Harsco Corporation (HSC) Receives Average Rating of “Buy” from Analysts

Harsco Corporation (NYSE:HSC) has been assigned an average rating of “Buy” from the seven brokerages that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $20.00.

Several equities research analysts have recently weighed in on HSC shares. Argus raised shares of Harsco from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Friday, September 15th. Zacks Investment Research raised shares of Harsco from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a report on Friday, November 10th. ValuEngine lowered shares of Harsco from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Jefferies Group reissued a “buy” rating and set a $19.00 price objective (up previously from $18.00) on shares of Harsco in a report on Wednesday, August 9th. Finally, BidaskClub lowered shares of Harsco from a “hold” rating to a “sell” rating in a report on Wednesday, August 23rd.

Harsco (NYSE HSC) traded up $0.25 on Thursday, hitting $17.85. 466,194 shares of the stock traded hands, compared to its average volume of 515,879. The company has a current ratio of 1.30, a quick ratio of 0.83 and a debt-to-equity ratio of 2.87. Harsco has a fifty-two week low of $11.40 and a fifty-two week high of $22.00. The company has a market cap of $1,403.76, a price-to-earnings ratio of 25.29 and a beta of 3.09.

Harsco (NYSE:HSC) last posted its earnings results on Wednesday, November 8th. The industrial products company reported $0.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.04. Harsco had a net margin of 1.69% and a return on equity of 32.46%. The business had revenue of $384.65 million for the quarter, compared to analyst estimates of $398.85 million. During the same quarter in the prior year, the firm earned $0.14 EPS. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. sell-side analysts predict that Harsco will post 0.68 EPS for the current fiscal year.

Large investors have recently modified their holdings of the business. 1060 Capital LLC bought a new stake in Harsco during the 2nd quarter worth about $14,658,000. First Quadrant L P CA bought a new stake in Harsco during the 3rd quarter worth about $263,000. Cornerstone Capital Management Holdings LLC. bought a new position in shares of Harsco in the 2nd quarter valued at about $283,000. Parametrica Management Ltd bought a new position in shares of Harsco in the 3rd quarter valued at about $708,000. Finally, WINTON GROUP Ltd bought a new position in shares of Harsco in the 2nd quarter valued at about $895,000. 81.44% of the stock is currently owned by hedge funds and other institutional investors.

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Harsco 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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