Stericycle (NASDAQ:SRCL) Hits New 1-Year High at $61.54

Stericycle, Inc. (NASDAQ:SRCL)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as $61.54 and last traded at $61.52, with a volume of 3849486 shares. The stock had previously closed at $58.90.

Wall Street Analyst Weigh In

Several equities research analysts have commented on SRCL shares. Royal Bank of Canada reissued a “sector perform” rating and issued a $62.00 target price (down from $69.00) on shares of Stericycle in a report on Tuesday, June 4th. Truist Financial boosted their price target on Stericycle from $50.00 to $62.00 and gave the stock a “hold” rating in a research note on Tuesday, June 4th. StockNews.com assumed coverage on Stericycle in a research note on Sunday, September 1st. They issued a “hold” rating for the company. Finally, Keefe, Bruyette & Woods boosted their price target on Stericycle from $135.00 to $142.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 4th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $74.00.

Stericycle Stock Performance

The company has a debt-to-equity ratio of 0.55, a current ratio of 1.13 and a quick ratio of 1.13. The business has a 50-day simple moving average of $58.58 and a 200 day simple moving average of $54.05. The firm has a market cap of $5.71 billion, a PE ratio of -267.73, a PEG ratio of 3.23 and a beta of 1.11.

Stericycle (NASDAQ:SRCL) last posted its quarterly earnings results on Thursday, July 25th. The business services provider reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.04. Stericycle had a return on equity of 7.94% and a net margin of 1.37%. The company had revenue of $661.60 million for the quarter, compared to analysts’ expectations of $672.07 million. Equities research analysts forecast that Stericycle, Inc. will post 2.29 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Capital Research Global Investors increased its holdings in shares of Stericycle by 13.4% in the 4th quarter. Capital Research Global Investors now owns 5,987,937 shares of the business services provider’s stock valued at $296,762,000 after acquiring an additional 705,586 shares during the period. First Eagle Investment Management LLC increased its holdings in shares of Stericycle by 5.2% in the 1st quarter. First Eagle Investment Management LLC now owns 242,975 shares of the business services provider’s stock valued at $12,817,000 after acquiring an additional 12,000 shares during the period. Robeco Institutional Asset Management B.V. purchased a new position in shares of Stericycle in the 4th quarter valued at $156,000. Illinois Municipal Retirement Fund purchased a new position in Stericycle during the 1st quarter worth $756,000. Finally, Sei Investments Co. grew its stake in Stericycle by 5.9% during the 1st quarter. Sei Investments Co. now owns 1,124,481 shares of the business services provider’s stock worth $59,316,000 after buying an additional 63,112 shares during the last quarter. Hedge funds and other institutional investors own 98.82% of the company’s stock.

About Stericycle

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.