Clean Harbors (NYSE:CLH) Price Target Raised to $380.00

Clean Harbors (NYSE:CLH) had its price objective upped by TD Cowen from $335.00 to $380.00 in a report published on Thursday,Benzinga reports. They currently have a buy rating on the business services provider’s stock.

CLH has been the topic of several other reports. UBS Group raised their target price on shares of Clean Harbors from $300.00 to $315.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Oppenheimer reiterated an “outperform” rating and issued a $350.00 price target on shares of Clean Harbors in a report on Thursday. Citigroup raised their price objective on shares of Clean Harbors from $346.00 to $349.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Clean Harbors in a research report on Tuesday, July 7th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Clean Harbors in a research report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $354.57.

Clean Harbors Price Performance

CLH opened at $313.15 on Thursday. The company has a fifty day moving average price of $295.64 and a two-hundred day moving average price of $288.70. The firm has a market capitalization of $16.53 billion, a PE ratio of 38.00, a P/E/G ratio of 2.25 and a beta of 0.86. Clean Harbors has a 52 week low of $201.34 and a 52 week high of $335.94. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.99 and a current ratio of 2.13.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings results on Wednesday, July 29th. The business services provider reported $3.22 EPS for the quarter, beating analysts’ consensus estimates of $2.81 by $0.41. Clean Harbors had a return on equity of 15.65% and a net margin of 7.03%.The company had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same period in the prior year, the business posted $2.36 EPS. Clean Harbors’s revenue was up 11.9% on a year-over-year basis. As a group, analysts anticipate that Clean Harbors will post 9.51 earnings per share for the current year.

Insider Buying and Selling

In other Clean Harbors news, Director Lauren States sold 789 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $286.19, for a total transaction of $225,803.91. Following the completion of the transaction, the director owned 11,359 shares of the company’s stock, valued at $3,250,832.21. This represents a 6.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 5.00% of the company’s stock.

Institutional Trading of Clean Harbors

A number of hedge funds and other institutional investors have recently made changes to their positions in CLH. Assetmark Inc. lifted its position in shares of Clean Harbors by 8.9% in the first quarter. Assetmark Inc. now owns 430 shares of the business services provider’s stock worth $123,000 after purchasing an additional 35 shares in the last quarter. NewEdge Advisors LLC grew its position in Clean Harbors by 2.6% in the first quarter. NewEdge Advisors LLC now owns 1,995 shares of the business services provider’s stock valued at $572,000 after purchasing an additional 50 shares in the last quarter. SkyView Investment Advisors LLC grew its position in Clean Harbors by 2.3% in the second quarter. SkyView Investment Advisors LLC now owns 2,378 shares of the business services provider’s stock valued at $549,000 after purchasing an additional 53 shares in the last quarter. US Bancorp DE increased its stake in Clean Harbors by 16.9% in the 3rd quarter. US Bancorp DE now owns 374 shares of the business services provider’s stock valued at $87,000 after buying an additional 54 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC increased its stake in Clean Harbors by 2.9% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 2,121 shares of the business services provider’s stock valued at $608,000 after buying an additional 59 shares during the last quarter. 90.43% of the stock is currently owned by institutional investors and hedge funds.

More Clean Harbors News

Here are the key news stories impacting Clean Harbors this week:

• Positive Sentiment: Strong Q2 earnings beat: Clean Harbors reported earnings of $3.22 per share versus the $2.81 consensus estimate, while revenue reached $1.735 billion, ahead of the $1.64 billion forecast. Revenue increased 11.9% year over year, and earnings rose from $2.36 per share in the prior-year quarter. Clean Harbors Q2 Earnings Snapshot
• Positive Sentiment: Analysts raised targets: TD Cowen increased its target to $380, Citi to $376, Stifel to $364, Truist to $365 and Wells Fargo to $349. Citi, Stifel, TD Cowen and Truist maintained or assigned “buy” ratings, signaling confidence that the company’s growth can continue. Clean Harbors Analysts Boost Their Forecasts
• Positive Sentiment: Growth outlook remains attractive: Zacks highlighted Clean Harbors’ above-average financial growth and long-term market-outperformance potential. The company also reached a new one-year high following the earnings release, reflecting strong investor momentum. 3 Reasons Why Growth Investors Shouldn’t Overlook Clean Harbors
• Neutral Sentiment: Mixed analyst stance: Wells Fargo raised its price target substantially but retained an “equal weight” rating. The broader analyst consensus is “moderate buy,” suggesting optimism but not universal conviction.
• Negative Sentiment: Valuation and profit-taking risks: With the stock near its 52-week high and trading at roughly 38 times earnings, some investors may be taking profits or questioning whether further gains are already priced in. GuruFocus also characterized the shares as overvalued despite a strong overall score. Clean Harbors Valuation Analysis

About Clean Harbors

Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.

Founded in 1980 by Alan S.