Stericycle (NASDAQ:SRCL) Raised to “Hold” at BidaskClub

BidaskClub upgraded shares of Stericycle (NASDAQ:SRCL) from a sell rating to a hold rating in a research report released on Saturday, BidAskClub reports.

Other research analysts have also issued reports about the stock. Bank of America reissued an underperform rating and set a $44.00 target price (down from $46.00) on shares of Stericycle in a research note on Wednesday, July 17th. Robert W. Baird raised shares of Stericycle from an underperform rating to a neutral rating and set a $44.00 target price on the stock in a research note on Friday, August 2nd. Finally, ValuEngine raised shares of Stericycle from a strong sell rating to a sell rating in a research note on Tuesday, August 6th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $51.80.

SRCL opened at $53.96 on Friday. The stock has a market cap of $4.93 billion, a PE ratio of 16.97, a price-to-earnings-growth ratio of 2.62 and a beta of 1.24. Stericycle has a twelve month low of $34.36 and a twelve month high of $58.73. The company has a fifty day moving average of $49.63 and a 200-day moving average of $48.79. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.18.

Stericycle (NASDAQ:SRCL) last issued its earnings results on Thursday, August 1st. The business services provider reported $0.56 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by ($0.27). The company had revenue of $845.80 million for the quarter, compared to the consensus estimate of $843.95 million. Stericycle had a positive return on equity of 10.90% and a negative net margin of 10.73%. The firm’s revenue was down 4.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.17 earnings per share. Sell-side analysts anticipate that Stericycle will post 2.59 EPS for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the business. First Bank & Trust bought a new position in shares of Stericycle in the second quarter valued at $28,000. Griffin Asset Management Inc. bought a new position in shares of Stericycle in the second quarter valued at $62,000. North Star Investment Management Corp. bought a new position in shares of Stericycle in the third quarter valued at $83,000. First Mercantile Trust Co. lifted its stake in shares of Stericycle by 441.2% in the second quarter. First Mercantile Trust Co. now owns 2,273 shares of the business services provider’s stock valued at $109,000 after buying an additional 1,853 shares in the last quarter. Finally, Financial Gravity Wealth Inc. lifted its stake in shares of Stericycle by 81,533.3% in the second quarter. Financial Gravity Wealth Inc. now owns 2,449 shares of the business services provider’s stock valued at $117,000 after buying an additional 2,446 shares in the last quarter.

About Stericycle

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 operates through three segments: Domestic and Canada Regulated Waste and Compliance; International Regulated Waste and Compliance; and Domestic Communication and Related Services.

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Analyst Recommendations for Stericycle (NASDAQ:SRCL)

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