Stericycle (NASDAQ:SRCL) Sees Strong Trading Volume

Stericycle, Inc. (NASDAQ:SRCL) shares saw an uptick in trading volume on Tuesday . 780,511 shares were traded during mid-day trading, a decline of 28% from the previous session’s volume of 1,076,847 shares.The stock last traded at $61.67 and had previously closed at $61.62.

Analysts Set New Price Targets

A number of analysts have weighed in on SRCL shares. StockNews.com began coverage on shares of Stericycle in a research note on Monday. They set a “hold” rating on the stock. Truist Financial upped 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. Keefe, Bruyette & Woods lifted their price target on Stericycle from $135.00 to $142.00 and gave the company an “outperform” rating in a research note on Tuesday, June 4th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $62.00 price objective (down previously from $69.00) on shares of Stericycle in a research note on Tuesday, June 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Stericycle currently has a consensus rating of “Hold” and a consensus target price of $74.00.

Stericycle Trading Down 0.0 %

The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.55. The company has a market cap of $5.73 billion, a price-to-earnings ratio of -280.32, a PEG ratio of 3.36 and a beta of 1.11. The firm has a 50 day moving average price of $58.86 and a two-hundred day moving average price of $54.42.

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in SRCL. Clearstead Trust LLC bought a new stake in shares of Stericycle during the 1st quarter valued at about $25,000. Principal Securities Inc. bought a new position in shares of Stericycle during the 4th quarter worth approximately $41,000. GAMMA Investing LLC grew its position in shares of Stericycle by 170.9% during the 1st quarter. GAMMA Investing LLC now owns 818 shares of the business services provider’s stock worth $43,000 after buying an additional 516 shares during the period. TFO Wealth Partners LLC increased its stake in shares of Stericycle by 22,325.0% in the 4th 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 in the last quarter. Finally, Headlands Technologies LLC acquired a new position in shares of Stericycle during the 1st quarter valued at $44,000. 98.82% of the stock is 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.