Shares of Harsco Co. (NYSE:HSC) have been given a consensus recommendation of “Hold” by the seven research firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $19.67.
Several equities research analysts have weighed in on HSC shares. Zacks Investment Research downgraded Harsco from a “buy” rating to a “hold” rating in a report on Wednesday. Argus raised Harsco from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a report on Friday, September 15th. Finally, ValuEngine downgraded Harsco from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Federated Investors Inc. PA boosted its holdings in Harsco by 1.7% in the second quarter. Federated Investors Inc. PA now owns 7,678 shares of the industrial products company’s stock worth $124,000 after acquiring an additional 132 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Harsco by 0.7% in the second quarter. The Manufacturers Life Insurance Company now owns 62,856 shares of the industrial products company’s stock worth $1,011,000 after acquiring an additional 448 shares in the last quarter. Amalgamated Bank boosted its holdings in Harsco by 5.8% in the second quarter. Amalgamated Bank now owns 11,536 shares of the industrial products company’s stock worth $186,000 after acquiring an additional 634 shares in the last quarter. Martingale Asset Management L P boosted its holdings in Harsco by 1.3% in the second quarter. Martingale Asset Management L P now owns 115,958 shares of the industrial products company’s stock worth $1,867,000 after acquiring an additional 1,500 shares in the last quarter. Finally, Alliancebernstein L.P. raised its stake in shares of Harsco by 2.5% in the second quarter. Alliancebernstein L.P. now owns 102,700 shares of the industrial products company’s stock worth $1,653,000 after purchasing an additional 2,480 shares during the last quarter. 81.42% of the stock is owned by institutional investors and hedge funds.
Shares of Harsco (HSC) traded up $0.50 during mid-day trading on Monday, reaching $19.25. The company had a trading volume of 340,475 shares, compared to its average volume of 436,500. Harsco has a 12 month low of $11.40 and a 12 month high of $22.00. The company has a market capitalization of $1,550.00, a P/E ratio of 62.10 and a beta of 3.11. The company has a debt-to-equity ratio of 2.87, a quick ratio of 0.83 and a current ratio of 1.30.
Harsco (NYSE:HSC) last issued its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.04. Harsco had a return on equity of 32.46% and a net margin of 1.69%. The company had revenue of $384.65 million for the quarter, compared to the consensus estimate of $398.85 million. During the same quarter last year, the company earned $0.14 earnings per share. The firm’s revenue for the quarter 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.
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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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