Stericycle (NASDAQ:SRCL) Earns Hold Rating from Analysts at StockNews.com

Equities research analysts at StockNews.com initiated coverage on shares of Stericycle (NASDAQ:SRCL) in a research report issued to clients and investors on Tuesday. The firm set a “hold” rating on the business services provider’s stock.

Stericycle Stock Performance

Shares of SRCL stock opened at $61.98 on Tuesday. The firm’s 50 day moving average is $61.18 and its 200 day moving average is $57.35. The stock has a market capitalization of $5.75 billion, a P/E ratio of 163.11, a P/E/G ratio of 3.38 and a beta of 1.10. Stericycle has a 12-month low of $37.78 and a 12-month high of $61.99. The company has a current ratio of 1.20, a quick ratio of 1.13 and a debt-to-equity ratio of 0.53.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of SRCL. Clearstead Trust LLC purchased a new position in shares of Stericycle during the 1st quarter worth $25,000. Headlands Technologies LLC purchased a new position in shares of Stericycle during the 1st quarter worth $44,000. International Assets Investment Management LLC purchased a new position in shares of Stericycle during the 2nd quarter worth $45,000. Quest Partners LLC lifted its stake in shares of Stericycle by 4,172.7% during the 2nd quarter. Quest Partners LLC now owns 940 shares of the business services provider’s stock valued at $55,000 after buying an additional 918 shares in the last quarter. Finally, Summit Securities Group LLC purchased a new position in shares of Stericycle during the 2nd quarter valued at $58,000. Hedge funds and other institutional investors 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.