Stericycle, Inc. (NASDAQ:SRCL) has been assigned a $108.00 target price by investment analysts at Jefferies Group LLC in a research note issued to investors on Friday. The firm presently has a “buy” rating on the business services provider’s stock. Jefferies Group LLC’s price target would suggest a potential upside of 52.05% from the stock’s previous close.
Other equities analysts have also issued reports about the stock. BMO Capital Markets began coverage on shares of Stericycle in a research report on Thursday, June 29th. They issued a “market perform” rating and a $81.00 price target on the stock. Barclays PLC restated an “overweight” rating and issued a $100.00 price target on shares of Stericycle in a research report on Wednesday. Zacks Investment Research lowered shares of Stericycle from a “buy” rating to a “hold” rating in a research report on Monday, August 7th. BidaskClub upgraded shares of Stericycle from a “strong sell” rating to a “sell” rating in a research report on Monday, July 24th. Finally, Robert W. Baird lowered shares of Stericycle from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $74.00 to $73.00 in a research report on Monday, May 15th. Four analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $81.15.
Shares of Stericycle (SRCL) opened at 71.03 on Friday. Stericycle has a 52 week low of $70.24 and a 52 week high of $88.00. The firm has a 50 day moving average of $76.45 and a 200 day moving average of $80.44. The firm’s market cap is $6.06 billion.
Stericycle (NASDAQ:SRCL) last released its quarterly earnings results on Thursday, August 3rd. The business services provider reported $1.15 EPS for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.02. The firm had revenue of $917.70 million for the quarter, compared to analyst estimates of $902.81 million. Stericycle had a negative net margin of 0.07% and a positive return on equity of 14.35%. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.18 earnings per share. Equities analysts predict that Stericycle will post $4.60 earnings per share for the current fiscal year.
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Several institutional investors have recently made changes to their positions in the company. Kernodle & Katon Asset Management Group LLC bought a new position in shares of Stericycle during the first quarter worth $100,000. Heritage Trust Co bought a new position in shares of Stericycle during the first quarter worth $124,000. Pacer Advisors Inc. increased its position in shares of Stericycle by 3.3% in the first quarter. Pacer Advisors Inc. now owns 1,735 shares of the business services provider’s stock worth $144,000 after buying an additional 55 shares in the last quarter. Invictus RG bought a new position in shares of Stericycle during the first quarter worth $145,000. Finally, Morgan Dempsey Capital Management LLC increased its position in shares of Stericycle by 2.6% in the first quarter. Morgan Dempsey Capital Management LLC now owns 1,902 shares of the business services provider’s stock worth $158,000 after buying an additional 48 shares in the last quarter. 95.16% of the stock is owned by institutional investors.
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.
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