Stericycle, Inc. (SRCL) PT Set at $108.00 by Jefferies Group LLC
Stericycle, Inc. (NASDAQ:SRCL) has been given a $108.00 target price by analysts at Jefferies Group LLC in a research note issued to investors on Tuesday. The brokerage currently has a “buy” rating on the business services provider’s stock. Jefferies Group LLC’s price objective would indicate a potential upside of 50.73% from the stock’s current price. Jefferies Group also issued estimates for Stericycle’s Q3 2017 earnings at $1.13 EPS, Q4 2017 earnings at $1.22 EPS, FY2017 earnings at $4.59 EPS and FY2018 earnings at $4.80 EPS.
A number of other equities analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Stericycle from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. William Blair reiterated an “ourperform” rating on shares of Stericycle in a research report on Thursday, September 14th. Barclays PLC reiterated an “overweight” rating and set a $100.00 target price on shares of Stericycle in a research report on Wednesday, August 9th. BidaskClub lowered shares of Stericycle from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. Finally, BMO Capital Markets began coverage on shares of Stericycle in a research report on Thursday, June 29th. They set a “market perform” rating and a $81.00 target price for the company. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $81.25.
Shares of Stericycle (NASDAQ:SRCL) opened at 71.65 on Tuesday. Stericycle has a 52 week low of $68.62 and a 52 week high of $88.00. The firm’s market cap is $6.11 billion. The firm has a 50-day moving average of $71.13 and a 200 day moving average of $77.25.
Stericycle (NASDAQ:SRCL) last issued its earnings results on Thursday, August 3rd. The business services provider reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates 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 quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the business earned $1.18 earnings per share. Equities research analysts predict that Stericycle will post $4.59 EPS for the current fiscal year.
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A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in Stericycle by 3.0% in the second quarter. Vanguard Group Inc. now owns 8,334,537 shares of the business services provider’s stock valued at $636,092,000 after purchasing an additional 240,327 shares in the last quarter. BlackRock Inc. raised its stake in Stericycle by 6.4% in the second quarter. BlackRock Inc. now owns 5,413,244 shares of the business services provider’s stock valued at $413,139,000 after purchasing an additional 323,664 shares in the last quarter. State Street Corp raised its stake in Stericycle by 1.1% in the first quarter. State Street Corp now owns 3,470,873 shares of the business services provider’s stock valued at $287,693,000 after purchasing an additional 39,382 shares in the last quarter. Jennison Associates LLC raised its stake in Stericycle by 5.1% in the second quarter. Jennison Associates LLC now owns 1,489,121 shares of the business services provider’s stock valued at $113,650,000 after purchasing an additional 71,623 shares in the last quarter. Finally, Schroder Investment Management Group purchased a new stake in Stericycle in the second quarter valued at approximately $80,497,000. 93.54% of the stock is currently owned by institutional investors and hedge funds.
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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