Shares of Stericycle Inc (NASDAQ:SRCL) have been assigned an average recommendation of “Hold” from the twelve research firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $68.00.
Several analysts recently commented on the stock. Royal Bank of Canada reduced their price target on shares of Stericycle from $75.00 to $61.00 and set an “underperform” rating for the company in a research report on Thursday, February 22nd. BidaskClub upgraded shares of Stericycle from a “sell” rating to a “hold” rating in a research report on Wednesday, January 31st. Robert W. Baird upgraded shares of Stericycle from an “underperform” rating to a “neutral” rating and set a $73.00 price target for the company in a research report on Tuesday, February 13th. BMO Capital Markets reiterated a “hold” rating and issued a $72.00 price target on shares of Stericycle in a research report on Wednesday, January 24th. Finally, Zacks Investment Research upgraded shares of Stericycle from a “sell” rating to a “hold” rating in a research report on Wednesday, January 10th.
Stericycle (NASDAQ:SRCL) traded up $0.20 during mid-day trading on Wednesday, reaching $64.87. 599,346 shares of the company traded hands, compared to its average volume of 1,097,507. Stericycle has a 1 year low of $58.53 and a 1 year high of $88.00. The stock has a market cap of $5,550.00, a P/E ratio of -52.31, a price-to-earnings-growth ratio of 1.47 and a beta of 0.41. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.84 and a current ratio of 0.84.
In other news, Director Jack W. Schuler acquired 10,000 shares of the company’s stock in a transaction on Thursday, March 1st. The shares were bought at an average cost of $62.59 per share, with a total value of $625,900.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 3.50% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in SRCL. Nationwide Fund Advisors increased its stake in Stericycle by 16.7% in the 3rd quarter. Nationwide Fund Advisors now owns 73,527 shares of the business services provider’s stock valued at $5,266,000 after buying an additional 10,500 shares during the period. Pictet Asset Management Ltd. increased its stake in Stericycle by 3.4% in the 3rd quarter. Pictet Asset Management Ltd. now owns 46,086 shares of the business services provider’s stock valued at $3,301,000 after buying an additional 1,500 shares during the period. Crossmark Global Holdings Inc. acquired a new position in Stericycle in the 3rd quarter valued at $479,000. Andra AP fonden increased its stake in Stericycle by 46.1% in the 3rd quarter. Andra AP fonden now owns 22,200 shares of the business services provider’s stock valued at $1,590,000 after buying an additional 7,000 shares during the period. Finally, Stevens Capital Management LP increased its stake in Stericycle by 8.5% in the 3rd quarter. Stevens Capital Management LP now owns 88,720 shares of the business services provider’s stock valued at $6,354,000 after buying an additional 6,961 shares during the period. 94.24% of the stock is currently owned by institutional investors.
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Stericycle Company Profile
Stericycle, Inc is a business-to-business services provider. The Company focuses on regulated and compliance solutions for healthcare, retail, and commercial businesses. The Company’s segments include Domestic and Canada Regulated Waste and Compliance Services (RCS), Domestic Communication and Related Services (CRS), International RCS and All other.
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