Shares of Stericycle Inc (NASDAQ:SRCL) hit a new 52-week low during trading on Friday . The stock traded as low as $43.83 and last traded at $44.32, with a volume of 536160 shares changing hands. The stock had previously closed at $45.18.
Several analysts have recently commented on the company. Zacks Investment Research upgraded Stericycle from a “sell” rating to a “hold” rating in a report on Monday, September 17th. BidaskClub lowered Stericycle from a “buy” rating to a “hold” rating in a report on Saturday, September 22nd. Barrington Research set a $72.00 price objective on Stericycle and gave the company a “buy” rating in a report on Friday, October 5th. Northcoast Research reiterated a “neutral” rating on shares of Stericycle in a report on Friday, October 12th. Finally, Bank of America assumed coverage on Stericycle in a report on Monday, October 22nd. They set an “underperform” rating and a $53.00 price objective for the company. Five equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $64.38.
The company has a market capitalization of $4.21 billion, a PE ratio of 10.12, a price-to-earnings-growth ratio of 1.21 and a beta of 0.51. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.07 and a quick ratio of 1.07.
Stericycle (NASDAQ:SRCL) last issued its earnings results on Thursday, November 1st. The business services provider reported $1.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.02. The company had revenue of $854.90 million during the quarter, compared to analyst estimates of $856.36 million. Stericycle had a return on equity of 13.74% and a net margin of 4.63%. The firm’s quarterly revenue was down 3.2% on a year-over-year basis. During the same quarter last year, the business posted $1.10 EPS. On average, analysts forecast that Stericycle Inc will post 4.37 earnings per share for the current year.
A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in Stericycle by 2.6% in the 3rd quarter. Vanguard Group Inc. now owns 9,015,988 shares of the business services provider’s stock worth $529,058,000 after acquiring an additional 228,533 shares during the last quarter. Morgan Stanley raised its stake in Stericycle by 117.0% in the 3rd quarter. Morgan Stanley now owns 586,130 shares of the business services provider’s stock worth $34,393,000 after acquiring an additional 316,081 shares during the last quarter. Standard Life Aberdeen plc raised its stake in Stericycle by 555.1% in the 3rd quarter. Standard Life Aberdeen plc now owns 132,015 shares of the business services provider’s stock worth $7,746,000 after acquiring an additional 111,864 shares during the last quarter. Neuberger Berman Group LLC raised its stake in Stericycle by 42.0% in the 3rd quarter. Neuberger Berman Group LLC now owns 837,494 shares of the business services provider’s stock worth $49,143,000 after acquiring an additional 247,502 shares during the last quarter. Finally, Exane Asset Management purchased a new position in Stericycle in the 3rd quarter worth $244,000. Institutional investors own 96.58% of the company’s stock.
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Stericycle Company Profile (NASDAQ:SRCL)
Stericycle, Inc, together with its subsidiaries, provides regulated and compliance solutions to the healthcare, retail, and commercial businesses in the United States and internationally. It collects and processes regulated and specialized waste for disposal services; and collects personal and confidential information for secure destruction, as well as offers training, consulting, recall/return, communication, and compliance services.
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