Stericycle, Inc. (NASDAQ:SRCL) Receives Average Recommendation of “Hold” from Analysts

Shares of Stericycle, Inc. (NASDAQ:SRCL) have been given an average recommendation of “Hold” by the six ratings firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $74.00.

Separately, StockNews.com initiated coverage on Stericycle in a research note on Tuesday, November 12th. They set a “hold” rating for the company.

Stericycle Stock Performance

NASDAQ:SRCL opened at $61.98 on Tuesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.13 and a current ratio of 1.20. The stock has a market capitalization of $5.75 billion, a PE ratio of 163.11, a P/E/G ratio of 3.38 and a beta of 1.10. Stericycle has a fifty-two week low of $37.78 and a fifty-two week high of $61.99. The company has a fifty day moving average of $61.36 and a two-hundred day moving average of $57.73.

Institutional Trading of Stericycle

Hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets grew its position in shares of Stericycle by 21.5% in the first quarter. BNP Paribas Financial Markets now owns 7,957 shares of the business services provider’s stock valued at $420,000 after purchasing an additional 1,408 shares in the last quarter. Illinois Municipal Retirement Fund acquired a new position in Stericycle during the first quarter worth $756,000. Headlands Technologies LLC purchased a new stake in Stericycle in the 1st quarter valued at $44,000. Russell Investments Group Ltd. increased its stake in shares of Stericycle by 7.1% in the 1st quarter. Russell Investments Group Ltd. now owns 40,414 shares of the business services provider’s stock worth $2,132,000 after acquiring an additional 2,684 shares during the last quarter. Finally, US Bancorp DE raised its holdings in shares of Stericycle by 4.3% during the 1st quarter. US Bancorp DE now owns 30,388 shares of the business services provider’s stock worth $1,603,000 after acquiring an additional 1,252 shares during the period. Institutional investors and hedge funds own 98.82% of the company’s stock.

About Stericycle

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.