Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) Receives “Buy” Rating from Stifel Nicolaus

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.

TRADEMARK VIOLATION WARNING: “Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) Receives “Buy” Rating from Stifel Nicolaus” was originally published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this news story on another site, it was stolen and republished in violation of US and international copyright & trademark laws. The correct version of this news story can be viewed at https://www.dispatchtribunal.com/2017/10/28/heritage-crystal-cleans-hcci-buy-rating-reiterated-at-stifel-nicolaus-2.html.

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.

Analyst Recommendations for Heritage-Crystal Clean (NASDAQ:HCCI)

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.

Leave a Reply