Stericycle, Inc. (NASDAQ:SRCL) had its price target trimmed by Royal Bank Of Canada from $74.00 to $67.00 in a report released on Thursday morning, MarketBeat.com reports. The firm currently has an underperform rating on the business services provider’s stock.
A number of other analysts have also recently commented on SRCL. Jefferies Group LLC set a $108.00 price objective on shares of Stericycle and gave the company a buy rating in a research report on Tuesday, October 17th. Zacks Investment Research cut Stericycle from a buy rating to a hold rating in a report on Monday, August 7th. William Blair restated an ourperform rating on shares of Stericycle in a report on Thursday, September 14th. Barclays PLC restated an overweight rating and issued a $100.00 price objective on shares of Stericycle in a report on Wednesday, August 9th. Finally, BidaskClub upgraded shares of Stericycle from a strong sell rating to a sell rating in a research note on Monday, July 24th. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $77.17.
Stericycle (NASDAQ SRCL) traded down $0.04 during mid-day trading on Thursday, hitting $64.02. The stock had a trading volume of 1,738,000 shares, compared to its average volume of 880,936. The company has a market cap of $5,465.58, a price-to-earnings ratio of 14.75, a P/E/G ratio of 1.75 and a beta of 0.19. Stericycle has a 52 week low of $61.62 and a 52 week high of $88.00. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.87 and a current ratio of 0.82.
Stericycle (NASDAQ:SRCL) last released its quarterly earnings results on Wednesday, November 8th. The business services provider reported $1.10 EPS for the quarter, missing the Zacks’ consensus estimate of $1.14 by ($0.04). Stericycle had a positive return on equity of 13.93% and a negative net margin of 0.79%. The business had revenue of $883.00 million for the quarter, compared to the consensus estimate of $896.81 million. During the same quarter last year, the company earned $1.24 earnings per share. The firm’s revenue was down .8% on a year-over-year basis. research analysts expect that Stericycle will post 4.49 earnings per share for the current fiscal year.
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In related news, Director Mark C. Miller sold 19,753 shares of the stock in a transaction on Monday, October 30th. The shares were sold at an average price of $70.52, for a total transaction of $1,392,981.56. Following the transaction, the director now owns 205,576 shares of the company’s stock, valued at approximately $14,497,219.52. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.30% of the stock is owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in SRCL. JPMorgan Chase & Co. grew its holdings in shares of Stericycle by 34.6% during the 1st quarter. JPMorgan Chase & Co. now owns 16,839 shares of the business services provider’s stock valued at $1,396,000 after purchasing an additional 4,331 shares during the last quarter. OppenheimerFunds Inc. grew its holdings in shares of Stericycle by 1.2% during the 1st quarter. OppenheimerFunds Inc. now owns 5,266 shares of the business services provider’s stock valued at $436,000 after purchasing an additional 60 shares during the last quarter. Wellington Management Group LLP bought a new position in shares of Stericycle during the 1st quarter valued at $292,000. Teachers Advisors LLC grew its holdings in shares of Stericycle by 6.7% during the 1st quarter. Teachers Advisors LLC now owns 96,652 shares of the business services provider’s stock valued at $8,011,000 after purchasing an additional 6,069 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Stericycle by 55.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 377,242 shares of the business services provider’s stock valued at $31,264,000 after purchasing an additional 134,803 shares during the last quarter. 94.13% of the stock is currently owned by institutional investors.
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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