Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Harsco Corporation (HSC) Stock Price
Headlines about Harsco Corporation (NYSE:HSC) have been trending somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Harsco Corporation earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned media headlines about the industrial products company an impact score of 45.9569081813805 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Several research analysts have issued reports on HSC shares. BidaskClub cut shares of Harsco Corporation from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 19th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $19.00 target price (up from $18.00) on shares of Harsco Corporation in a report on Wednesday, August 9th. Zacks Investment Research raised shares of 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, August 8th. Lake Street Capital reaffirmed a “buy” rating on shares of Harsco Corporation in a report on Friday, August 4th. Finally, Argus raised shares of Harsco Corporation from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a report on Friday, September 15th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $19.50.
Shares of Harsco Corporation (NYSE:HSC) traded down 1.42% on Thursday, reaching $20.85. 223,885 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $18.22 and a 200-day moving average price of $15.62. The company’s market cap is $1.68 billion. Harsco Corporation has a 12-month low of $9.05 and a 12-month high of $21.60.
Harsco Corporation (NYSE:HSC) last announced its quarterly earnings data on Thursday, August 3rd. The industrial products company reported $0.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.05. The firm had revenue of $394.89 million during the quarter, compared to analyst estimates of $384.40 million. Harsco Corporation had a negative net margin of 1.38% and a positive return on equity of 26.28%. Harsco Corporation’s revenue was up 6.7% on a year-over-year basis. During the same period last year, the firm posted $0.15 EPS. Equities research analysts anticipate that Harsco Corporation will post $0.64 EPS for the current fiscal year.
Harsco Corporation Company Profile
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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