BMO Capital Markets Lowers Clean Harbors, Inc. (CLH) Price Target to $59.00

Clean Harbors, Inc. (NYSE:CLH) had its price target reduced by equities research analysts at BMO Capital Markets from $65.00 to $59.00 in a research report issued on Thursday, November 2nd. The firm currently has an “outperform” rating on the business services provider’s stock. BMO Capital Markets’ target price would suggest a potential upside of 12.49% from the stock’s previous close.

CLH has been the subject of a number of other research reports. Barclays PLC upgraded shares of Clean Harbors from an “underweight” rating to an “equal weight” rating and set a $50.00 target price for the company in a report on Monday, August 7th. BidaskClub cut shares of Clean Harbors from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 2nd. Canaccord Genuity reaffirmed a “hold” rating and set a $57.00 price objective on shares of Clean Harbors in a research report on Wednesday, August 9th. KeyCorp reaffirmed a “hold” rating on shares of Clean Harbors in a research report on Wednesday, November 1st. Finally, ValuEngine raised shares of Clean Harbors from a “sell” rating to a “hold” rating in a research report on Thursday, August 31st. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. Clean Harbors currently has an average rating of “Hold” and an average price target of $61.00.

Shares of Clean Harbors (CLH) opened at $52.45 on Thursday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.86 and a current ratio of 2.19. Clean Harbors has a 12 month low of $49.63 and a 12 month high of $61.62. The stock has a market cap of $2,978.19, a PE ratio of 261.55 and a beta of 1.04.

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In other Clean Harbors news, EVP Brian P. Weber sold 490 shares of the company’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $56.18, for a total value of $27,528.20. Following the sale, the executive vice president now owns 59,413 shares of the company’s stock, valued at $3,337,822.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Eric W. Gerstenberg sold 4,667 shares of the company’s stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $50.42, for a total transaction of $235,310.14. Following the transaction, the chief operating officer now directly owns 91,950 shares in the company, valued at approximately $4,636,119. The disclosure for this sale can be found here. Insiders have sold 7,187 shares of company stock worth $373,083 over the last 90 days. 8.90% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. lifted its stake in shares of Clean Harbors by 11,874.0% during the first quarter. BlackRock Inc. now owns 4,345,138 shares of the business services provider’s stock valued at $241,676,000 after buying an additional 4,308,850 shares during the period. Vanguard Group Inc. lifted its stake in shares of Clean Harbors by 1.7% during the second quarter. Vanguard Group Inc. now owns 4,116,699 shares of the business services provider’s stock valued at $229,836,000 after buying an additional 68,590 shares during the period. Fuller & Thaler Asset Management Inc. lifted its stake in shares of Clean Harbors by 0.7% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 2,260,372 shares of the business services provider’s stock valued at $128,163,000 after buying an additional 14,789 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Clean Harbors by 0.8% during the third quarter. Dimensional Fund Advisors LP now owns 1,903,264 shares of the business services provider’s stock valued at $107,915,000 after buying an additional 15,654 shares during the period. Finally, State Street Corp lifted its stake in shares of Clean Harbors by 1.6% during the second quarter. State Street Corp now owns 1,373,858 shares of the business services provider’s stock valued at $76,701,000 after buying an additional 21,037 shares during the period. 93.81% of the stock is currently owned by institutional investors and hedge funds.

Clean Harbors Company Profile

Clean Harbors, Inc is a provider of environmental, energy and industrial services throughout North America. The Company is also a re-refiner and recycler of used oil in the world and a provider of parts cleaning and related environmental services to commercial, industrial and automotive customers in North America.

Analyst Recommendations for Clean Harbors (NYSE:CLH)

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