Stericycle (NASDAQ:SRCL) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of Stericycle (NASDAQ:SRCLFree Report) in a report released on Sunday. The brokerage issued a hold rating on the business services provider’s stock.

A number of other equities analysts have also recently issued reports on SRCL. Truist Financial raised their target price on shares of Stericycle from $50.00 to $62.00 and gave the stock a hold rating in a report on Tuesday, June 4th. Royal Bank of Canada reissued a sector perform rating and issued a $62.00 target price (down previously from $69.00) on shares of Stericycle in a report on Tuesday, June 4th. Keefe, Bruyette & Woods raised their price target on shares of Stericycle from $135.00 to $142.00 and gave the company an outperform rating in a research note on Tuesday, June 4th. Finally, Robert W. Baird dropped their price target on shares of Stericycle from $62.00 to $55.00 and set a neutral rating on the stock in a research note on Friday, April 26th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of Hold and an average price target of $74.00.

Check Out Our Latest Research Report on Stericycle

Stericycle Stock Performance

NASDAQ:SRCL opened at $58.52 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.11 and a quick ratio of 1.11. Stericycle has a 1-year low of $37.78 and a 1-year high of $59.45. The firm has a 50-day moving average of $53.53 and a two-hundred day moving average of $51.27. The stock has a market cap of $5.43 billion, a P/E ratio of -266.00, a PEG ratio of 3.15 and a beta of 1.11.

Stericycle (NASDAQ:SRCLGet Free Report) last issued its quarterly earnings results on Thursday, April 25th. The business services provider reported $0.57 EPS for the quarter, topping the consensus estimate of $0.54 by $0.03. Stericycle had a negative net margin of 0.74% and a positive return on equity of 7.31%. The business had revenue of $664.90 million for the quarter, compared to analysts’ expectations of $676.42 million. During the same quarter last year, the company posted $0.49 earnings per share. The company’s quarterly revenue was down 2.8% compared to the same quarter last year. On average, research analysts expect that Stericycle will post 2.32 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Stericycle

Institutional investors have recently modified their holdings of the stock. Clearstead Trust LLC acquired a new stake in shares of Stericycle during the 1st quarter valued at $25,000. Principal Securities Inc. bought a new position in shares of Stericycle during the 4th quarter valued at $41,000. GAMMA Investing LLC raised its holdings in shares of Stericycle by 170.9% during the 1st quarter. GAMMA Investing LLC now owns 818 shares of the business services provider’s stock valued at $43,000 after purchasing an additional 516 shares in the last quarter. TFO Wealth Partners LLC raised its holdings in shares of Stericycle by 22,325.0% during the 4th quarter. TFO Wealth Partners LLC now owns 897 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 893 shares in the last quarter. Finally, Headlands Technologies LLC bought a new position in shares of Stericycle during the 1st quarter valued at $44,000. Institutional investors and hedge funds own 98.82% of the company’s stock.

About Stericycle

(Get Free Report)

Stericycle, Inc, together with its subsidiaries, provides regulated waste and compliance services in the United States, Europe, and internationally. The company offers regulated waste and compliance services, including regulated medical waste, sharps waste management and disposal, pharmaceutical waste management and disposal, chemotherapy waste and disposal, controlled substance waste disposal, healthcare hazardous waste, and integrated waste stream solutions; specialty services, such as MedDrop medication collection kiosks, safe community solutions, SafeDrop sharps mailback solutions, and airport and maritime waste services; medical supply store services, that includes sharps and disposable biohazardous waste containers, infection control supplies, and seal&send medication mail back; and compliance solutions including Steri-Safe compliance solutions.

Further Reading

Analyst Recommendations for Stericycle (NASDAQ:SRCL)

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