Clean Harbors, Inc. (NYSE:CLH) Receives Average Rating of “Moderate Buy” from Analysts

Clean Harbors, Inc. (NYSE:CLH) has earned an average rating of “Moderate Buy” from the fourteen brokerages that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $254.5833.

A number of brokerages have weighed in on CLH. UBS Group dropped their price target on shares of Clean Harbors from $245.00 to $240.00 and set a “neutral” rating for the company in a research report on Friday, October 31st. Barclays dropped their target price on shares of Clean Harbors from $253.00 to $230.00 and set an “equal weight” rating for the company in a report on Thursday, October 30th. Oppenheimer reissued an “outperform” rating and issued a $237.00 target price on shares of Clean Harbors in a research report on Thursday, October 30th. Wells Fargo & Company began coverage on Clean Harbors in a research report on Thursday, November 13th. They set an “equal weight” rating and a $220.00 price target for the company. Finally, Raymond James Financial cut their price objective on Clean Harbors from $277.00 to $270.00 and set a “strong-buy” rating on the stock in a report on Thursday, October 30th.

Institutional Trading of Clean Harbors

Large investors have recently modified their holdings of the stock. Root Financial Partners LLC purchased a new position in Clean Harbors in the third quarter valued at $30,000. Hopwood Financial Services Inc. acquired a new stake in Clean Harbors in the 1st quarter valued at about $30,000. Golden State Wealth Management LLC boosted its stake in shares of Clean Harbors by 145.3% in the 2nd quarter. Golden State Wealth Management LLC now owns 184 shares of the business services provider’s stock valued at $43,000 after buying an additional 109 shares during the period. Bayforest Capital Ltd purchased a new position in shares of Clean Harbors in the 3rd quarter valued at about $44,000. Finally, First Horizon Corp acquired a new position in shares of Clean Harbors during the third quarter worth about $44,000. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Clean Harbors Price Performance

NYSE:CLH opened at $216.99 on Friday. Clean Harbors has a 52 week low of $178.29 and a 52 week high of $263.43. The stock’s fifty day moving average is $225.87 and its two-hundred day moving average is $230.65. The company has a market capitalization of $11.59 billion, a P/E ratio of 30.10 and a beta of 1.16. The company has a quick ratio of 2.07, a current ratio of 2.44 and a debt-to-equity ratio of 1.00.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings data on Wednesday, October 29th. The business services provider reported $2.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.16). The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.58 billion. Clean Harbors had a return on equity of 14.61% and a net margin of 6.51%.The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the previous year, the business posted $2.12 earnings per share. Equities analysts expect that Clean Harbors will post 7.89 EPS for the current year.

About Clean Harbors

Clean Harbors, Inc provides environmental and industrial services in the United States and internationally. The company operates through two segments, Environmental Services and Safety-Kleen Sustainability Solutions. The Environmental Services segment collects, transports, treats, and disposes hazardous and non-hazardous waste, such as resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and offers CleanPack services, including collection, identification, categorization, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous waste.