Stericycle, Inc. (NASDAQ:SRCL) has been given an average recommendation of “Hold” by the fifteen analysts that are currently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and six have given a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $80.91.
Several research analysts have weighed in on the company. Jefferies Group LLC set a $108.00 price objective on Stericycle and gave the stock a “buy” rating in a research report on Friday, August 11th. BidaskClub cut Stericycle from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. Barclays PLC reissued an “overweight” rating and issued a $100.00 price objective on shares of Stericycle in a research report on Wednesday, August 9th. Zacks Investment Research cut Stericycle from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, BMO Capital Markets assumed coverage on Stericycle in a research report on Thursday, June 29th. They issued a “market perform” rating and a $81.00 price objective on the stock.
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Several institutional investors and hedge funds have recently modified their holdings of the business. Fulton Bank N.A. raised its stake in shares of Stericycle by 23.2% in the third quarter. Fulton Bank N.A. now owns 4,426 shares of the business services provider’s stock valued at $317,000 after buying an additional 834 shares during the period. Sentry Investment Management LLC raised its stake in shares of Stericycle by 1.1% in the second quarter. Sentry Investment Management LLC now owns 6,418 shares of the business services provider’s stock valued at $490,000 after buying an additional 70 shares during the period. Toronto Dominion Bank raised its stake in shares of Stericycle by 25.8% in the second quarter. Toronto Dominion Bank now owns 28,883 shares of the business services provider’s stock valued at $2,204,000 after buying an additional 5,926 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of Stericycle in the second quarter valued at $728,000. Finally, Gofen & Glossberg LLC IL raised its stake in shares of Stericycle by 0.4% in the second quarter. Gofen & Glossberg LLC IL now owns 63,691 shares of the business services provider’s stock valued at $4,861,000 after buying an additional 225 shares during the period. Hedge funds and other institutional investors own 93.58% of the company’s stock.
Shares of Stericycle (NASDAQ SRCL) opened at 71.58 on Friday. The company’s market cap is $6.11 billion. The company has a 50-day moving average price of $71.29 and a 200-day moving average price of $77.91. Stericycle has a 1-year low of $68.62 and a 1-year high of $88.00.
Stericycle (NASDAQ:SRCL) last posted its quarterly earnings data on Thursday, August 3rd. The business services provider reported $1.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.02. Stericycle had a positive return on equity of 14.35% and a negative net margin of 0.07%. The business had revenue of $917.70 million for the quarter, compared to analysts’ expectations of $902.81 million. During the same quarter in the previous year, the firm earned $1.18 earnings per share. The business’s revenue was up 2.9% on a year-over-year basis. Equities research analysts expect that Stericycle will post $4.59 earnings per share for the current fiscal year.
Stericycle Company Profile
Stericycle, Inc is a business-to-business services provider. The Company focuses on regulated and compliance solutions for healthcare, retail, and commercial businesses. The Company’s segments include Domestic and Canada Regulated Waste and Compliance Services (RCS), Domestic Communication and Related Services (CRS), International RCS and All other.
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