Stericycle (NASDAQ:SRCL) Stock Crosses Above 200 Day Moving Average of $53.00

Stericycle, Inc. (NASDAQ:SRCL)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $53.00 and traded as high as $59.02. Stericycle shares last traded at $58.81, with a volume of 639,591 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on SRCL shares. 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 research note on Tuesday, June 4th. Robert W. Baird lowered their target price on Stericycle from $62.00 to $55.00 and set a “neutral” rating for the company in a research note on Friday, April 26th. Truist Financial raised their target price on Stericycle from $50.00 to $62.00 and gave the company a “hold” rating in a report on Tuesday, June 4th. StockNews.com assumed coverage on Stericycle in a report on Friday. They issued a “hold” rating for the company. Finally, Keefe, Bruyette & Woods lifted their price objective 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. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $74.00.

Stericycle Price Performance

The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.55. The business has a 50 day simple moving average of $58.35 and a two-hundred day simple moving average of $53.06.

Institutional Trading of Stericycle

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

Stericycle Company Profile

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.