UBS Group Reiterates “$56.00” Price Target for Clean Harbors (CLH)

UBS Group set a $56.00 price objective on Clean Harbors (NYSE:CLH) in a research note published on Thursday morning, www.stocktargetadvisor.com reports. The brokerage currently has a sell rating on the business services provider’s stock.

Several other research firms have also recently issued reports on CLH. Stifel Nicolaus upped their price objective on Clean Harbors from $65.00 to $70.00 and gave the stock a buy rating in a research report on Thursday, August 2nd. ValuEngine raised Clean Harbors from a hold rating to a buy rating in a research report on Thursday, August 2nd. BMO Capital Markets reaffirmed a buy rating and set a $65.00 price objective on shares of Clean Harbors in a research report on Thursday, July 12th. Oppenheimer reaffirmed a hold rating on shares of Clean Harbors in a research report on Wednesday. Finally, Needham & Company LLC upped their price objective on Clean Harbors from $63.00 to $74.00 and gave the stock a buy rating in a research report on Thursday, August 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. Clean Harbors has an average rating of Buy and a consensus price target of $66.75.

Shares of NYSE:CLH traded up $0.48 on Thursday, hitting $64.75. 395,812 shares of the company’s stock were exchanged, compared to its average volume of 504,619. The stock has a market cap of $3.63 billion, a P/E ratio of 196.21 and a beta of 1.01. Clean Harbors has a 1-year low of $44.74 and a 1-year high of $72.50. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.73 and a current ratio of 2.04.

Clean Harbors (NYSE:CLH) last released its quarterly earnings data on Wednesday, October 31st. The business services provider reported $0.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.16. The business had revenue of $843.18 million during the quarter, compared to analysts’ expectations of $846.07 million. Clean Harbors had a return on equity of 4.93% and a net margin of 4.18%. The business’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.21 EPS. On average, equities research analysts predict that Clean Harbors will post 1.13 EPS for the current year.

In other news, EVP Grace Cowan sold 424 shares of the business’s stock in a transaction dated Thursday, September 6th. The stock was sold at an average price of $70.62, for a total value of $29,942.88. Following the completion of the sale, the executive vice president now directly owns 22,914 shares of the company’s stock, valued at approximately $1,618,186.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Andrea Robertson sold 1,500 shares of the business’s stock in a transaction dated Thursday, November 1st. The shares were sold at an average price of $68.31, for a total value of $102,465.00. Following the completion of the sale, the director now directly owns 14,929 shares of the company’s stock, valued at $1,019,799.99. The disclosure for this sale can be found here. Insiders sold a total of 20,317 shares of company stock valued at $1,367,426 over the last three months. Company insiders own 8.70% of the company’s stock.

Several institutional investors have recently bought and sold shares of CLH. Wells Fargo & Company MN lifted its holdings in shares of Clean Harbors by 27.7% in the 1st quarter. Wells Fargo & Company MN now owns 70,456 shares of the business services provider’s stock valued at $3,438,000 after purchasing an additional 15,304 shares during the last quarter. A.R.T. Advisors LLC purchased a new stake in shares of Clean Harbors in the 1st quarter valued at about $400,000. Legal & General Group Plc lifted its holdings in shares of Clean Harbors by 7.7% in the 1st quarter. Legal & General Group Plc now owns 82,873 shares of the business services provider’s stock valued at $4,045,000 after purchasing an additional 5,920 shares during the last quarter. Xact Kapitalforvaltning AB raised its stake in Clean Harbors by 38.0% during the 1st quarter. Xact Kapitalforvaltning AB now owns 8,709 shares of the business services provider’s stock valued at $425,000 after acquiring an additional 2,400 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in Clean Harbors by 1.9% during the 1st quarter. Principal Financial Group Inc. now owns 217,677 shares of the business services provider’s stock valued at $10,625,000 after acquiring an additional 4,092 shares during the last quarter. 94.74% of the stock is owned by institutional investors and hedge funds.

About Clean Harbors

Clean Harbors, Inc provides environmental, energy, and industrial services in North America. It operates through Technical Services; Industrial and Field Services; Safety-Kleen; and Oil, Gas and Lodging Services segments. The company's Technical Services segment provides a range of hazardous material management services, including the packaging, collection, transportation, treatment, and disposal of hazardous and non-hazardous waste at its incinerator, landfill, wastewater, and other treatment facilities.

See Also: Why investors pay attention to retained earnings

Analyst Recommendations for Clean Harbors (NYSE:CLH)

Receive News & Ratings for Clean Harbors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Clean Harbors and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply