Stericycle (NASDAQ:SRCL) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Wednesday, December 20th.
A number of other equities research analysts also recently weighed in on the company. William Blair reiterated an “ourperform” rating on shares of Stericycle in a report on Thursday, September 14th. Royal Bank of Canada lowered their price target on Stericycle from $74.00 to $67.00 and set an “underperform” rating for the company in a report on Thursday, November 9th. Stifel Nicolaus reiterated a “buy” rating and issued a $85.00 price target (down from $95.00) on shares of Stericycle in a report on Thursday, November 9th. BMO Capital Markets reduced their price objective on Stericycle from $74.00 to $62.00 and set a “market perform” rating for the company in a research report on Friday, November 10th. Finally, Zacks Investment Research lowered Stericycle from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company’s stock. Stericycle currently has a consensus rating of “Hold” and a consensus target price of $74.45.
Shares of Stericycle (SRCL) traded up $0.02 during trading hours on Wednesday, hitting $71.60. The company had a trading volume of 857,516 shares, compared to its average volume of 766,088. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.93. Stericycle has a 1-year low of $61.25 and a 1-year high of $88.00. The stock has a market cap of $6,110.00, a P/E ratio of -127.86, a P/E/G ratio of 1.74 and a beta of 0.16.
Stericycle (NASDAQ:SRCL) last posted its quarterly earnings data on Wednesday, November 8th. The business services provider reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.04). Stericycle had a positive return on equity of 13.93% and a negative net margin of 0.79%. The business had revenue of $883.00 million for the quarter, compared to analysts’ expectations of $896.81 million. During the same quarter in the prior year, the firm earned $1.24 earnings per share. Stericycle’s revenue for the quarter was down .8% compared to the same quarter last year. equities research analysts expect that Stericycle will post 4.49 EPS for the current year.
In other news, Director Mark C. Miller sold 19,753 shares of the business’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $70.52, for a total value of $1,392,981.56. Following the sale, the director now owns 205,576 shares of the company’s stock, valued at approximately $14,497,219.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 79,012 shares of company stock valued at $5,240,668 in the last quarter. 3.50% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Stericycle by 0.4% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,335 shares of the business services provider’s stock worth $483,000 after buying an additional 24 shares in the last quarter. RiverPoint Capital Management LLC raised its stake in shares of Stericycle by 0.6% in the 2nd quarter. RiverPoint Capital Management LLC now owns 5,152 shares of the business services provider’s stock worth $393,000 after buying an additional 29 shares in the last quarter. Sentry Investment Management LLC raised its position in shares of Stericycle by 1.1% during the second quarter. Sentry Investment Management LLC now owns 6,418 shares of the business services provider’s stock worth $490,000 after purchasing an additional 70 shares during the period. Great Lakes Advisors LLC raised its position in shares of Stericycle by 0.6% during the second quarter. Great Lakes Advisors LLC now owns 14,141 shares of the business services provider’s stock worth $1,079,000 after purchasing an additional 84 shares during the period. Finally, State of Tennessee Treasury Department raised its position in shares of Stericycle by 0.4% during the second quarter. State of Tennessee Treasury Department now owns 23,321 shares of the business services provider’s stock worth $1,780,000 after purchasing an additional 87 shares during the period. 94.48% of the stock is currently owned by institutional investors.
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Stericycle Company Profile
Stericycle, Inc is a business-to-business services provider. The Company focuses on regulated and compliance solutions for healthcare, retail, and commercial businesses. The Company’s segments include Domestic and Canada Regulated Waste and Compliance Services (RCS), Domestic Communication and Related Services (CRS), International RCS and All other.
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