Stericycle, Inc. (SRCL) Receives Consensus Recommendation of “Hold” from Brokerages
Shares of Stericycle, Inc. (NASDAQ:SRCL) have been assigned a consensus recommendation of “Hold” from the fifteen ratings firms that are covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $80.91.
Several equities research analysts have commented on SRCL shares. Jefferies Group LLC set a $108.00 price objective on shares of Stericycle and gave the company a “buy” rating in a research note on Monday, May 22nd. BMO Capital Markets initiated coverage on shares of Stericycle in a research note on Thursday, June 29th. They issued a “market perform” rating and a $81.00 price objective for the company. Zacks Investment Research raised shares of Stericycle from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a research report on Wednesday, July 5th. BidaskClub raised shares of Stericycle from a “strong sell” rating to a “sell” rating in a research report on Monday, July 24th. Finally, Barclays PLC reissued an “overweight” rating and set a $100.00 target price on shares of Stericycle in a research report on Wednesday, August 9th.
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Shares of Stericycle (NASDAQ:SRCL) opened at 72.18 on Wednesday. The stock’s 50 day moving average price is $73.54 and its 200-day moving average price is $79.35. Stericycle has a one year low of $68.62 and a one year high of $88.00. The company’s market cap is $6.16 billion.
Stericycle (NASDAQ:SRCL) last posted its quarterly earnings data on Thursday, August 3rd. The business services provider reported $1.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.02. The firm had revenue of $917.70 million during the quarter, compared to analyst estimates of $902.81 million. Stericycle had a negative net margin of 0.07% and a positive return on equity of 14.35%. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter last year, the business posted $1.18 EPS. On average, analysts expect that Stericycle will post $4.60 EPS for the current year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sentry Investment Management LLC boosted its holdings in Stericycle by 1.1% in the 2nd quarter. Sentry Investment Management LLC now owns 6,418 shares of the business services provider’s stock worth $490,000 after buying an additional 70 shares during the period. Toronto Dominion Bank boosted its holdings in Stericycle by 25.8% in the 2nd quarter. Toronto Dominion Bank now owns 28,883 shares of the business services provider’s stock worth $2,204,000 after buying an additional 5,926 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in Stericycle in the 2nd quarter worth approximately $728,000. Gofen & Glossberg LLC IL boosted its holdings in Stericycle by 0.4% in the 2nd quarter. Gofen & Glossberg LLC IL now owns 63,691 shares of the business services provider’s stock worth $4,861,000 after buying an additional 225 shares during the period. Finally, Covington Capital Management boosted its holdings in Stericycle by 16.3% in the 2nd quarter. Covington Capital Management now owns 60,260 shares of the business services provider’s stock worth $4,599,000 after buying an additional 8,465 shares during the period. 93.72% of the stock is owned by institutional investors.
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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