Stericycle (NASDAQ:SRCL) Reaches New 52-Week High – What’s Next?

Shares of Stericycle, Inc. (NASDAQ:SRCL) hit a new 52-week high on Friday . The company traded as high as $61.97 and last traded at $61.97, with a volume of 443940 shares trading hands. The stock had previously closed at $61.47.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Stericycle in a research note on Sunday, October 27th. They issued a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Stericycle currently has an average rating of “Hold” and an average price target of $74.00.

Stericycle Price Performance

The firm has a market cap of $5.75 billion, a price-to-earnings ratio of 163.11, a PEG ratio of 3.36 and a beta of 1.10. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a 50-day moving average price of $60.82 and a 200 day moving average price of $56.71.

Hedge Funds Weigh In On Stericycle

A number of hedge funds and other institutional investors have recently bought and sold shares of SRCL. Clearstead Trust LLC purchased a new position in shares of Stericycle during the 1st quarter worth approximately $25,000. International Assets Investment Management LLC acquired a new stake in Stericycle in the second quarter valued at $45,000. Headlands Technologies LLC acquired a new stake in Stericycle in the first quarter valued at $44,000. Quest Partners LLC boosted its position in shares of Stericycle by 4,172.7% during the 2nd quarter. Quest Partners LLC now owns 940 shares of the business services provider’s stock worth $55,000 after purchasing an additional 918 shares in the last quarter. Finally, Summit Securities Group LLC acquired a new position in shares of Stericycle during the 2nd quarter worth $58,000. 98.82% of the stock is currently owned by hedge funds and other institutional investors.

About Stericycle

Stericycle, Inc, together with its subsidiaries, provides regulated waste and compliance services in the United States, Europe, and internationally. The company offers regulated waste and compliance services, including regulated medical waste, sharps waste management and disposal, pharmaceutical waste management and disposal, chemotherapy waste and disposal, controlled substance waste disposal, healthcare hazardous waste, and integrated waste stream solutions; specialty services, such as MedDrop medication collection kiosks, safe community solutions, SafeDrop sharps mailback solutions, and airport and maritime waste services; medical supply store services, that includes sharps and disposable biohazardous waste containers, infection control supplies, and seal&send medication mail back; and compliance solutions including Steri-Safe compliance solutions.