A number of other analysts have also weighed in on the company. Royal Bank of Canada began coverage on Stericycle in a research note on Wednesday, November 27th. They set an “outperform” rating and a $75.00 price objective for the company. TheStreet upgraded shares of Stericycle from a “d+” rating to a “c-” rating in a report on Thursday, October 31st. Finally, Jefferies Financial Group initiated coverage on shares of Stericycle in a research note on Wednesday, November 27th. They issued a “hold” rating and a $68.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $57.43.
NASDAQ SRCL opened at $65.71 on Friday. The firm has a market cap of $5.92 billion, a PE ratio of 21.94, a price-to-earnings-growth ratio of 3.09 and a beta of 1.27. Stericycle has a 1-year low of $34.36 and a 1-year high of $66.28. The stock has a 50-day moving average of $59.84 and a 200-day moving average of $50.09. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.19.
In related news, EVP Daniel Ginnetti sold 6,000 shares of the firm’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $55.47, for a total value of $332,820.00. Following the sale, the executive vice president now directly owns 15,943 shares of the company’s stock, valued at $884,358.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.30% of the company’s stock.
A number of large investors have recently made changes to their positions in SRCL. Metropolitan Life Insurance Co NY lifted its holdings in Stericycle by 4.0% in the 3rd quarter. Metropolitan Life Insurance Co NY now owns 25,382 shares of the business services provider’s stock worth $1,293,000 after buying an additional 982 shares during the period. Public Employees Retirement System of Ohio raised its holdings in shares of Stericycle by 8.1% during the third quarter. Public Employees Retirement System of Ohio now owns 31,063 shares of the business services provider’s stock valued at $1,582,000 after acquiring an additional 2,331 shares in the last quarter. California State Teachers Retirement System raised its holdings in shares of Stericycle by 0.3% during the third quarter. California State Teachers Retirement System now owns 142,277 shares of the business services provider’s stock valued at $7,246,000 after acquiring an additional 385 shares in the last quarter. Generation Investment Management LLP raised its holdings in shares of Stericycle by 17.2% during the third quarter. Generation Investment Management LLP now owns 2,988,148 shares of the business services provider’s stock valued at $152,186,000 after acquiring an additional 439,266 shares in the last quarter. Finally, Goelzer Investment Management Inc. lifted its stake in Stericycle by 1.7% in the third quarter. Goelzer Investment Management Inc. now owns 40,317 shares of the business services provider’s stock worth $2,053,000 after acquiring an additional 657 shares during the period.
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 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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