Zacks Investment Research cut shares of Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) from a hold rating to a sell rating in a research note published on Thursday, October 19th.
According to Zacks, “HERITAGE-CRYSTAL CLEAN, LLC, headquartered in Elgin, Illinois, is a privately-held marketing and sales Company that concentrates on servicing the automotive repair, commercial and industrial marketplaces, primarily in the Midwest and Eastern States. “
Several other analysts also recently weighed in on HCCI. Stifel Nicolaus restated a buy rating and set a $23.00 price objective on shares of Heritage-Crystal Clean in a research report on Thursday, October 19th. BidaskClub upgraded shares of Heritage-Crystal Clean from a hold rating to a buy rating in a research report on Wednesday, August 2nd. Barrington Research boosted their price objective on shares of Heritage-Crystal Clean from $18.00 to $22.00 and gave the stock an outperform rating in a research report on Thursday, July 27th. Needham & Company LLC boosted their price objective on shares of Heritage-Crystal Clean from $17.00 to $23.00 and gave the stock a buy rating in a research report on Thursday, July 27th. Finally, Robert W. Baird cut shares of Heritage-Crystal Clean from an outperform rating to a neutral rating and lifted their target price for the company from $17.00 to $20.00 in a report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $22.50.
Shares of Heritage-Crystal Clean (HCCI) traded down 0.78% during mid-day trading on Thursday, reaching $19.20. 150,289 shares of the company’s stock traded hands. The firm has a market capitalization of $434.19 million, a price-to-earnings ratio of 25.07 and a beta of 2.09. The stock has a 50-day moving average price of $20.77 and a 200 day moving average price of $17.61. Heritage-Crystal Clean has a 12-month low of $12.50 and a 12-month high of $22.21.
Heritage-Crystal Clean (NASDAQ:HCCI) last issued its quarterly earnings data on Wednesday, October 18th. The industrial products company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.03). The company had revenue of $83.33 million for the quarter, compared to analysts’ expectations of $85.32 million. Heritage-Crystal Clean had a return on equity of 6.76% and a net margin of 5.56%. Analysts anticipate that Heritage-Crystal Clean will post $0.63 EPS for the current fiscal year.
ILLEGAL ACTIVITY WARNING: This story was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of US and international trademark and copyright law. The legal version of this story can be read at https://www.dispatchtribunal.com/2017/10/28/heritage-crystal-clean-inc-hcci-rating-lowered-to-sell-at-zacks-investment-research.html.
Institutional investors and hedge funds have recently made changes to their positions in the business. American International Group Inc. increased its stake in Heritage-Crystal Clean by 7.0% in the 1st quarter. American International Group Inc. now owns 7,852 shares of the industrial products company’s stock valued at $108,000 after buying an additional 513 shares during the period. Strs Ohio acquired a new position in Heritage-Crystal Clean in the 3rd quarter valued at $132,000. Nationwide Fund Advisors increased its stake in Heritage-Crystal Clean by 10.0% in the 2nd quarter. Nationwide Fund Advisors now owns 8,497 shares of the industrial products company’s stock valued at $135,000 after buying an additional 770 shares during the period. Wells Fargo & Company MN increased its stake in Heritage-Crystal Clean by 0.8% in the 1st quarter. Wells Fargo & Company MN now owns 10,452 shares of the industrial products company’s stock valued at $143,000 after buying an additional 85 shares during the period. Finally, Eqis Capital Management Inc. acquired a new position in Heritage-Crystal Clean in the 2nd quarter valued at $191,000. 55.59% of the stock is currently owned by institutional investors.
About Heritage-Crystal Clean
Heritage-Crystal Clean, Inc provides full-service parts cleaning, containerized waste management, used oil collection, vacuum truck services and antifreeze recycling. The Company owns and operates a used oil re-refinery. The Company operates through two segments: Environmental Services and Oil Business.
Get a free copy of the Zacks research report on Heritage-Crystal Clean (HCCI)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Heritage-Crystal Clean Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heritage-Crystal Clean Inc. and related companies with MarketBeat.com's FREE daily email newsletter.