Stericycle Inc. (NASDAQ:SRCL) shares traded 0.59% higher at $44.47 on Wall Street last session.
In accordance with the data, 8 analysts cover Stericycle Inc. (NASDAQ:SRCL). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $70.00 and a low of $45.00, we find $55.00. Given the previous closing price of $44.21, this indicates a potential upside of 24.41 percent. SRCL stock price is now -0.21% away from the 50-day moving average and -5.12% away from the 200-day moving average. The market capitalization of the company currently stands at $4.09B.
It has been rated a hold by 4 analysts and a buy by 2. Brokers who have rated the stock have averaged $56.25 as their price target over the next twelve months.
With the price target of $45, Truist recently initiated with Hold rating for Stericycle Inc. (NASDAQ: SRCL).
In other news, Reuter Joseph Anthony, EVP & Chief People Officer bought 7,000 shares of the company’s stock on Jun 07. The stock was bought for $308,619 at an average price of $44.09. Upon completion of the transaction, the EVP & Chief People Officer now directly owns 24,209 shares in the company, valued at $1.08 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 24, Director Gursahaney Naren K bought 6,000 shares of the business’s stock. A total of $287,477 was incurred on buying the stock at an average price of $47.91. This leaves the insider owning 6,000 shares of the company worth $0.27 million. Insiders disposed of 70,098 shares of company stock worth roughly $3.12 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 HARVEY PARTNERS, LLC during the first quarter worth $13,341,000. HEARTLAND ADVISORS INC invested $12,451,000 in shares of SRCL during the first quarter. In the first quarter, FIRST EAGLE INVESTMENT MANAGEMENT, LLC acquired a new stake in Stericycle Inc. valued at approximately $4,647,000. FIRST TRUST ADVISORS LP acquired a new stake in SRCL for approximately $3,682,000. AE WEALTH MANAGEMENT LLC purchased a new stake in SRCL valued at around $3,408,000 in the second quarter. In total, there are 467 active investors with 100.25% ownership of the company’s stock.
Stericycle Inc. (NASDAQ: SRCL) opened at $44.50 on Friday. During the past 12 months, Stericycle Inc. has had a low of $39.63 and a high of $56.12. As of last week, the company has a debt-to-equity ratio of 0.53, a current ratio of 0.90, and a quick ratio of 0.90. According to the stock market information, the enterprise value for the company is $5.85B, which is based on a 190.86 price-to-earnings ratio, a 17.35 price-to-earnings-growth ratio, and a beta of 1.23. The fifty day moving average price for SRCL is $44.56 and a two-hundred day moving average price translates $46.83 for the stock.
The latest earnings results from Stericycle Inc. (NASDAQ: SRCL) was released for Jun, 2023. According to the Waste Management Company, earnings per share came in at $0.43, missing analysts’ expectations of $0.49 by -0.06. This compares to $0.11 EPS in the same period last year. The net profit margin was 0.80% and return on equity was 0.90% for SRCL. The company reported revenue of $669.5 million for the quarter, compared to $679.8 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.52 percent. For the current quarter, analysts expect SRCL to generate $680.09M 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 regulated medical waste, sharps waste management and disposal, pharmaceutical waste management and disposal, controlled substance waste disposal, healthcare hazardous waste, and COVID 19 waste disposal; specialty services, such as MedDrop medication collection kiosks, safe community solutions, sharps mailback solutions, and maritime waste services; medical supply store services; pharmaceutical waste services; hazardous waste disposal; 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. The company serves healthcare businesses, including hospitals, health systems, physician and dental clinics, surgery centers, veterinary clinics, nursing and long-term care facilities, dialysis centers, pharmacy, lab, research centers, and home health organizations etc.; retailers and manufacturers; and airports and seaports, education institutions, funeral homes and crematories, government and military, banks and professional services, and other businesses. Stericycle, Inc. was incorporated in 1989 and is headquartered in Bannockburn, Illinois.
