Harsco (NYSE:HSC) Price Target Increased to $20.00 by Analysts at Stifel Nicolaus

Harsco (NYSE:HSC) had its price target upped by Stifel Nicolaus from $16.00 to $20.00 in a research note issued to investors on Tuesday, BenzingaRatingsTable reports. The firm presently has a “buy” rating on the industrial products company’s stock. Stifel Nicolaus’ target price would suggest a potential upside of 48.92% from the stock’s previous close.

A number of other research analysts also recently weighed in on the company. Lake Street Capital lowered their price target on Harsco from $31.00 to $26.00 and set a “buy” rating on the stock in a report on Wednesday, April 8th. Zacks Investment Research upgraded Harsco from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a report on Wednesday, June 10th. Barrington Research lifted their price objective on Harsco from $15.00 to $16.00 and gave the company an “outperform” rating in a research report on Tuesday, June 16th. KeyCorp reduced their price objective on Harsco from $24.00 to $15.00 and set an “overweight” rating for the company in a research report on Thursday, April 2nd. Finally, ValuEngine raised Harsco from a “sell” rating to a “hold” rating in a research report on Wednesday, April 8th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Harsco currently has an average rating of “Buy” and an average target price of $18.60.

Shares of NYSE HSC opened at $13.43 on Tuesday. The company has a quick ratio of 1.14, a current ratio of 1.51 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 2.20 and a beta of 2.62. The stock’s fifty day simple moving average is $11.35 and its 200 day simple moving average is $13.16. Harsco has a 52-week low of $4.19 and a 52-week high of $27.97.

Harsco (NYSE:HSC) last issued its earnings results on Friday, May 8th. The industrial products company reported $0.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.14. The business had revenue of $398.80 million for the quarter, compared to analysts’ expectations of $380.60 million. Harsco had a return on equity of 9.64% and a net margin of 30.74%. The company’s quarterly revenue was up 20.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.29 EPS. As a group, analysts anticipate that Harsco will post 0.54 earnings per share for the current year.

In other Harsco news, SVP Tracey L. Mckenzie sold 41,179 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $8.31, for a total value of $342,197.49. Following the completion of the sale, the senior vice president now owns 2,600 shares of the company’s stock, valued at $21,606. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Carolann I. Haznedar purchased 10,000 shares of Harsco stock in a transaction on Wednesday, May 13th. The stock was bought at an average cost of $7.93 per share, with a total value of $79,300.00. Following the transaction, the director now directly owns 12,444 shares of the company’s stock, valued at $98,680.92. The disclosure for this purchase can be found here. 1.81% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in the business. Nisa Investment Advisors LLC increased its stake in shares of Harsco by 770.5% in the first quarter. Nisa Investment Advisors LLC now owns 5,310 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 4,700 shares during the period. Sciencast Management LP bought a new position in shares of Harsco in the first quarter worth about $94,000. Rodgers Brothers Inc. increased its stake in shares of Harsco by 53.8% in the first quarter. Rodgers Brothers Inc. now owns 14,012 shares of the industrial products company’s stock worth $98,000 after purchasing an additional 4,900 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of Harsco by 94.2% in the first quarter. PNC Financial Services Group Inc. now owns 14,881 shares of the industrial products company’s stock worth $104,000 after purchasing an additional 7,218 shares during the period. Finally, Zeke Capital Advisors LLC increased its stake in shares of Harsco by 96.3% in the first quarter. Zeke Capital Advisors LLC now owns 17,308 shares of the industrial products company’s stock worth $121,000 after purchasing an additional 8,493 shares during the period. 90.72% of the stock is owned by institutional investors.

About Harsco

Harsco Corporation provides industrial services and engineered products worldwide. The company operates in three segments: Harsco Metals & Minerals, Harsco Industrial, and Harsco Rail. The Harsco Metals & Minerals segment provides on-site services of material logistics, product quality improvement, and resource recovery for iron, steel, and metals manufacturing; and value added environmental solutions for industrial co-products, as well as produces industrial abrasives and roofing granules.

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