Stericycle, Inc. (NASDAQ:SRCL) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Monday, August 7th.
According to Zacks, “Stericycle reported solid second-quarter 2017 results with a healthy improvement in revenues on a year-over-year basis. The company has a competitive edge with the largest collection and transportation network in the industry, which reduces operating costs and allows it to compete effectively on both service and price perspectives. International growth rates are expected to accelerate due to increasing customer adoption and expansion into new lines of business. In addition, the acquisition pool of the company remains robust in multiple geographies and lines of business. However, low barriers to entry in the industry and stiff competition from local as well as global players significantly reduce its price control. High operating costs continue to be a headwind for Stericycle. In addition, a challenging macroeconomic environment and volatility in foreign exchange are affecting margins. Stericycle also underperformed the industry year to date.”
A number of other research analysts have also issued reports on SRCL. Jefferies Group LLC set a $108.00 price objective on shares of Stericycle and gave the company a “buy” rating in a report on Saturday, May 6th. BidaskClub downgraded shares of Stericycle from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. Robert W. Baird downgraded shares of Stericycle from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $74.00 to $73.00 in a research report on Monday, May 15th. BMO Capital Markets initiated coverage on shares of Stericycle in a research report on Thursday, June 29th. They set a “market perform” rating and a $81.00 target price for the company. Finally, Barclays PLC initiated coverage on shares of Stericycle in a research report on Thursday, April 13th. They set an “overweight” rating and a $100.00 target price for the company. Four research analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $81.15.
Shares of Stericycle (NASDAQ:SRCL) traded down 0.49% during midday trading on Monday, hitting $70.70. 633,268 shares of the stock traded hands. The firm’s 50-day moving average is $75.61 and its 200 day moving average is $80.16. The company’s market capitalization is $6.03 billion. Stericycle has a 52 week low of $70.24 and a 52 week high of $88.00.
Stericycle (NASDAQ:SRCL) last issued its quarterly earnings data on Thursday, August 3rd. The business services provider reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.02. The business had revenue of $917.70 million during the quarter, compared to analyst estimates of $902.81 million. Stericycle had a negative net margin of 0.07% and a positive return on equity of 14.35%. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the business earned $1.18 EPS. Equities analysts forecast that Stericycle will post $4.60 earnings per share for the current year.
Several hedge funds have recently made changes to their positions in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Stericycle by 0.4% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,335 shares of the business services provider’s stock valued at $483,000 after buying an additional 24 shares during the period. RiverPoint Capital Management LLC increased its stake in Stericycle by 0.6% in the second quarter. RiverPoint Capital Management LLC now owns 5,152 shares of the business services provider’s stock valued at $393,000 after buying an additional 29 shares during the last quarter. HighTower Advisors LLC increased its stake in Stericycle by 0.5% in the first quarter. HighTower Advisors LLC now owns 7,604 shares of the business services provider’s stock valued at $627,000 after buying an additional 41 shares during the last quarter. Morgan Dempsey Capital Management LLC increased its stake in Stericycle by 2.6% in the first quarter. Morgan Dempsey Capital Management LLC now owns 1,902 shares of the business services provider’s stock valued at $158,000 after buying an additional 48 shares during the last quarter. Finally, Pacer Advisors Inc. increased its stake in Stericycle by 3.3% in the first quarter. Pacer Advisors Inc. now owns 1,735 shares of the business services provider’s stock valued at $144,000 after buying an additional 55 shares during the last quarter. 94.56% of the stock is owned by institutional investors.
Stericycle Company Profile
Stericycle, Inc is a business-to-business services provider. The Company focuses on regulated and compliance solutions for healthcare, retail, and commercial businesses. The Company’s segments include Domestic and Canada Regulated Waste and Compliance Services (RCS), Domestic Communication and Related Services (CRS), International RCS and All other.
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