Stericycle, Inc. (SRCL) Price Target Cut to $62.00

Stericycle, Inc. (NASDAQ:SRCL) had its target price reduced by BMO Capital Markets from $74.00 to $62.00 in a research report report published on Friday morning. They currently have a market perform rating on the business services provider’s stock.

A number of other analysts have also commented on the stock. William Blair reaffirmed an ourperform rating on shares of Stericycle in a report on Thursday, September 14th. Jefferies Group LLC set a $108.00 target price on shares of Stericycle and gave the stock a buy rating in a report on Thursday, August 3rd. Zacks Investment Research lowered shares of Stericycle from a hold rating to a sell rating in a report on Wednesday, October 4th. Royal Bank Of Canada lowered their target price on shares of Stericycle from $74.00 to $67.00 and set an underperform rating for the company in a report on Thursday, November 9th. Finally, BidaskClub raised shares of Stericycle from a strong sell rating to a sell rating in a report on Monday, July 24th. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $77.17.

Stericycle (NASDAQ:SRCL) traded up $0.04 on Friday, reaching $64.06. 827,100 shares of the company’s stock were exchanged, compared to its average volume of 818,588. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.93. Stericycle has a 12-month low of $61.62 and a 12-month high of $88.00. The firm has a market cap of $5,465.57, a price-to-earnings ratio of 14.75, a PEG ratio of 1.75 and a beta of 0.19.

Stericycle (NASDAQ:SRCL) last released its earnings results on Wednesday, November 8th. The business services provider reported $1.10 EPS for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $896.81 million. During the same period in the prior year, the firm posted $1.24 EPS. Stericycle’s revenue was down .8% on a year-over-year basis. equities analysts forecast that Stericycle will post 4.49 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “Stericycle, Inc. (SRCL) Price Target Cut to $62.00” was first published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this story on another site, it was stolen and reposted in violation of U.S. & international copyright and trademark law. The legal version of this story can be viewed at https://www.chaffeybreeze.com/2017/11/14/stericycle-inc-srcl-price-target-cut-to-62-00.html.

In related news, Director Mark C. Miller sold 19,753 shares of the business’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $70.52, for a total value of $1,392,981.56. Following the sale, the director now directly 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 Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.30% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Stericycle by 0.4% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,335 shares of the business services provider’s stock valued at $483,000 after acquiring an additional 24 shares in the last quarter. RiverPoint Capital Management LLC lifted its position in Stericycle by 0.6% in the 2nd quarter. RiverPoint Capital Management LLC now owns 5,152 shares of the business services provider’s stock valued at $393,000 after acquiring an additional 29 shares in the last quarter. OppenheimerFunds Inc. lifted its position in Stericycle by 1.2% in the 1st quarter. OppenheimerFunds Inc. now owns 5,266 shares of the business services provider’s stock valued at $436,000 after acquiring an additional 60 shares in the last quarter. Sentry Investment Management LLC lifted its position in Stericycle by 1.1% in the 2nd quarter. Sentry Investment Management LLC now owns 6,418 shares of the business services provider’s stock valued at $490,000 after acquiring an additional 70 shares in the last quarter. Finally, Great Lakes Advisors LLC lifted its position in Stericycle by 0.6% in the 2nd quarter. Great Lakes Advisors LLC now owns 14,141 shares of the business services provider’s stock valued at $1,079,000 after acquiring an additional 84 shares in the last quarter. 94.19% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Stericycle (NASDAQ:SRCL)

Receive News & Ratings for Stericycle Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stericycle Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply