Shares of Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) have been assigned an average recommendation of “Buy” from the eight research firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $23.50.
A number of equities research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Heritage-Crystal Clean from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Friday. BidaskClub upgraded shares of Heritage-Crystal Clean from a “hold” rating to a “buy” rating in a report on Tuesday, January 16th. Roth Capital set a $24.00 target price on shares of Heritage-Crystal Clean and gave the stock a “buy” rating in a report on Friday, October 20th. Robert W. Baird increased their target price on shares of Heritage-Crystal Clean from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Friday, October 20th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $23.00 target price on shares of Heritage-Crystal Clean in a report on Thursday, October 19th.
Institutional investors and hedge funds have recently made changes to their positions in the company. Strs Ohio acquired a new stake in shares of Heritage-Crystal Clean in the 3rd quarter valued at $132,000. Nationwide Fund Advisors raised its holdings in shares of Heritage-Crystal Clean by 10.0% in 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. First Trust Advisors LP acquired a new stake in shares of Heritage-Crystal Clean in the 3rd quarter valued at $225,000. CMH Wealth Management LLC acquired a new stake in shares of Heritage-Crystal Clean in the 4th quarter valued at $228,000. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Heritage-Crystal Clean by 18.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,315 shares of the industrial products company’s stock valued at $227,000 after purchasing an additional 2,214 shares in the last quarter. Institutional investors and hedge funds own 58.56% of the company’s stock.
Heritage-Crystal Clean (HCCI) traded down $0.25 during trading hours on Thursday, hitting $22.60. 285,959 shares of the company were exchanged, compared to its average volume of 97,451. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.51 and a quick ratio of 2.02. The stock has a market cap of $517.09, a PE ratio of 37.05, a P/E/G ratio of 1.66 and a beta of 1.96. Heritage-Crystal Clean has a 1 year low of $12.85 and a 1 year high of $25.20.
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 Zacks’ 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 return on equity of 6.76% and a net margin of 5.56%. equities analysts predict that Heritage-Crystal Clean will post 0.63 earnings per share for the current year.
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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.
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