StockNews.com Lowers Stericycle (NASDAQ:SRCL) to Hold

Stericycle (NASDAQ:SRCLGet Rating) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Thursday.

Several other research analysts have also issued reports on the company. Robert W. Baird reduced their price target on Stericycle from $77.00 to $72.00 and set an “outperform” rating on the stock in a research report on Friday, February 25th. Zacks Investment Research lowered Stericycle from a “hold” rating to a “sell” rating and set a $62.00 price target on the stock. in a research report on Tuesday, March 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $67.00.

Shares of SRCL opened at $56.35 on Thursday. The firm has a market capitalization of $5.18 billion, a price-to-earnings ratio of -181.77, a PEG ratio of 3.16 and a beta of 1.30. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.79 and a current ratio of 0.79. The business’s fifty day moving average price is $57.27 and its two-hundred day moving average price is $59.88. Stericycle has a 52 week low of $53.25 and a 52 week high of $79.97.

Stericycle (NASDAQ:SRCLGet Rating) last announced its quarterly earnings data on Thursday, February 24th. The business services provider reported $0.38 EPS for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.06). Stericycle had a negative net margin of 1.05% and a positive return on equity of 8.26%. The firm had revenue of $657.30 million during the quarter, compared to the consensus estimate of $662.25 million. During the same quarter in the previous year, the business posted $0.59 earnings per share. The firm’s quarterly revenue was up .2% on a year-over-year basis. As a group, research analysts forecast that Stericycle will post 2.19 EPS for the current year.

A number of hedge funds have recently bought and sold shares of the business. Louisiana State Employees Retirement System raised its stake in shares of Stericycle by 0.9% in the 4th quarter. Louisiana State Employees Retirement System now owns 23,600 shares of the business services provider’s stock valued at $1,408,000 after purchasing an additional 200 shares during the period. State of Michigan Retirement System raised its stake in shares of Stericycle by 0.9% in the 4th quarter. State of Michigan Retirement System now owns 23,246 shares of the business services provider’s stock valued at $1,386,000 after purchasing an additional 200 shares during the period. Thrivent Financial for Lutherans raised its stake in shares of Stericycle by 0.9% in the 4th quarter. Thrivent Financial for Lutherans now owns 24,222 shares of the business services provider’s stock valued at $1,445,000 after purchasing an additional 213 shares during the period. Madison Wealth Management raised its stake in shares of Stericycle by 4.4% in the 3rd quarter. Madison Wealth Management now owns 5,910 shares of the business services provider’s stock valued at $402,000 after purchasing an additional 250 shares during the period. Finally, Fifth Third Bancorp raised its stake in shares of Stericycle by 1.1% in the 1st quarter. Fifth Third Bancorp now owns 24,733 shares of the business services provider’s stock valued at $1,457,000 after purchasing an additional 261 shares during the period. Hedge funds and other institutional investors own 97.67% of the company’s stock.

About Stericycle (Get Rating)

Stericycle, Inc, together with its subsidiaries, provides regulated and compliance solutions in the United States, Europe, and internationally. The company offers regulated waste and compliance services, including sharps disposable and management solutions; pharmaceutical waste services; hazardous waste disposal; maritime waste services, such as seaport and airport waste; and compliance programs under the Steri-Safe, Clinical Services, First Practice Management, SeguriMed, and EnviroAssure brand names.

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