Stericycle, Inc. (NASDAQ:SRCL) Receives $74.00 Average Price Target from Analysts

Stericycle, Inc. (NASDAQ:SRCL) has been assigned an average rating of “Hold” from the six ratings firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $74.00.

Separately, StockNews.com started coverage on shares of Stericycle in a research report on Saturday. They set a “hold” rating for the company.

Institutional Investors Weigh In On Stericycle

Institutional investors and hedge funds have recently bought and sold shares of the stock. Clearstead Trust LLC acquired a new stake in shares of Stericycle during the first quarter worth about $25,000. GAMMA Investing LLC grew its stake in Stericycle by 170.9% during the 1st quarter. GAMMA Investing LLC now owns 818 shares of the business services provider’s stock worth $43,000 after buying an additional 516 shares during the last quarter. Headlands Technologies LLC acquired a new position in Stericycle during the first quarter worth approximately $44,000. International Assets Investment Management LLC purchased a new stake in Stericycle in the second quarter valued at approximately $45,000. Finally, Quest Partners LLC raised its position in Stericycle by 4,172.7% in the 2nd quarter. Quest Partners LLC now owns 940 shares of the business services provider’s stock valued at $55,000 after purchasing an additional 918 shares during the last quarter. 98.82% of the stock is owned by hedge funds and other institutional investors.

Stericycle Price Performance

Shares of NASDAQ SRCL opened at $60.90 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market cap of $5.65 billion, a price-to-earnings ratio of -276.82, a price-to-earnings-growth ratio of 3.32 and a beta of 1.11. The stock’s 50-day moving average is $60.35 and its two-hundred day moving average is $56.03. Stericycle has a 1-year low of $37.78 and a 1-year high of $61.77.

Stericycle (NASDAQ:SRCL) last released its earnings results on Thursday, July 25th. The business services provider reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.04. Stericycle had a net margin of 1.37% and a return on equity of 7.94%. The firm had revenue of $661.60 million for the quarter, compared to analyst estimates of $672.07 million. Analysts forecast that Stericycle will post 2.29 EPS for the current fiscal year.

Stericycle Company Profile

Stericycle, Inc, together with its subsidiaries, provides regulated waste and compliance services in the United States, Europe, and internationally. The company offers regulated waste and compliance services, including regulated medical waste, sharps waste management and disposal, pharmaceutical waste management and disposal, chemotherapy waste and disposal, controlled substance waste disposal, healthcare hazardous waste, and integrated waste stream solutions; specialty services, such as MedDrop medication collection kiosks, safe community solutions, SafeDrop sharps mailback solutions, and airport and maritime waste services; medical supply store services, that includes sharps and disposable biohazardous waste containers, infection control supplies, and seal&send medication mail back; and compliance solutions including Steri-Safe compliance solutions.