Clean Harbors (NYSE:CLH) Stock Price Expected to Rise, Truist Financial Analyst Says

Clean Harbors (NYSE:CLH) had its target price upped by stock analysts at Truist Financial from $350.00 to $365.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the business services provider’s stock. Truist Financial’s target price would indicate a potential upside of 16.56% from the company’s previous close.

A number of other analysts have also weighed in on the stock. Stifel Nicolaus assumed coverage on shares of Clean Harbors in a research note on Friday, May 29th. They issued a “buy” rating and a $337.00 price target for the company. BMO Capital Markets upped their price objective on Clean Harbors from $340.00 to $342.00 and gave the company an “outperform” rating in a report on Wednesday, July 8th. Wall Street Zen cut Clean Harbors from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. UBS Group increased their target price on shares of Clean Harbors from $300.00 to $315.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Clean Harbors in a report on Tuesday, July 7th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $354.57.

Clean Harbors Stock Down 1.3%

Shares of Clean Harbors stock opened at $313.15 on Thursday. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.13 and a quick ratio of 1.99. Clean Harbors has a 1-year low of $201.34 and a 1-year high of $335.94. The business’s fifty day moving average price is $295.64 and its two-hundred day moving average price is $288.70. The company has a market capitalization of $16.53 billion, a P/E ratio of 38.00, a PEG ratio of 2.28 and a beta of 0.86.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings data on Wednesday, July 29th. The business services provider reported $3.22 earnings per share for the quarter, beating analysts’ consensus estimates of $2.81 by $0.41. The business had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Clean Harbors had a net margin of 7.03% and a return on equity of 15.65%. The company’s revenue was up 11.9% on a year-over-year basis. During the same period in the previous year, the business earned $2.36 earnings per share. As a group, research analysts forecast that Clean Harbors will post 8.62 EPS for the current year.

Insider Activity

In other news, Director Lauren States sold 789 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $286.19, for a total value of $225,803.91. Following the sale, the director directly owned 11,359 shares of the company’s stock, valued at approximately $3,250,832.21. This trade represents a 6.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 5.00% of the company’s stock.

Institutional Investors Weigh In On Clean Harbors

Institutional investors have recently added to or reduced their stakes in the stock. Elyxium Wealth LLC acquired a new position in Clean Harbors in the fourth quarter valued at about $26,000. Quattro Advisors LLC acquired a new stake in shares of Clean Harbors during the fourth quarter worth approximately $26,000. MidFirst Bank bought a new stake in shares of Clean Harbors during the fourth quarter worth $28,000. Parkside Financial Bank & Trust increased its stake in shares of Clean Harbors by 205.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 119 shares of the business services provider’s stock valued at $28,000 after buying an additional 80 shares in the last quarter. Finally, Larson Financial Group LLC raised its holdings in shares of Clean Harbors by 676.5% in the fourth quarter. Larson Financial Group LLC now owns 132 shares of the business services provider’s stock valued at $31,000 after buying an additional 115 shares during the last quarter. 90.43% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Clean Harbors

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

Clean Harbors Company Profile

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.