Robert W. Baird upgraded shares of Stericycle (NASDAQ:SRCL) from an underperform rating to a neutral rating in a research note released on Tuesday morning. Robert W. Baird currently has $73.00 price objective on the business services provider’s stock.
A number of other research analysts also recently issued reports on the company. BidaskClub upgraded Stericycle from a sell rating to a hold rating in a report on Wednesday, January 31st. BMO Capital Markets reiterated a hold rating and issued a $72.00 price target on shares of Stericycle in a report on Wednesday, January 24th. Royal Bank of Canada lifted their price target on Stericycle to $75.00 and gave the company an underperform rating in a report on Friday, January 19th. Zacks Investment Research upgraded Stericycle from a sell rating to a hold rating in a research note on Wednesday, January 10th. Finally, Stifel Nicolaus restated a buy rating and set a $85.00 target price on shares of Stericycle in a research note on Thursday, December 28th. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. Stericycle presently has a consensus rating of Hold and an average target price of $73.70.
Stericycle (NASDAQ:SRCL) opened at $75.62 on Tuesday. Stericycle has a fifty-two week low of $61.25 and a fifty-two week high of $88.00. The stock has a market capitalization of $6,460.00, a price-to-earnings ratio of -135.04, a PEG ratio of 1.75 and a beta of 0.26. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.82 and a quick ratio of 0.82.
In related news, Director Mark C. Miller sold 19,753 shares of the business’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $63.33, for a total transaction of $1,250,957.49. Following the transaction, the director now directly owns 205,854 shares in the company, valued at approximately $13,036,733.82. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 3.50% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. lifted its position in Stericycle by 1.6% during the 4th quarter. BlackRock Inc. now owns 5,440,000 shares of the business services provider’s stock worth $369,863,000 after acquiring an additional 84,740 shares during the period. Wells Fargo & Company MN lifted its position in Stericycle by 48.6% during the 4th quarter. Wells Fargo & Company MN now owns 2,821,600 shares of the business services provider’s stock worth $191,840,000 after acquiring an additional 922,641 shares during the period. Clarkston Capital Partners LLC lifted its position in Stericycle by 97.5% during the 4th quarter. Clarkston Capital Partners LLC now owns 2,002,235 shares of the business services provider’s stock worth $136,132,000 after acquiring an additional 988,350 shares during the period. Schroder Investment Management Group lifted its position in Stericycle by 89.3% during the 3rd quarter. Schroder Investment Management Group now owns 1,973,743 shares of the business services provider’s stock worth $141,556,000 after acquiring an additional 931,300 shares during the period. Finally, Jennison Associates LLC lifted its position in Stericycle by 0.4% during the 3rd quarter. Jennison Associates LLC now owns 1,494,643 shares of the business services provider’s stock worth $107,046,000 after acquiring an additional 5,522 shares during the period. 94.24% of the stock is owned by institutional investors.
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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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