The price of Harsco Corporation (NYSE:HSC) shares last traded on Wall Street fell -3.84% to $7.02.
Based on available information, 5 analysts follow Harsco Corporation (NYSE:HSC). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $19.00 and a low of $7.50, we find $10.00. Given the previous closing price of $7.30, this indicates a potential upside of 36.99 percent. HSC stock price is now 4.32% away from the 50-day moving average and 2.37% away from the 200-day moving average. The market capitalization of the company currently stands at $548.89M.
Among analysts, 2 rate the stock a hold while 3 rate it a buy. Brokers who have rated the stock have averaged $11.90 as their price target over the next twelve months.
With the price target of $7, BMO Capital Markets recently initiated with Market Perform rating for Harsco Corporation (NYSE: HSC). On March 30, 2022, DA Davidson recently initiated its ‘Buy’ rating on the stock quoting a target price of $18, while ‘Argus’ rates the stock as ‘Hold’.
In other news, GRASBERGER F NICHOLAS III, Chairman, President and CEO bought 25,000 shares of the company’s stock on Feb 28. The stock was bought for $298,000 at an average price of $11.92. Upon completion of the transaction, the Chairman, President and CEO now directly owns 701,776 shares in the company, valued at $4.93 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 28, SVP and CFO Aga Anshooman bought 2,000 shares of the business’s stock. A total of $23,560 was incurred on buying the stock at an average price of $11.78. This leaves the insider owning 4,000 shares of the company worth $28080.0. Insiders disposed of 80,397 shares of company stock worth roughly $0.56 million over the past 1 year. A total of 0.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in HSC stock. A new stake in Harsco Corporation shares was purchased by PARADIGM CAPITAL MANAGEMENT INC/NY during the first quarter worth $2,380,000. ARROWSTREET CAPITAL, LIMITED PARTNERSHIP invested $1,350,000 in shares of HSC during the first quarter. In the first quarter, CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. acquired a new stake in Harsco Corporation valued at approximately $1,058,000. OCCUDO QUANTITATIVE STRATEGIES LP acquired a new stake in HSC for approximately $998,000. WALLEYE CAPITAL LLC purchased a new stake in HSC valued at around $953,000 in the second quarter. In total, there are 260 active investors with 98.25% ownership of the company’s stock.
A candlestick chart of Harsco Corporation (NYSE: HSC) showed a price of $7.33 on Wednesday morning. During the past 12 months, Harsco Corporation has had a low of $3.73 and a high of $17.39. As of last week, the company has a debt-to-equity ratio of 2.33, a current ratio of 1.30, and a quick ratio of 1.20. The fifty day moving average price for HSC is $6.73 and a two-hundred day moving average price translates $6.86 for the stock.
The latest earnings results from Harsco Corporation (NYSE: HSC) was released for Jun, 2022. According to the Specialty Industrial Machinery Company, earnings per share came in at $0.01, beating analysts’ expectations of -$0.01 by 0.02. This compares to $0.03 EPS in the same period last year. The net profit margin was -10.30% and return on equity was -25.40% for HSC. The company reported revenue of $486.91 million for the quarter, compared to $470.38 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.51 percent. For the current quarter, analysts expect HSC to generate $474.85M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 02/16/2016. Investors who held shares on 01/15/2016 were paid a $0.05125 dividend.
Harsco Corporation(HSC) Company Profile
Harsco Corporation provides environmental solutions for industrial and specialty waste streams worldwide. It operates through two segments, Harsco Environmental and Harsco Clean Earth. The Harsco Environmental segment offers on-site services for material logistics, product quality improvement, and resource recovery for iron, steel, and metals manufacturing; manufactures and sells industrial abrasives, roofing granules, aluminum dross, and scrap processing systems; and produces value-added downstream products from industrial waste-stream. The Harsco Clean Earth segment provides waste management services, including transportation, specialty waste processing, and recycling and beneficial reuse solutions for hazardous wastes, and soil and dredged materials. The company was founded in 1853 and is headquartered in Camp Hill, Pennsylvania.