Clean Harbors (NYSE:CLH) Price Target Raised to $364.00

Clean Harbors (NYSE:CLH) had its price target raised by Stifel Nicolaus from $337.00 to $364.00 in a report published on Thursday,Benzinga reports. They currently have a buy rating on the business services provider’s stock.

Several other equities analysts have also recently weighed in on CLH. Citigroup raised their price target on Clean Harbors from $346.00 to $349.00 and gave the company a “buy” rating in a report on Friday, July 10th. Raymond James Financial reissued a “strong-buy” rating and issued a $375.00 target price on shares of Clean Harbors in a report on Thursday. Barclays boosted their price target on shares of Clean Harbors from $305.00 to $325.00 and gave the stock an “equal weight” rating in a research report on Thursday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Clean Harbors in a research note on Tuesday, July 7th. Finally, Truist Financial lifted their price objective on shares of Clean Harbors from $350.00 to $365.00 and gave the stock a “buy” rating in a research note on Thursday. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Clean Harbors presently has a consensus rating of “Moderate Buy” and an average price target of $354.57.

Clean Harbors Stock Down 1.3%

CLH opened at $313.15 on Thursday. The company has a market capitalization of $16.53 billion, a PE ratio of 38.00, a price-to-earnings-growth ratio of 2.25 and a beta of 0.86. The firm has a 50-day simple moving average of $295.64 and a two-hundred day simple moving average of $288.70. The company has a quick ratio of 1.99, a current ratio of 2.13 and a debt-to-equity ratio of 0.94. Clean Harbors has a 52 week low of $201.34 and a 52 week high of $335.94.

Clean Harbors (NYSE:CLH) last issued its earnings results on Wednesday, July 29th. The business services provider reported $3.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.81 by $0.41. The firm had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Clean Harbors had a return on equity of 15.65% and a net margin of 7.03%.The business’s revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.36 earnings per share. Analysts forecast that Clean Harbors will post 9.51 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Lauren States sold 789 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $286.19, for a total value of $225,803.91. Following the completion of the sale, the director directly owned 11,359 shares in the company, valued at $3,250,832.21. This trade represents a 6.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 5.00% of the company’s stock.

Institutional Investors Weigh In On Clean Harbors

Several hedge funds and other institutional investors have recently made changes to their positions in CLH. Quattro Advisors LLC purchased a new position in shares of Clean Harbors during the 4th quarter worth about $26,000. Elyxium Wealth LLC purchased a new position in shares of Clean Harbors during the fourth quarter valued at approximately $26,000. Parkside Financial Bank & Trust grew its stake in shares of Clean Harbors by 205.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 119 shares of the business services provider’s stock valued at $28,000 after buying an additional 80 shares during the last quarter. MidFirst Bank purchased a new stake in shares of Clean Harbors in the fourth quarter worth approximately $28,000. Finally, Larson Financial Group LLC lifted its stake in shares of Clean Harbors by 676.5% during the 4th quarter. Larson Financial Group LLC now owns 132 shares of the business services provider’s stock worth $31,000 after acquiring an additional 115 shares during the last quarter. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Clean Harbors News Summary

Here are the key news stories impacting Clean Harbors this week:

• Positive Sentiment: Strong Q2 earnings beat: Clean Harbors reported earnings of $3.22 per share versus the $2.81 consensus estimate, while revenue reached $1.735 billion, ahead of the $1.64 billion forecast. Revenue increased 11.9% year over year, and earnings rose from $2.36 per share in the prior-year quarter. Clean Harbors Q2 Earnings Snapshot
• Positive Sentiment: Analysts raised targets: TD Cowen increased its target to $380, Citi to $376, Stifel to $364, Truist to $365 and Wells Fargo to $349. Citi, Stifel, TD Cowen and Truist maintained or assigned “buy” ratings, signaling confidence that the company’s growth can continue. Clean Harbors Analysts Boost Their Forecasts
• Positive Sentiment: Growth outlook remains attractive: Zacks highlighted Clean Harbors’ above-average financial growth and long-term market-outperformance potential. The company also reached a new one-year high following the earnings release, reflecting strong investor momentum. 3 Reasons Why Growth Investors Shouldn’t Overlook Clean Harbors
• Neutral Sentiment: Mixed analyst stance: Wells Fargo raised its price target substantially but retained an “equal weight” rating. The broader analyst consensus is “moderate buy,” suggesting optimism but not universal conviction.
• Negative Sentiment: Valuation and profit-taking risks: With the stock near its 52-week high and trading at roughly 38 times earnings, some investors may be taking profits or questioning whether further gains are already priced in. GuruFocus also characterized the shares as overvalued despite a strong overall score. Clean Harbors Valuation Analysis

Clean Harbors Company Profile

Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.

Founded in 1980 by Alan S.