Clean Harbors, Inc. (NYSE:CLH) Receives $323.23 Average Price Target from Brokerages

Clean Harbors, Inc. (NYSE:CLH) has earned an average recommendation of “Moderate Buy” from the sixteen research firms that are covering the firm, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $325.7692.

CLH has been the subject of several analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of Clean Harbors in a research report on Tuesday. Citigroup raised Clean Harbors from a “neutral” rating to a “buy” rating and boosted their target price for the company from $302.00 to $346.00 in a research note on Wednesday, April 8th. Truist Financial increased their target price on Clean Harbors from $310.00 to $325.00 and gave the company a “buy” rating in a report on Monday, April 20th. BMO Capital Markets raised their price target on Clean Harbors from $340.00 to $342.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Robert W. Baird lifted their price target on Clean Harbors from $300.00 to $350.00 and gave the stock an “outperform” rating in a research note on Thursday, April 16th.

Clean Harbors Stock Performance

NYSE:CLH opened at $301.75 on Friday. The company has a market capitalization of $15.95 billion, a price-to-earnings ratio of 40.89 and a beta of 0.86. The business has a 50 day moving average of $292.06 and a 200 day moving average of $281.51. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.34 and a quick ratio of 1.99. Clean Harbors has a 1-year low of $201.34 and a 1-year high of $316.98.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings results on Wednesday, May 6th. The business services provider reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.15 by $0.04. Clean Harbors had a net margin of 6.53% and a return on equity of 14.37%. The business had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same period last year, the business earned $1.09 earnings per share. The business’s quarterly revenue was up 1.9% on a year-over-year basis. On average, sell-side analysts predict that Clean Harbors will post 8.51 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Clean Harbors news, Director Lauren States sold 789 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $286.19, for a total value of $225,803.91. Following the transaction, the director owned 11,359 shares in the company, valued at approximately $3,250,832.21. The trade was a 6.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CLH. Quattro Advisors LLC purchased a new stake in Clean Harbors in the 4th quarter worth approximately $26,000. Elyxium Wealth LLC purchased a new position in shares of Clean Harbors during the fourth quarter valued at approximately $26,000. Parkside Financial Bank & Trust raised its holdings in shares of Clean Harbors by 205.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 119 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 80 shares in the last quarter. MidFirst Bank bought a new position in shares of Clean Harbors during the fourth quarter valued at approximately $28,000. Finally, Larson Financial Group LLC lifted its stake in Clean Harbors by 676.5% in the fourth quarter. Larson Financial Group LLC now owns 132 shares of the business services provider’s stock worth $31,000 after acquiring an additional 115 shares during the period. Hedge funds and other institutional investors own 90.43% of the company’s stock.

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.