Zacks: Brokerages Set $3.75 Target Price for Quest Resource Holding Corp (NASDAQ:QRHC)

Quest Resource Holding Corp (NASDAQ:QRHC) has earned an average broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation.

Brokers have set a 12-month consensus price objective of $3.75 for the company and are forecasting that the company will post $0.01 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Quest Resource an industry rank of 80 out of 256 based on the ratings given to related companies.

QRHC has been the topic of a number of recent research reports. ValuEngine downgraded shares of Quest Resource from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. HC Wainwright reiterated a “buy” rating and set a $4.00 price objective on shares of Quest Resource in a research note on Thursday, May 16th.



Several hedge funds and other institutional investors have recently added to or reduced their stakes in QRHC. Deutsche Bank AG boosted its stake in Quest Resource by 124.3% in the fourth quarter. Deutsche Bank AG now owns 20,185 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 11,185 shares in the last quarter. Vanguard Group Inc. acquired a new stake in Quest Resource in the second quarter valued at approximately $38,000. Connors Investor Services Inc. acquired a new stake in Quest Resource in the second quarter valued at approximately $346,000. First Wilshire Securities Management Inc. acquired a new stake in Quest Resource in the second quarter valued at approximately $554,000. Finally, Essex Investment Management Co. LLC boosted its stake in Quest Resource by 72.8% in the second quarter. Essex Investment Management Co. LLC now owns 248,538 shares of the business services provider’s stock valued at $688,000 after acquiring an additional 104,743 shares in the last quarter. Hedge funds and other institutional investors own 16.74% of the company’s stock.

Quest Resource stock traded down $0.04 during mid-day trading on Thursday, hitting $2.23. The stock had a trading volume of 23,984 shares, compared to its average volume of 19,466. The stock has a market cap of $35.92 million, a price-to-earnings ratio of -18.58, a P/E/G ratio of 15.60 and a beta of 1.47. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.23 and a quick ratio of 1.23. The company has a 50 day moving average of $2.52. Quest Resource has a one year low of $1.26 and a one year high of $3.10.

Quest Resource (NASDAQ:QRHC) last posted its quarterly earnings data on Wednesday, May 15th. The business services provider reported ($0.01) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.02. The company had revenue of $26.65 million for the quarter, compared to analyst estimates of $26.49 million. Quest Resource had a negative net margin of 1.22% and a negative return on equity of 1.13%. On average, research analysts predict that Quest Resource will post 0.01 earnings per share for the current year.

Quest Resource Company Profile

Quest Resource Holding Corporation, through its subsidiaries, provides solutions for the reuse, recycle, and dispose various waste streams and recyclables in the United States. The company offers recycling and waste management services for motor oil, oil filters, scrap tires, grease and cooking oil, food waste, and expired food products; and various other materials, such as glass, cardboard, paper, and metal, as well as hazardous materials, plastics, construction debris, batteries, mercury, lights, regulated waste, electronic devices, and industrial cleaning products.

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