Stifel Nicolaus Issues Pessimistic Forecast for Clean Harbors (NYSE:CLH) Stock Price

Clean Harbors (NYSE:CLH) had its price objective lowered by research analysts at Stifel Nicolaus from $290.00 to $285.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the business services provider’s stock. Stifel Nicolaus’ price target suggests a potential upside of 30.87% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on CLH. TD Cowen started coverage on shares of Clean Harbors in a research note on Friday, December 6th. They issued a “buy” rating and a $325.00 price target on the stock. Robert W. Baird lowered their target price on shares of Clean Harbors from $285.00 to $272.00 and set an “outperform” rating on the stock in a research note on Thursday. Oppenheimer lowered their target price on shares of Clean Harbors from $256.00 to $254.00 and set an “outperform” rating on the stock in a research note on Thursday. BMO Capital Markets lowered their target price on shares of Clean Harbors from $284.00 to $270.00 and set an “outperform” rating on the stock in a research note on Thursday. Finally, StockNews.com lowered shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $270.56.

Clean Harbors Stock Up 2.6 %

Shares of Clean Harbors stock opened at $217.77 on Thursday. The company has a current ratio of 2.21, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08. The company’s fifty day simple moving average is $233.16 and its two-hundred day simple moving average is $242.03. The company has a market cap of $11.74 billion, a P/E ratio of 29.35 and a beta of 1.24. Clean Harbors has a 12-month low of $180.24 and a 12-month high of $267.11.

Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.19. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.43 billion. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The company’s revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.82 EPS. Research analysts anticipate that Clean Harbors will post 8.08 EPS for the current year.

Insider Buying and Selling at Clean Harbors

In other news, EVP Brian P. Weber sold 861 shares of Clean Harbors stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $261.31, for a total transaction of $224,987.91. Following the completion of the sale, the executive vice president now directly owns 59,346 shares in the company, valued at approximately $15,507,703.26. This trade represents a 1.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lauren States sold 308 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $245.06, for a total value of $75,478.48. Following the transaction, the director now owns 12,534 shares in the company, valued at approximately $3,071,582.04. This represents a 2.40 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,785 shares of company stock valued at $444,558 in the last three months. 5.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Clean Harbors

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hantz Financial Services Inc. boosted its holdings in Clean Harbors by 1.4% in the third quarter. Hantz Financial Services Inc. now owns 2,803 shares of the business services provider’s stock worth $678,000 after acquiring an additional 39 shares in the last quarter. Icon Wealth Advisors LLC boosted its holdings in Clean Harbors by 8.4% in the third quarter. Icon Wealth Advisors LLC now owns 581 shares of the business services provider’s stock worth $140,000 after acquiring an additional 45 shares in the last quarter. Traynor Capital Management Inc. boosted its holdings in Clean Harbors by 3.6% in the fourth quarter. Traynor Capital Management Inc. now owns 1,450 shares of the business services provider’s stock worth $334,000 after acquiring an additional 50 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Clean Harbors by 11.8% during the third quarter. Signaturefd LLC now owns 491 shares of the business services provider’s stock worth $119,000 after purchasing an additional 52 shares during the period. Finally, CIBC Asset Management Inc lifted its holdings in shares of Clean Harbors by 3.5% during the third quarter. CIBC Asset Management Inc now owns 1,563 shares of the business services provider’s stock worth $378,000 after purchasing an additional 53 shares during the period. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Clean Harbors Company Profile

Clean Harbors, Inc provides environmental and industrial services in the United States and internationally. The company operates through two segments, Environmental Services and Safety-Kleen Sustainability Solutions. The Environmental Services segment collects, transports, treats, and disposes hazardous and non-hazardous waste, such as resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and offers CleanPack services, including collection, identification, categorization, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous waste.