Stericycle (SRCL) Upgraded at BidaskClub

BidaskClub upgraded shares of Stericycle (NASDAQ:SRCL) from a strong sell rating to a sell rating in a research note issued to investors on Saturday.

Other equities research analysts have also issued reports about the stock. Northcoast Research restated a neutral rating on shares of Stericycle in a report on Friday, October 12th. Robert W. Baird restated a hold rating and issued a $70.00 price objective on shares of Stericycle in a report on Friday, August 3rd. Zacks Investment Research upgraded shares of Stericycle from a sell rating to a hold rating in a report on Tuesday, August 28th. Barrington Research set a $64.00 price objective on shares of Stericycle and gave the company a buy rating in a report on Tuesday, November 13th. They noted that the move was a valuation call. Finally, Bank of America reduced their price objective on shares of Stericycle from $53.00 to $50.00 and set an underperform rating on the stock in a report on Friday, November 2nd. Five research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. Stericycle has a consensus rating of Hold and a consensus target price of $64.38.

Stericycle stock opened at $47.52 on Friday. The company has a market cap of $4.35 billion, a price-to-earnings ratio of 10.95, a price-to-earnings-growth ratio of 1.25 and a beta of 0.51. Stericycle has a 52-week low of $44.15 and a 52-week high of $76.73. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.93.

Stericycle (NASDAQ:SRCL) last released its earnings results on Thursday, November 1st. The business services provider reported $1.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.02. The company had revenue of $854.90 million for the quarter, compared to analyst estimates of $856.36 million. Stericycle had a net margin of 4.63% and a return on equity of 13.74%. The firm’s quarterly revenue was down 3.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.10 EPS. Equities analysts expect that Stericycle will post 4.37 earnings per share for the current fiscal year.

Large investors have recently made changes to their positions in the stock. Zions Bancorporation acquired a new stake in Stericycle during the 3rd quarter worth $130,000. Dupont Capital Management Corp raised its stake in Stericycle by 102.2% during the 2nd quarter. Dupont Capital Management Corp now owns 2,089 shares of the business services provider’s stock worth $136,000 after acquiring an additional 1,056 shares in the last quarter. Pflug Koory LLC raised its stake in Stericycle by 106.6% during the 3rd quarter. Pflug Koory LLC now owns 2,810 shares of the business services provider’s stock worth $165,000 after acquiring an additional 1,450 shares in the last quarter. NumerixS Investment Technologies Inc raised its stake in Stericycle by 285.0% during the 2nd quarter. NumerixS Investment Technologies Inc now owns 2,695 shares of the business services provider’s stock worth $174,000 after acquiring an additional 1,995 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec acquired a new stake in Stericycle during the 2nd quarter worth $210,000. Hedge funds and other institutional investors own 96.58% of the company’s stock.

Stericycle Company Profile

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 collects and processes regulated and specialized waste for disposal services; and collects personal and confidential information for secure destruction, as well as offers training, consulting, recall/return, communication, and compliance services.

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Analyst Recommendations for Stericycle (NASDAQ:SRCL)

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