In yesterday’s Wall Street session, Stericycle Inc. (NASDAQ:SRCL) shares traded at $53.35, up 1.00% from the previous session.
7 analysts cover Stericycle Inc. (NASDAQ:SRCL), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $75.00 and a low of $65.00, we find $70.00. Given the previous closing price of $52.82, this indicates a potential upside of 32.53 percent. SRCL stock price is now 4.42% away from the 50-day moving average and 9.90% away from the 200-day moving average. The market capitalization of the company currently stands at $4.85B.
The stock has received a hold rating from 3 analysts and a buy rating from 2. Brokers who have rated the stock have averaged $70.00 as their price target over the next twelve months.
On October 15, 2020, Berenberg recently initiated its ‘Buy’ rating on the stock quoting a target price of $76, while ‘Barrington Research’ rates the stock as ‘Mkt Perform’.
Insiders disposed of 34,903 shares of company stock worth roughly $1.86 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SRCL stock. A new stake in Stericycle Inc. shares was purchased by T. ROWE PRICE INVESTMENT MANAGEMENT, INC. during the first quarter worth $158,274,000. ROBECO SCHWEIZ AG invested $28,841,000 in shares of SRCL during the first quarter. In the first quarter, AMALGAMATED FINANCIAL CORP. acquired a new stake in Stericycle Inc. valued at approximately $3,386,000. MARINER, LLC acquired a new stake in SRCL for approximately $2,895,000. BISHOP ROCK CAPITAL, L.P. purchased a new stake in SRCL valued at around $2,648,000 in the second quarter.
On Monday morning Stericycle Inc. (NASDAQ: SRCL) stock kicked off with the opening price of $52.82. During the past 12 months, Stericycle Inc. has had a low of $39.63 and a high of $60.35. As of last week, the company has a debt-to-equity ratio of 0.72, a current ratio of 1.00, and a quick ratio of 1.00. The fifty day moving average price for SRCL is $51.17 and a two-hundred day moving average price translates $48.52 for the stock.
The latest earnings results from Stericycle Inc. (NASDAQ: SRCL) was released for Jun, 2022. According to the Waste Management Company, earnings per share came in at $0.48, inline with analysts’ expectations of $0.48. This compares to -$0.72 EPS in the same period last year. The net profit margin was 0.30% and return on equity was 0.30% for SRCL. The company reported revenue of $690.3 million for the quarter, compared to $648.9 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.38 percent. For the current quarter, analysts expect SRCL to generate $675.21M in revenue.
Stericycle Inc.(SRCL) Company Profile
Stericycle, Inc., together with its subsidiaries, provides regulated and compliance solutions in the United States, Europe, and internationally. The company offers regulated waste and compliance services, including sharps disposable and management solutions; pharmaceutical waste services; hazardous waste disposal; maritime waste services, such as seaport and airport waste; and compliance programs under the Steri-Safe, Clinical Services, First Practice Management, SeguriMed, and EnviroAssure brand names. It also provides secure information destruction services, including document and hard drive destruction services under the Shred-it brand; and communication solutions, such as appointment reminders, secure messaging, event registration, and other communications specifically for hospitals and integrated delivery networks. The company serves healthcare businesses, including hospitals, physician and dental practices, outpatient clinics, long-term care facilities, etc.; retailers and manufacturers; financial and professional service providers; governmental entities; and other businesses. Stericycle, Inc. was incorporated in 1989 and is headquartered in Bannockburn, Illinois.