Zacks Investment Research upgraded shares of Heritage-Crystal Clean (NASDAQ:HCCI) from a hold rating to a strong-buy rating in a report released on Wednesday morning, Zacks.com reports. The brokerage currently has $32.00 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. “
HCCI has been the subject of a number of other research reports. ValuEngine raised shares of Heritage-Crystal Clean from a hold rating to a buy rating in a research note on Tuesday, July 16th. Barrington Research upped their price objective on shares of Heritage-Crystal Clean from $30.00 to $31.00 and gave the company an outperform rating in a research note on Friday, July 26th. Finally, BidaskClub upgraded Heritage-Crystal Clean from a sell rating to a hold rating in a report on Wednesday, July 24th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $29.80.
Shares of NASDAQ HCCI traded down $0.25 on Wednesday, reaching $27.75. 33,135 shares of the company traded hands, compared to its average volume of 41,952. Heritage-Crystal Clean has a fifty-two week low of $19.01 and a fifty-two week high of $29.01. The firm’s 50 day moving average is $26.74. The company has a quick ratio of 1.39, a current ratio of 1.82 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $648.67 million, a PE ratio of 37.90, a PEG ratio of 1.72 and a beta of 1.39.
Heritage-Crystal Clean (NASDAQ:HCCI) last posted its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $0.35 EPS for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.04. Heritage-Crystal Clean had a net margin of 3.13% and a return on equity of 6.78%. The company had revenue of $105.00 million during the quarter, compared to the consensus estimate of $107.75 million. As a group, analysts anticipate that Heritage-Crystal Clean will post 1.09 earnings per share for the current year.
Large investors have recently modified their holdings of the company. CIBC World Markets Inc. purchased a new stake in shares of Heritage-Crystal Clean during the 1st quarter worth about $211,000. Dimensional Fund Advisors LP grew its holdings in shares of Heritage-Crystal Clean by 0.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 941,255 shares of the industrial products company’s stock worth $21,658,000 after purchasing an additional 4,634 shares during the period. BlackRock Inc. grew its holdings in shares of Heritage-Crystal Clean by 4.3% during the 4th quarter. BlackRock Inc. now owns 821,943 shares of the industrial products company’s stock worth $18,912,000 after purchasing an additional 33,944 shares during the period. TD Asset Management Inc. grew its holdings in shares of Heritage-Crystal Clean by 1.9% during the 1st quarter. TD Asset Management Inc. now owns 31,727 shares of the industrial products company’s stock worth $871,000 after purchasing an additional 600 shares during the period. Finally, Martingale Asset Management L P grew its holdings in shares of Heritage-Crystal Clean by 2.6% during the 1st quarter. Martingale Asset Management L P now owns 27,600 shares of the industrial products company’s stock worth $758,000 after purchasing an additional 698 shares during the period. Institutional investors and hedge funds own 64.44% of the company’s stock.
About Heritage-Crystal Clean
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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