Harsco (HSC) Earns “Buy” Rating from Alembic Global Advisors

Alembic Global Advisors reaffirmed their buy rating on shares of Harsco (NYSE:HSC) in a research note released on Friday.

Other analysts have also issued reports about the company. ValuEngine lowered Harsco from a buy rating to a hold rating in a research note on Tuesday, November 14th. Zacks Investment Research upgraded Harsco from a hold rating to a strong-buy rating and set a $22.00 target price on the stock in a research note on Tuesday, January 23rd. Finally, Argus boosted their target price on Harsco to $24.00 and gave the company a buy rating in a research note on Thursday, January 11th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $22.80.

Shares of Harsco (NYSE HSC) traded up $0.58 during trading on Friday, reaching $20.10. The company had a trading volume of 584,667 shares, compared to its average volume of 403,302. The company has a market capitalization of $1,620.00, a price-to-earnings ratio of 64.84 and a beta of 2.96. Harsco has a 1-year low of $11.40 and a 1-year high of $22.00. The company has a quick ratio of 0.83, a current ratio of 1.25 and a debt-to-equity ratio of 2.63.

Harsco (NYSE:HSC) last issued its quarterly earnings results on Thursday, February 22nd. The industrial products company reported $0.20 EPS for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.06. The business had revenue of $455.00 million for the quarter, compared to analyst estimates of $432.50 million. Harsco had a return on equity of 30.82% and a net margin of 0.49%. Harsco’s quarterly revenue was up 26.4% compared to the same quarter last year. During the same period last year, the company posted $0.16 earnings per share. research analysts anticipate that Harsco will post 0.9 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of HSC. LS Investment Advisors LLC raised its stake in shares of Harsco by 127.7% in the fourth quarter. LS Investment Advisors LLC now owns 6,526 shares of the industrial products company’s stock valued at $122,000 after buying an additional 3,660 shares during the period. Elkfork Partners LLC purchased a new position in shares of Harsco in the fourth quarter valued at $142,000. FDx Advisors Inc. purchased a new position in shares of Harsco in the third quarter valued at $222,000. Emerald Advisers Inc. PA purchased a new position in shares of Harsco in the third quarter valued at $229,000. Finally, Alps Advisors Inc. purchased a new position in shares of Harsco in the fourth quarter valued at $229,000. Hedge funds and other institutional investors own 83.08% of the company’s stock.

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Harsco Company Profile

Harsco Corporation is a provider of industrial services and engineered products. The Company operates in three segments: Harsco Metals & Minerals, Harsco Industrial and Harsco Rail. The Harsco Metals & Minerals segment provides outsourced on-site services to the global metals industry, with the operations focused in the United States, the United Kingdom, France and Brazil.

Analyst Recommendations for Harsco (NYSE:HSC)

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