StockNews.com Initiates Coverage on Stericycle (NASDAQ:SRCL)

Stock analysts at StockNews.com initiated coverage on shares of Stericycle (NASDAQ:SRCL) in a report released on Tuesday. The firm set a “hold” rating on the business services provider’s stock.

Other equities research analysts have also issued research reports about the company. Royal Bank of Canada reiterated a “sector perform” rating and issued a $62.00 target price (down previously from $69.00) on shares of Stericycle in a research report on Tuesday, June 4th. Keefe, Bruyette & Woods increased their price objective on shares of Stericycle from $135.00 to $142.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 4th. Robert W. Baird decreased their target price on shares of Stericycle from $62.00 to $55.00 and set a “neutral” rating for the company in a research report on Friday, April 26th. Finally, Truist Financial upped their price target on shares of Stericycle from $50.00 to $62.00 and gave the company a “hold” rating in a report on Tuesday, June 4th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Stericycle currently has an average rating of “Hold” and a consensus price target of $74.00.

Stericycle Stock Performance

Shares of Stericycle stock opened at $58.50 on Tuesday. The company has a market capitalization of $5.43 billion, a PE ratio of -265.91, a P/E/G ratio of 3.16 and a beta of 1.11. The company has a 50-day simple moving average of $55.88 and a two-hundred day simple moving average of $51.91. Stericycle has a one year low of $37.78 and a one year high of $59.45. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.11 and a current ratio of 1.11.

Stericycle (NASDAQ:SRCL) last posted its earnings results on Thursday, April 25th. The business services provider reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.03. Stericycle had a negative net margin of 0.74% and a positive return on equity of 7.31%. The company had revenue of $664.90 million during the quarter, compared to analysts’ expectations of $676.42 million. During the same quarter in the prior year, the company posted $0.49 earnings per share. Stericycle’s revenue for the quarter was down 2.8% compared to the same quarter last year. Research analysts expect that Stericycle will post 2.32 EPS for the current fiscal year.

Institutional Investors Weigh In On Stericycle

Several institutional investors and hedge funds have recently modified their holdings of SRCL. Clearstead Trust LLC purchased a new stake in shares of Stericycle during the first quarter worth $25,000. Principal Securities Inc. purchased a new stake in Stericycle during the 4th quarter worth about $41,000. GAMMA Investing LLC raised its position in Stericycle by 170.9% in the 1st quarter. GAMMA Investing LLC now owns 818 shares of the business services provider’s stock valued at $43,000 after purchasing an additional 516 shares in the last quarter. TFO Wealth Partners LLC boosted its stake in shares of Stericycle by 22,325.0% in the 4th quarter. TFO Wealth Partners LLC now owns 897 shares of the business services provider’s stock valued at $44,000 after buying an additional 893 shares during the period. Finally, Headlands Technologies LLC acquired a new position in shares of Stericycle during the first quarter worth about $44,000. Hedge funds and other institutional investors own 98.82% of the company’s stock.

Stericycle Company Profile

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.