Stericycle (SRCL) PT Lowered to $51.00 at BMO Capital Markets

Stericycle (NASDAQ:SRCL) had its price objective lowered by BMO Capital Markets from $58.00 to $51.00 in a research note issued to investors on Tuesday, The Fly reports. The firm currently has a “market perform” rating on the business services provider’s stock. BMO Capital Markets’ price target would indicate a potential upside of 5.02% from the company’s current price.

Other analysts have also issued reports about the company. Jefferies Financial Group set a $75.00 price objective on Stericycle and gave the company a “buy” rating in a report on Thursday, August 2nd. BidaskClub lowered Stericycle from a “strong-buy” rating to a “buy” rating in a report on Friday, September 14th. Barrington Research set a $72.00 price objective on Stericycle and gave the company a “buy” rating in a report on Friday, October 5th. Zacks Investment Research raised Stericycle from a “sell” rating to a “hold” rating in a report on Monday, October 1st. Finally, Robert W. Baird reissued a “hold” rating and issued a $70.00 price objective on shares of Stericycle in a report on Friday, August 3rd. Five investment analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $65.38.

Shares of Stericycle stock opened at $48.56 on Tuesday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market capitalization of $4.24 billion, a P/E ratio of 11.19, a PEG ratio of 1.21 and a beta of 0.52. Stericycle has a fifty-two week low of $45.55 and a fifty-two week high of $76.73.

Stericycle (NASDAQ:SRCL) last announced its quarterly earnings data on Thursday, November 1st. The business services provider reported $1.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.02. The firm had revenue of $854.90 million during the quarter, compared to analyst estimates of $856.36 million. Stericycle had a return on equity of 13.74% and a net margin of 4.63%. Stericycle’s quarterly revenue was down 3.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.10 earnings per share. Equities research analysts anticipate that Stericycle will post 4.38 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of SRCL. Whittier Trust Co. grew its holdings in shares of Stericycle by 362.6% during the second quarter. Whittier Trust Co. now owns 1,087 shares of the business services provider’s stock valued at $129,000 after purchasing an additional 852 shares during the last quarter. Zions Bancorporation bought a new position in shares of Stericycle during the third quarter valued at approximately $130,000. Dupont Capital Management Corp grew its holdings in shares of Stericycle by 102.2% during the second quarter. Dupont Capital Management Corp now owns 2,089 shares of the business services provider’s stock valued at $136,000 after purchasing an additional 1,056 shares during the last quarter. Pflug Koory LLC grew its holdings in shares of Stericycle by 106.6% during the third quarter. Pflug Koory LLC now owns 2,810 shares of the business services provider’s stock valued at $165,000 after purchasing an additional 1,450 shares during the last quarter. Finally, NumerixS Investment Technologies Inc grew its holdings in shares of Stericycle by 285.0% during the second quarter. NumerixS Investment Technologies Inc now owns 2,695 shares of the business services provider’s stock valued at $174,000 after purchasing an additional 1,995 shares during the last quarter. 95.11% of the stock is owned by institutional investors.

Stericycle Company Profile

Stericycle, Inc, together with its subsidiaries, provides regulated and compliance solutions to the healthcare, retail, and commercial businesses in the United States and internationally. It collects and processes regulated and specialized waste for disposal services; and collects personal and confidential information for secure destruction, as well as offers training, consulting, recall/return, communication, and compliance services.

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Analyst Recommendations for Stericycle (NASDAQ:SRCL)

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