StockNews.com Initiates Coverage on Stericycle (NASDAQ:SRCL)

Analysts at StockNews.com started coverage on shares of Stericycle (NASDAQ:SRCL) in a research report issued to clients and investors on Monday. The firm set a “hold” rating on the business services provider’s stock.

Several other equities research analysts have also weighed in on SRCL. Truist Financial boosted their target price on 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 reaffirmed a “sector perform” rating and issued a $62.00 price target (down from $69.00) on shares of Stericycle in a research report on Tuesday, June 4th. Keefe, Bruyette & Woods lifted their price target on Stericycle from $135.00 to $142.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 4th. Finally, Robert W. Baird dropped their price target on Stericycle from $62.00 to $55.00 and set a “neutral” rating on the stock in a research report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Stericycle currently has a consensus rating of “Hold” and an average price target of $74.00.

Stericycle Stock Down 0.0 %

SRCL opened at $58.13 on Monday. The business has a 50 day moving average price of $54.48 and a 200 day moving average price of $51.51. Stericycle has a twelve month low of $37.78 and a twelve month high of $59.45. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a market cap of $5.40 billion, a P/E ratio of -264.23, a price-to-earnings-growth ratio of 3.14 and a beta of 1.11.

Stericycle (NASDAQ:SRCL) last posted its earnings results on Thursday, April 25th. The business services provider reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.03. Stericycle had a positive return on equity of 7.31% and a negative net margin of 0.74%. The firm had revenue of $664.90 million during the quarter, compared to analyst estimates of $676.42 million. During the same period in the previous year, the company earned $0.49 EPS. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. Research analysts forecast that Stericycle will post 2.32 EPS for the current year.

Institutional Trading of Stericycle

A number of institutional investors and hedge funds have recently modified their holdings of SRCL. Clearstead Trust LLC bought a new stake in shares of Stericycle during the first quarter valued at approximately $25,000. Principal Securities Inc. bought a new stake in Stericycle in the fourth quarter valued at $41,000. GAMMA Investing LLC grew its position in Stericycle by 170.9% in the first quarter. GAMMA Investing LLC now owns 818 shares of the business services provider’s stock valued at $43,000 after acquiring an additional 516 shares during the period. TFO Wealth Partners LLC grew its position in Stericycle by 22,325.0% in the fourth quarter. TFO Wealth Partners LLC now owns 897 shares of the business services provider’s stock valued at $44,000 after acquiring an additional 893 shares during the period. Finally, Headlands Technologies LLC bought a new stake in Stericycle in the first quarter valued at $44,000. 98.82% of the stock is currently owned by institutional investors.

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.