Analysts Set Heritage-Crystal Clean, Inc. (HCCI) Price Target at $28.80

Shares of Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) have been assigned an average recommendation of “Buy” from the eight analysts that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $28.80.

HCCI has been the topic of several analyst reports. Stifel Nicolaus downgraded Heritage-Crystal Clean from a “buy” rating to a “hold” rating and set a $25.00 price target on the stock. in a report on Thursday, February 28th. Zacks Investment Research downgraded Heritage-Crystal Clean from a “buy” rating to a “hold” rating in a report on Thursday, February 21st. Needham & Company LLC reiterated a “buy” rating and set a $27.00 price target (up previously from $23.00) on shares of Heritage-Crystal Clean in a report on Thursday, March 7th. BidaskClub downgraded Heritage-Crystal Clean from a “buy” rating to a “hold” rating in a report on Thursday, January 31st. Finally, ValuEngine upgraded Heritage-Crystal Clean from a “hold” rating to a “buy” rating in a report on Thursday, March 7th.

Shares of HCCI stock opened at $28.11 on Wednesday. Heritage-Crystal Clean has a 12 month low of $18.00 and a 12 month high of $29.01. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.04 and a current ratio of 1.80. The company has a market cap of $640.11 million, a price-to-earnings ratio of 41.34, a P/E/G ratio of 1.67 and a beta of 1.45.

Heritage-Crystal Clean (NASDAQ:HCCI) last announced its quarterly earnings results on Wednesday, May 1st. The industrial products company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.20). Heritage-Crystal Clean had a net margin of 2.92% and a return on equity of 6.17%. The company had revenue of $95.77 million for the quarter, compared to analyst estimates of $91.62 million. On average, sell-side analysts anticipate that Heritage-Crystal Clean will post 1.1 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its stake in shares of Heritage-Crystal Clean by 5.1% in the first quarter. Dimensional Fund Advisors LP now owns 989,202 shares of the industrial products company’s stock worth $27,153,000 after acquiring an additional 47,947 shares during the last quarter. BlackRock Inc. grew its stake in shares of Heritage-Crystal Clean by 4.3% in the fourth quarter. BlackRock Inc. now owns 821,943 shares of the industrial products company’s stock worth $18,912,000 after acquiring an additional 33,944 shares during the last quarter. Vanguard Group Inc grew its stake in shares of Heritage-Crystal Clean by 1.2% in the third quarter. Vanguard Group Inc now owns 656,789 shares of the industrial products company’s stock worth $14,022,000 after acquiring an additional 7,572 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Heritage-Crystal Clean by 1.2% in the third quarter. Vanguard Group Inc. now owns 656,789 shares of the industrial products company’s stock worth $14,022,000 after acquiring an additional 7,572 shares during the last quarter. Finally, Walthausen & Co. LLC grew its stake in shares of Heritage-Crystal Clean by 1.3% in the first quarter. Walthausen & Co. LLC now owns 433,750 shares of the industrial products company’s stock worth $11,906,000 after acquiring an additional 5,430 shares during the last quarter. Institutional investors and hedge funds own 59.89% of the company’s stock.

Heritage-Crystal Clean Company Profile

Heritage-Crystal Clean, Inc, through its subsidiary, Heritage-Crystal Clean, LLC, provides parts cleaning, and hazardous and non-hazardous containerized waste services to small and mid-sized customers in the vehicle maintenance and manufacturing services industries in North America. It operates in two segments, Environmental Services and Oil Business.

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

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