Harsco Co. (NYSE:HSC) Receives Consensus Rating of “Hold” from Brokerages

Shares of Harsco Co. (NYSE:HSCGet Rating) have been assigned an average recommendation of “Hold” from the six analysts that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $19.00.

A number of brokerages have weighed in on HSC. Barrington Research decreased their target price on Harsco from $22.00 to $20.00 in a research note on Wednesday, May 4th. DA Davidson started coverage on shares of Harsco in a research report on Wednesday, March 30th. They issued a “buy” rating and a $18.00 price objective on the stock. Zacks Investment Research lowered shares of Harsco from a “hold” rating to a “sell” rating in a research report on Wednesday, May 4th. StockNews.com began coverage on shares of Harsco in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, TheStreet downgraded shares of Harsco from a “c-” rating to a “d” rating in a report on Friday.

Shares of NYSE:HSC opened at $7.89 on Tuesday. The company has a 50 day moving average of $11.22 and a 200 day moving average of $14.02. The company has a current ratio of 1.50, a quick ratio of 1.37 and a debt-to-equity ratio of 1.82. The stock has a market cap of $626.62 million, a P/E ratio of -14.61 and a beta of 1.97. Harsco has a 12 month low of $6.91 and a 12 month high of $23.73.

Harsco (NYSE:HSCGet Rating) last announced its quarterly earnings results on Tuesday, May 3rd. The industrial products company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.04). The firm had revenue of $452.80 million during the quarter, compared to the consensus estimate of $447.22 million. Harsco had a negative net margin of 2.13% and a positive return on equity of 7.10%. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.15 earnings per share. On average, equities analysts forecast that Harsco will post 0.38 earnings per share for the current fiscal year.

In other Harsco news, CEO F Nicholas Grasberger III acquired 25,000 shares of the business’s stock in a transaction dated Monday, February 28th. The stock was bought at an average price of $11.92 per share, with a total value of $298,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.91% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HSC. BlackRock Inc. grew its holdings in shares of Harsco by 3.0% in the fourth quarter. BlackRock Inc. now owns 12,733,479 shares of the industrial products company’s stock worth $212,776,000 after purchasing an additional 376,732 shares during the last quarter. Vanguard Group Inc. grew its holdings in Harsco by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 8,603,824 shares of the industrial products company’s stock worth $105,311,000 after acquiring an additional 122,310 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in Harsco by 65.4% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,445,142 shares of the industrial products company’s stock worth $74,278,000 after acquiring an additional 1,757,673 shares during the last quarter. Silvercrest Asset Management Group LLC raised its stake in shares of Harsco by 17.8% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 3,028,200 shares of the industrial products company’s stock valued at $50,201,000 after acquiring an additional 457,373 shares during the last quarter. Finally, Cooper Creek Partners Management LLC boosted its holdings in shares of Harsco by 234.9% during the first quarter. Cooper Creek Partners Management LLC now owns 3,017,683 shares of the industrial products company’s stock worth $36,936,000 after purchasing an additional 2,116,571 shares during the period. 95.61% of the stock is owned by institutional investors.

About Harsco (Get Rating)

Harsco Corporation provides environmental solutions for industrial and specialty waste streams worldwide. It operates through two segments, Harsco Environmental and Harsco Clean Earth. The Harsco Environmental segment offers on-site services for material logistics, product quality improvement, and resource recovery for iron, steel, and metals manufacturing; manufactures and sells industrial abrasives, roofing granules, aluminum dross, and scrap processing systems; and produces value-added downstream products from industrial waste-stream.

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