Heritage-Crystal Clean, Inc. (NASDAQ:HCCI)‘s stock had its “buy” rating reissued by research analysts at Stifel Nicolaus in a research report issued on Thursday, October 19th. They currently have a $23.00 price objective on the industrial products company’s stock. Stifel Nicolaus’ price objective indicates a potential upside of 19.79% from the stock’s previous close.
HCCI has been the topic of a number of other research reports. Zacks Investment Research cut shares of Heritage-Crystal Clean from a “buy” rating to a “hold” rating in a research report on Wednesday, September 27th. 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 lifted their target price 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. Robert W. Baird cut shares of Heritage-Crystal Clean from an “outperform” rating to a “neutral” rating and lifted their target price for the stock from $17.00 to $20.00 in a research report on Thursday, July 27th. Finally, Needham & Company LLC lifted their target price 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. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $22.50.
Shares of Heritage-Crystal Clean (NASDAQ HCCI) traded down 0.78% during mid-day trading on Thursday, reaching $19.20. The company had a trading volume of 150,289 shares. The firm’s 50-day moving average is $20.77 and its 200 day moving average is $17.61. Heritage-Crystal Clean has a 12 month low of $12.50 and a 12 month high of $22.21. The company has a market capitalization of $434.19 million, a price-to-earnings ratio of 25.07 and a beta of 2.09.
Heritage-Crystal Clean (NASDAQ:HCCI) last posted its quarterly earnings data on Wednesday, October 18th. The industrial products company reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ 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 net margin of 5.56% and a return on equity of 6.76%. On average, equities research analysts predict that Heritage-Crystal Clean will post $0.63 earnings per share for the current year.
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Institutional investors and hedge funds have recently made changes to their positions in the company. American International Group Inc. boosted its stake in shares of Heritage-Crystal Clean by 7.0% during the 1st quarter. American International Group Inc. now owns 7,852 shares of the industrial products company’s stock valued at $108,000 after purchasing an additional 513 shares in the last quarter. Strs Ohio bought a new stake in shares of Heritage-Crystal Clean during the 3rd quarter valued at about $132,000. Nationwide Fund Advisors boosted its stake in shares of Heritage-Crystal Clean by 10.0% during the 2nd quarter. Nationwide Fund Advisors now owns 8,497 shares of the industrial products company’s stock valued at $135,000 after purchasing an additional 770 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of Heritage-Crystal Clean by 0.8% during the 1st quarter. Wells Fargo & Company MN now owns 10,452 shares of the industrial products company’s stock valued at $143,000 after purchasing an additional 85 shares in the last quarter. Finally, Eqis Capital Management Inc. bought a new stake in shares of Heritage-Crystal Clean during the 2nd quarter valued at about $191,000. 55.59% of the stock is currently owned by hedge funds and other 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.
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