Stericycle (NASDAQ:SRCL) Receives New Coverage from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Stericycle (NASDAQ:SRCL) in a research note published on Thursday morning. The brokerage issued a hold rating on the business services provider’s stock.

SRCL has been the topic of several other research reports. Keefe, Bruyette & Woods increased their price target on Stericycle from $135.00 to $142.00 and gave the company an outperform rating in a report on Tuesday, June 4th. Royal Bank of Canada restated a sector perform rating and set a $62.00 price target (down previously from $69.00) on shares of Stericycle in a report on Tuesday, June 4th. Robert W. Baird decreased their price target on Stericycle from $62.00 to $55.00 and set a neutral rating on the stock in a report on Friday, April 26th. Finally, Truist Financial increased their price target on Stericycle from $50.00 to $62.00 and gave the company a hold rating in a report 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 assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of Hold and a consensus price target of $74.00.

Stericycle Stock Performance

NASDAQ SRCL opened at $58.75 on Thursday. The company has a market cap of $5.45 billion, a P/E ratio of -267.05, a P/E/G ratio of 3.18 and a beta of 1.11. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.13 and a current ratio of 1.13. The business’s 50 day moving average price is $58.39 and its 200-day moving average price is $52.78. Stericycle has a fifty-two week low of $37.78 and a fifty-two week high of $59.45.

Institutional Trading of Stericycle

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Stericycle by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 8,969,118 shares of the business services provider’s stock worth $444,509,000 after purchasing an additional 52,576 shares during the period. Capital Research Global Investors grew its position in shares of Stericycle by 11.4% during the 1st quarter. Capital Research Global Investors now owns 6,667,911 shares of the business services provider’s stock worth $351,732,000 after buying an additional 679,974 shares in the last quarter. Earnest Partners LLC grew its position in shares of Stericycle by 12.4% during the 1st quarter. Earnest Partners LLC now owns 2,460,020 shares of the business services provider’s stock worth $129,766,000 after buying an additional 271,025 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Stericycle by 7.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,171,659 shares of the business services provider’s stock worth $126,238,000 after buying an additional 142,814 shares in the last quarter. Finally, Schroder Investment Management Group grew its position in shares of Stericycle by 8.1% during the 4th quarter. Schroder Investment Management Group now owns 1,739,644 shares of the business services provider’s stock worth $86,217,000 after buying an additional 129,822 shares in the last quarter. Hedge funds and other institutional investors 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.