Heritage-Crystal Clean (HCCI) Raised to “Strong-Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of Heritage-Crystal Clean (NASDAQ:HCCI) from a hold rating to a strong-buy rating in a research note published on Wednesday. They currently have $25.00 price target on the industrial products company’s stock.

According to Zacks, “HERITAGE-CRYSTAL CLEAN, LLC, headquartered in Elgin, Illinois, is a privately-held marketing and sales Company that concentrates on servicing the automotive repair, commercial and industrial marketplaces, primarily in the Midwest and Eastern States. “

A number of other equities analysts have also weighed in on HCCI. ValuEngine raised Heritage-Crystal Clean from a hold rating to a buy rating in a research note on Wednesday. BidaskClub raised Heritage-Crystal Clean from a strong sell rating to a sell rating in a research note on Thursday, June 21st. Roth Capital set a $28.00 price target on Heritage-Crystal Clean and gave the company a buy rating in a research note on Saturday, July 28th. Barrington Research set a $24.00 price target on Heritage-Crystal Clean and gave the company a buy rating in a research note on Thursday, July 19th. Finally, Robert W. Baird raised Heritage-Crystal Clean from a neutral rating to an outperform rating in a research note on Tuesday, September 25th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company’s stock. Heritage-Crystal Clean currently has a consensus rating of Buy and an average target price of $27.40.

NASDAQ HCCI opened at $22.19 on Wednesday. The firm has a market cap of $509.41 million, a price-to-earnings ratio of 32.63, a P/E/G ratio of 1.81 and a beta of 1.79. The company has a current ratio of 2.79, a quick ratio of 1.99 and a debt-to-equity ratio of 0.12. Heritage-Crystal Clean has a fifty-two week low of $18.00 and a fifty-two week high of $25.20.

Heritage-Crystal Clean (NASDAQ:HCCI) last released its quarterly earnings data on Wednesday, October 17th. The industrial products company reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.02. The company had revenue of $99.67 million for the quarter, compared to analyst estimates of $96.20 million. Heritage-Crystal Clean had a return on equity of 7.76% and a net margin of 6.00%. Equities analysts anticipate that Heritage-Crystal Clean will post 0.81 EPS for the current year.

Several institutional investors have recently made changes to their positions in the company. Northern Trust Corp lifted its stake in shares of Heritage-Crystal Clean by 4.5% in the 2nd quarter. Northern Trust Corp now owns 171,740 shares of the industrial products company’s stock valued at $3,452,000 after purchasing an additional 7,421 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Heritage-Crystal Clean by 3.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 184,694 shares of the industrial products company’s stock valued at $3,712,000 after purchasing an additional 5,500 shares during the last quarter. California Public Employees Retirement System lifted its stake in shares of Heritage-Crystal Clean by 6.5% in the 2nd quarter. California Public Employees Retirement System now owns 42,922 shares of the industrial products company’s stock valued at $863,000 after purchasing an additional 2,622 shares during the last quarter. Vident Investment Advisory LLC purchased a new stake in shares of Heritage-Crystal Clean in the 2nd quarter valued at $559,000. Finally, Cannell Capital LLC raised its holdings in shares of Heritage-Crystal Clean by 13.1% in the 2nd quarter. Cannell Capital LLC now owns 690,199 shares of the industrial products company’s stock valued at $13,873,000 after buying an additional 80,135 shares during the period. 59.03% of the stock is currently owned by institutional investors and hedge funds.

Heritage-Crystal Clean Company Profile

Heritage-Crystal Clean, Inc, through its subsidiary, Heritage-Crystal Clean, LLC, provides parts cleaning, and hazardous and non-hazardous containerized waste services to small and mid-sized customers in the vehicle maintenance and manufacturing services industries in North America. It operates in two segments, Environmental Services and Oil Business.

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