Clean Harbors, Inc. (NYSE:CLH) Receives $262.91 Average Target Price from Analysts

Shares of Clean Harbors, Inc. (NYSE:CLH) have received a consensus rating of “Moderate Buy” from the twelve brokerages that are presently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $257.7273.

A number of brokerages have recently weighed in on CLH. Oppenheimer reaffirmed an “outperform” rating and issued a $237.00 price target on shares of Clean Harbors in a research note on Thursday. Barclays reduced their price target on shares of Clean Harbors from $253.00 to $230.00 and set an “equal weight” rating for the company in a research note on Thursday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Clean Harbors in a research note on Wednesday, October 8th. Raymond James Financial cut their target price on shares of Clean Harbors from $277.00 to $270.00 and set a “strong-buy” rating for the company in a research note on Thursday. Finally, UBS Group cut their target price on shares of Clean Harbors from $245.00 to $240.00 and set a “neutral” rating for the company in a research note on Friday.

Institutional Trading of Clean Harbors

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Root Financial Partners LLC acquired a new stake in Clean Harbors during the third quarter valued at approximately $30,000. Hopwood Financial Services Inc. acquired a new stake in Clean Harbors during the first quarter valued at approximately $30,000. Golden State Wealth Management LLC lifted its stake in Clean Harbors by 145.3% during the second quarter. Golden State Wealth Management LLC now owns 184 shares of the business services provider’s stock valued at $43,000 after purchasing an additional 109 shares during the last quarter. Bayforest Capital Ltd acquired a new stake in Clean Harbors during the third quarter valued at approximately $44,000. Finally, First Horizon Corp acquired a new stake in Clean Harbors during the third quarter valued at approximately $44,000. 90.43% of the stock is owned by institutional investors and hedge funds.

Clean Harbors Trading Down 2.1%

Shares of NYSE:CLH opened at $210.83 on Tuesday. The company has a 50 day moving average of $235.72 and a 200-day moving average of $231.23. The firm has a market cap of $11.31 billion, a P/E ratio of 29.24 and a beta of 1.18. Clean Harbors has a twelve month low of $178.29 and a twelve month high of $265.72. The company has a current ratio of 2.44, a quick ratio of 2.07 and a debt-to-equity ratio of 1.00.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings results on Wednesday, October 29th. The business services provider reported $2.21 earnings per share for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.16). The company had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.58 billion. Clean Harbors had a return on equity of 14.61% and a net margin of 6.51%.The company’s revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the company posted $2.12 earnings per share. As a group, analysts anticipate that Clean Harbors will post 7.89 earnings per share for the current fiscal year.

Clean Harbors Company Profile

Clean Harbors, Inc provides environmental and industrial services in the United States and internationally. The company operates through two segments, Environmental Services and Safety-Kleen Sustainability Solutions. The Environmental Services segment collects, transports, treats, and disposes hazardous and non-hazardous waste, such as resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and offers CleanPack services, including collection, identification, categorization, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous waste.