Zacks: Analysts Set $5.00 Target Price for Quest Resource Holding Corp (QRHC)

Quest Resource Holding Corp (NASDAQ:QRHC) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy recommendation.

Brokers have set a 1 year consensus price objective of $5.00 for the company and are predicting that the company will post ($0.02) EPS for the current quarter, according to Zacks. Zacks has also assigned Quest Resource an industry rank of 60 out of 257 based on the ratings given to its competitors.

Separately, HC Wainwright reduced their price target on Quest Resource from $5.00 to $4.00 and set a “buy” rating for the company in a research report on Tuesday, August 21st.

Shares of QRHC traded down $0.13 during mid-day trading on Friday, hitting $2.27. The stock had a trading volume of 100 shares, compared to its average volume of 42,568. The firm has a market cap of $36.45 million, a PE ratio of -6.00 and a beta of 2.59. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.18 and a quick ratio of 1.18. Quest Resource has a 52 week low of $1.11 and a 52 week high of $3.10.

Quest Resource (NASDAQ:QRHC) last issued its earnings results on Tuesday, August 14th. The business services provider reported ($0.04) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.02. The firm had revenue of $27.93 million for the quarter, compared to analyst estimates of $27.13 million. Quest Resource had a negative return on equity of 7.29% and a negative net margin of 4.21%. Sell-side analysts anticipate that Quest Resource will post -0.11 earnings per share for the current fiscal year.

In other news, Director Mitchell A. Saltz sold 20,000 shares of Quest Resource stock in a transaction on Friday, September 21st. The stock was sold at an average price of $2.58, for a total value of $51,600.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mitchell A. Saltz sold 26,500 shares of Quest Resource stock in a transaction on Monday, September 24th. The shares were sold at an average price of $2.57, for a total value of $68,105.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 75,000 shares of company stock valued at $196,940. 48.06% of the stock is owned by company insiders.

A hedge fund recently bought a new stake in Quest Resource stock. Essex Investment Management Co. LLC purchased a new stake in Quest Resource Holding Corp (NASDAQ:QRHC) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 59,618 shares of the business services provider’s stock, valued at approximately $153,000. Essex Investment Management Co. LLC owned approximately 0.39% of Quest Resource as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 13.41% of the company’s stock.

About Quest Resource

Quest Resource Holding Corporation, through its subsidiaries, provides solutions for the reuse, recycle, and dispose various waste streams and recyclables in the United States. The company offers recycling and waste management services for motor oil, oil filters, scrap tires, grease and cooking oil, food waste, and expired food products; and various other materials, such as glass, cardboard, paper, and metal, as well as hazardous materials, plastics, construction debris, batteries, mercury, lights, regulated waste, electronic devices, and industrial cleaning products.

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