns J W & Co. Inc. NY boosted its position in Stericycle by 1.0% in the first quarter. Burns J W & Co. Inc. NY now owns 10,200 shares of the business services provider’s stock worth $845,000 after buying an additional 100 shares during the period. Chevy Chase Trust Holdings Inc. boosted its position in Stericycle by 3.4% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 73,896 shares of the business services provider’s stock worth $6,125,000 after buying an additional 2,453 shares during the period. Capital Investment Services of America Inc. boosted its position in Stericycle by 10.0% in the first quarter. Capital Investment Services of America Inc. now owns 108,771 shares of the business services provider’s stock worth $9,016,000 after buying an additional 9,909 shares during the period. Finally, Highbridge Capital Management LLC bought a new position in Stericycle during the fourth quarter worth approximately $660,000. 94.56% of the stock is owned by hedge funds and other institutional investors.
Stericycle Company Profile
Stericycle, Inc is a business-to-business services provider. The Company focuses on regulated and compliance solutions for healthcare, retail, and commercial businesses. The Company’s segments include Domestic and Canada Regulated Waste and Compliance Services (RCS), Domestic Communication and Related Services (CRS), International RCS and All other.
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