TD Cowen Issues Positive Forecast for Clean Harbors (NYSE:CLH) Stock Price

Clean Harbors (NYSE:CLH) had its target price boosted by equities research analysts at TD Cowen from $390.00 to $395.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the business services provider’s stock. TD Cowen‘s target price indicates a potential upside of 28.42% from the stock’s current price.

CLH has been the topic of several other reports. Weiss Ratings upgraded Clean Harbors from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, September 24th. Barclays upped their price target on Clean Harbors from $325.00 to $335.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 8th. UBS Group raised Clean Harbors from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $325.00 to $375.00 in a research report on Wednesday, October 21st. BMO Capital Markets reiterated an “outperform” rating and set a $364.00 price objective on shares of Clean Harbors in a research note on Thursday, October 15th. Finally, Wells Fargo & Company boosted their price objective on Clean Harbors from $313.00 to $349.00 and gave the company an “equal weight” rating in a research note on Friday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $365.00.

Clean Harbors Stock Performance

Shares of Clean Harbors stock traded down $5.68 on Thursday, hitting $307.58. 206,413 shares of the company’s stock were exchanged, compared to its average volume of 488,857. The company has a 50-day simple moving average of $316.64 and a 200-day simple moving average of $297.20. The stock has a market capitalization of $16.24 billion, a PE ratio of 37.31, a PEG ratio of 1.85 and a beta of 0.87. Clean Harbors has a 1 year low of $201.34 and a 1 year high of $335.94. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.80 and a current ratio of 2.13.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings data on Wednesday, October 28th. The business services provider reported $3.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.26 by $0.67. The firm had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.73 billion. Clean Harbors had a net margin of 7.03% and a return on equity of 15.65%. The company’s revenue for the quarter was up 20.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.21 EPS. As a group, equities analysts anticipate that Clean Harbors will post 9.94 EPS for the current year.

Insider Activity at Clean Harbors

In other Clean Harbors news, CEO Eric Gerstenberg sold 2,500 shares of the stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $321.34, for a total transaction of $803,350.00. Following the completion of the sale, the chief executive officer directly owned 56,793 shares of the company’s stock, valued at $18,249,862.62. This trade represents a 4.22% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Andrea Robertson sold 789 shares of Clean Harbors stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $314.01, for a total transaction of $247,753.89. Following the sale, the director owned 8,979 shares in the company, valued at approximately $2,819,495.79. The trade was a 8.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 5.00% of the company’s stock.

Institutional Trading of Clean Harbors

Institutional investors and hedge funds have recently bought and sold shares of the stock. Fideuram Intesa Sanpaolo Private Banking S.P.A. lifted its stake in shares of Clean Harbors by 94.4% in the 1st quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. now owns 16,997 shares of the business services provider’s stock valued at $4,874,000 after purchasing an additional 8,252 shares during the last quarter. WINTON GROUP Ltd bought a new stake in Clean Harbors in the second quarter worth $2,617,000. Bessemer Group Inc. boosted its stake in Clean Harbors by 1.8% during the first quarter. Bessemer Group Inc. now owns 932,027 shares of the business services provider’s stock worth $267,239,000 after buying an additional 16,747 shares during the period. Y.D. More Investments Ltd purchased a new position in Clean Harbors during the first quarter worth $524,000. Finally, Bank of America Corp DE bought a new position in Clean Harbors during the second quarter valued at $142,801,000. 90.43% of the stock is currently owned by institutional investors.

Clean Harbors News Roundup

Here are the key news stories impacting Clean Harbors this week:

• Positive Sentiment: Record quarterly performance: Third-quarter revenue rose 21% year over year to $1.87 billion, exceeding the $1.73 billion consensus estimate. Adjusted earnings of $3.93 per share also surpassed expectations, while earnings increased substantially from $2.21 per share a year earlier. Clean Harbors Announces Third-Quarter 2026 Financial Results
• Positive Sentiment: Guidance raised: Management increased full-year adjusted EBITDA guidance to a midpoint of $1.46 billion, signaling continued demand for environmental and industrial services and sustainable products. Clean Harbors: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Growth investments and demand: Clean Harbors disclosed plans for a $55 million Los Angeles-area hub, while a roughly $120 million emergency-response project helped drive quarterly results. These developments highlight potential capacity expansion, although the emergency work may not recur at the same level. Clean Harbors reveals $55M Los Angeles hub, co-CEO’s retirement
• Neutral Sentiment: CEO transition: Eric Gerstenberg will become sole CEO on January 1, 2027, when Co-CEO and director Mike Battles retires. Battles will remain a strategic adviser during 2027, which may support continuity but creates a near-term execution and succession issue for investors to monitor. Clean Harbors Announces Eric Gerstenberg as CEO
• Negative Sentiment: Valuation and profit-taking: With CLH trading near its 12-month high and at a relatively elevated earnings multiple, investors may be taking profits after the strong rally. Broker commentary also raised questions about whether the shares are fully valued, limiting the immediate upside from the earnings beat. Clean Harbors Broker Upgrades Raise Valuation Questions

Clean Harbors Company Profile

Clean Harbors, Inc provides environmental, energy and industrial services to customers across North America. The company serves a broad range of industries, including manufacturing, government, utilities, energy and transportation, helping customers manage hazardous and non-hazardous materials, maintain industrial facilities and respond to environmental emergencies.

Its services include hazardous waste collection, transportation, treatment and disposal; incineration; recycling and waste-to-fuel programs; wastewater treatment; and used-oil collection and re-refining.