Heritage-Crystal Clean (HCCI) Cut to Hold at BidaskClub

Heritage-Crystal Clean (NASDAQ:HCCI) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a report released on Thursday.

Several other equities research analysts have also recently issued reports on the company. Robert W. Baird raised their price objective on Heritage-Crystal Clean from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Friday, October 20th. Zacks Investment Research cut Heritage-Crystal Clean from a “hold” rating to a “sell” rating in a report on Thursday, October 19th. Stifel Nicolaus restated a “buy” rating and set a $23.00 price objective on shares of Heritage-Crystal Clean in a report on Thursday, October 19th. Finally, Roth Capital set a $24.00 price objective on Heritage-Crystal Clean and gave the stock a “buy” rating in a report on Friday, October 20th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $22.50.

Shares of Heritage-Crystal Clean (HCCI) opened at $21.75 on Thursday. Heritage-Crystal Clean has a fifty-two week low of $12.85 and a fifty-two week high of $22.40. The company has a current ratio of 2.51, a quick ratio of 2.02 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $501.07, a price-to-earnings ratio of 25.29, a PEG ratio of 1.68 and a beta of 1.96.

Heritage-Crystal Clean (NASDAQ:HCCI) last posted its quarterly earnings data on Wednesday, October 18th. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.03). Heritage-Crystal Clean had a return on equity of 6.76% and a net margin of 5.56%. The business had revenue of $83.33 million for the quarter, compared to analyst estimates of $85.32 million. research analysts expect that Heritage-Crystal Clean will post 0.63 EPS for the current fiscal year.

A number of institutional investors have recently modified their holdings of HCCI. Strs Ohio acquired a new position in Heritage-Crystal Clean in the third quarter valued at $132,000. Nationwide Fund Advisors boosted its holdings in Heritage-Crystal Clean by 10.0% in the second quarter. Nationwide Fund Advisors now owns 8,497 shares of the industrial products company’s stock valued at $135,000 after acquiring an additional 770 shares during the last quarter. First Trust Advisors LP acquired a new position in Heritage-Crystal Clean in the third quarter valued at $225,000. The Manufacturers Life Insurance Company boosted its holdings in Heritage-Crystal Clean by 18.3% in the second quarter. The Manufacturers Life Insurance Company now owns 14,315 shares of the industrial products company’s stock valued at $227,000 after acquiring an additional 2,214 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its holdings in Heritage-Crystal Clean by 26.1% in the second quarter. New York State Common Retirement Fund now owns 14,500 shares of the industrial products company’s stock valued at $231,000 after acquiring an additional 2,999 shares during the last quarter. Hedge funds and other institutional investors own 58.56% of the company’s stock.

TRADEMARK VIOLATION WARNING: This piece was first posted by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this piece on another website, it was copied illegally and reposted in violation of international trademark and copyright laws. The correct version of this piece can be viewed at https://www.chaffeybreeze.com/2018/01/04/heritage-crystal-clean-hcci-cut-to-hold-at-bidaskclub.html.

About Heritage-Crystal Clean

Heritage-Crystal Clean, Inc provides full-service parts cleaning, containerized waste management, used oil collection, vacuum truck services and antifreeze recycling. The Company owns and operates a used oil re-refinery. The Company operates through two segments: Environmental Services and Oil Business.

Analyst Recommendations for Heritage-Crystal Clean (NASDAQ:HCCI)

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

Latest News

Leave a Reply