Clean Harbors (NYSE:CLH) had its price target lowered by stock analysts at BMO Capital Markets from $78.00 to $76.00 in a research report issued to clients and investors on Thursday. The firm currently has an “outperform” rating on the business services provider’s stock. BMO Capital Markets’ target price would suggest a potential upside of 17.37% from the stock’s current price.
Other equities research analysts also recently issued research reports about the company. Stifel Nicolaus boosted their price objective on Clean Harbors from $65.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, August 2nd. TheStreet upgraded Clean Harbors from a “c+” rating to a “b” rating in a report on Thursday, August 2nd. Robert W. Baird restated a “buy” rating and set a $69.00 price objective on shares of Clean Harbors in a report on Thursday, August 2nd. Needham & Company LLC boosted their price objective on Clean Harbors from $63.00 to $74.00 and gave the company a “buy” rating in a report on Thursday, August 2nd. Finally, UBS Group set a $56.00 price objective on Clean Harbors and gave the company a “sell” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $66.75.
NYSE CLH opened at $64.75 on Thursday. The company has a market cap of $3.82 billion, a PE ratio of 196.21 and a beta of 1.01. Clean Harbors has a 52 week low of $44.74 and a 52 week high of $72.50. The company has a quick ratio of 1.73, a current ratio of 2.04 and a debt-to-equity ratio of 1.35.
Clean Harbors (NYSE:CLH) last released its quarterly earnings data on Wednesday, October 31st. The business services provider reported $0.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.16. The firm had revenue of $843.18 million during the quarter, compared to the consensus estimate of $846.07 million. Clean Harbors had a return on equity of 4.93% and a net margin of 4.18%. The company’s quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.21 earnings per share. On average, equities analysts anticipate that Clean Harbors will post 1.08 earnings per share for the current fiscal year.
In related news, insider David J. Vergo sold 2,384 shares of the company’s stock in a transaction on Monday, August 6th. The stock was sold at an average price of $62.22, for a total transaction of $148,332.48. Following the completion of the sale, the insider now owns 29,450 shares in the company, valued at $1,832,379. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Andrea Robertson sold 1,500 shares of the company’s stock in a transaction on Thursday, November 1st. The stock was sold at an average price of $68.31, for a total value of $102,465.00. Following the sale, the director now owns 14,929 shares of the company’s stock, valued at approximately $1,019,799.99. The disclosure for this sale can be found here. Insiders have sold 20,317 shares of company stock valued at $1,367,426 in the last quarter. 8.70% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in CLH. Victory Capital Management Inc. bought a new stake in Clean Harbors during the third quarter worth $45,622,000. Hennessy Advisors Inc. bought a new stake in Clean Harbors during the third quarter worth $28,847,000. Hood River Capital Management LLC bought a new stake in Clean Harbors during the second quarter worth $19,255,000. First Trust Advisors LP grew its holdings in Clean Harbors by 139.5% during the second quarter. First Trust Advisors LP now owns 382,307 shares of the business services provider’s stock worth $21,237,000 after buying an additional 222,672 shares in the last quarter. Finally, American Century Companies Inc. bought a new stake in Clean Harbors during the third quarter worth $14,521,000. Institutional investors and hedge funds own 94.74% of the company’s stock.
Clean Harbors Company Profile
Clean Harbors, Inc provides environmental, energy, and industrial services in North America. It operates through Technical Services; Industrial and Field Services; Safety-Kleen; and Oil, Gas and Lodging Services segments. The company's Technical Services segment provides a range of hazardous material management services, including the packaging, collection, transportation, treatment, and disposal of hazardous and non-hazardous waste at its incinerator, landfill, wastewater, and other treatment facilities.
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