Shares of Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) have earned an average recommendation of “Buy” from the eight analysts that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $28.80.
Several brokerages have recently weighed in on HCCI. BidaskClub raised Heritage-Crystal Clean from a “hold” rating to a “buy” rating in a research note on Tuesday, April 30th. ValuEngine downgraded Heritage-Crystal Clean from a “buy” rating to a “hold” rating in a research note on Monday, February 25th. Barrington Research reaffirmed an “outperform” rating and set a $30.00 target price (up from $27.00) on shares of Heritage-Crystal Clean in a research note on Tuesday, May 7th. Zacks Investment Research downgraded Heritage-Crystal Clean from a “hold” rating to a “sell” rating in a research note on Wednesday, May 8th. Finally, Stifel Nicolaus downgraded Heritage-Crystal Clean from a “buy” rating to a “hold” rating and set a $25.00 target price for the company. in a research note on Thursday, February 28th.
Hedge funds have recently made changes to their positions in the company. Ramsey Quantitative Systems acquired a new position in shares of Heritage-Crystal Clean during the 4th quarter worth approximately $47,000. Legal & General Group Plc raised its stake in shares of Heritage-Crystal Clean by 22.7% during the 4th quarter. Legal & General Group Plc now owns 2,744 shares of the industrial products company’s stock worth $63,000 after buying an additional 507 shares during the period. Great West Life Assurance Co. Can acquired a new position in shares of Heritage-Crystal Clean during the 4th quarter worth approximately $73,000. BNP Paribas Arbitrage SA raised its stake in Heritage-Crystal Clean by 476.2% in the 1st quarter. BNP Paribas Arbitrage SA now owns 3,100 shares of the industrial products company’s stock valued at $85,000 after purchasing an additional 2,562 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY raised its stake in Heritage-Crystal Clean by 421.8% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 5,093 shares of the industrial products company’s stock valued at $117,000 after purchasing an additional 4,117 shares during the last quarter. 61.94% of the stock is owned by institutional investors and hedge funds.
Heritage-Crystal Clean stock traded down $0.18 during mid-day trading on Wednesday, hitting $27.76. The company had a trading volume of 18,757 shares, compared to its average volume of 76,366. The company has a current ratio of 1.80, a quick ratio of 1.39 and a debt-to-equity ratio of 0.29. Heritage-Crystal Clean has a 12-month low of $18.00 and a 12-month high of $29.01. The firm has a market cap of $637.11 million, a PE ratio of 40.82, a P/E/G ratio of 1.67 and a beta of 1.45.
Heritage-Crystal Clean (NASDAQ:HCCI) last released its quarterly earnings data on Wednesday, May 1st. The industrial products company reported ($0.11) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.20). The company had revenue of $95.77 million during the quarter, compared to analysts’ expectations of $91.62 million. Heritage-Crystal Clean had a return on equity of 6.17% and a net margin of 2.92%. On average, equities research analysts forecast that Heritage-Crystal Clean will post 1.1 EPS for the current year.
About Heritage-Crystal Clean
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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