Heritage-Crystal Clean (NASDAQ:HCCI) Upgraded to “Buy” at BidaskClub

BidaskClub upgraded shares of Heritage-Crystal Clean (NASDAQ:HCCI) from a hold rating to a buy rating in a research report sent to investors on Wednesday, December 20th.

HCCI has been the subject of several other reports. Zacks Investment Research cut Heritage-Crystal Clean from a buy rating to a hold rating in a research note on Wednesday, September 27th. Stifel Nicolaus reiterated a buy rating and set a $23.00 price target on shares of Heritage-Crystal Clean in a research report on Thursday, October 19th. Robert W. Baird lifted their price target on Heritage-Crystal Clean from $20.00 to $22.00 and gave the company a neutral rating in a research report on Friday, October 20th. Finally, Roth Capital set a $24.00 price target on Heritage-Crystal Clean and gave the company a buy rating in a research report on Friday, October 20th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Heritage-Crystal Clean presently has a consensus rating of Buy and a consensus target price of $23.17.

Heritage-Crystal Clean (NASDAQ HCCI) traded up $0.95 during mid-day trading on Wednesday, reaching $24.05. The company’s stock had a trading volume of 200,579 shares, compared to its average volume of 89,496. Heritage-Crystal Clean has a twelve month low of $12.85 and a twelve month high of $24.45. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.02 and a current ratio of 2.51. The stock has a market capitalization of $550.26, a price-to-earnings ratio of 27.64, a price-to-earnings-growth ratio of 1.70 and a beta of 1.96.

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 analysts’ consensus estimates of $0.18 by ($0.03). Heritage-Crystal Clean had a net margin of 5.56% and a return on equity of 6.76%. The company had revenue of $83.33 million for the quarter, compared to the consensus estimate of $85.32 million. equities research analysts forecast that Heritage-Crystal Clean will post 0.63 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CMH Wealth Management LLC acquired a new position in Heritage-Crystal Clean during the fourth quarter worth $228,000. Algert Global LLC purchased a new stake in Heritage-Crystal Clean in the third quarter valued at $4,375,000. Cornerstone Capital Management Holdings LLC. raised its position in Heritage-Crystal Clean by 73.1% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 83,578 shares of the industrial products company’s stock valued at $1,817,000 after purchasing an additional 35,300 shares during the period. OxFORD Asset Management LLP purchased a new stake in Heritage-Crystal Clean in the third quarter valued at $640,000. Finally, Dimensional Fund Advisors LP raised its position in Heritage-Crystal Clean by 30.8% in the third quarter. Dimensional Fund Advisors LP now owns 514,342 shares of the industrial products company’s stock valued at $11,187,000 after purchasing an additional 121,150 shares during the period. 58.56% of the stock is currently owned by institutional investors.

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Heritage-Crystal Clean Company Profile

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)

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