Stericycle (SRCL) Rating Increased to Buy at BidaskClub

Stericycle (NASDAQ:SRCL) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Tuesday.

SRCL has been the subject of several other research reports. ValuEngine downgraded shares of Stericycle from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 2nd. BMO Capital Markets increased their target price on shares of Stericycle from $64.00 to $67.00 and gave the company a “market perform” rating in a report on Friday, May 4th. Finally, Barrington Research reiterated a “buy” rating on shares of Stericycle in a report on Friday, June 1st. Two analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $78.63.

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Shares of SRCL stock traded down $0.22 on Tuesday, hitting $64.87. The stock had a trading volume of 4,323 shares, compared to its average volume of 674,923. The company has a market cap of $5.59 billion, a P/E ratio of 14.97, a P/E/G ratio of 1.47 and a beta of 0.41. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.81 and a quick ratio of 0.81. Stericycle has a 12-month low of $56.64 and a 12-month high of $83.25.

Stericycle (NASDAQ:SRCL) last announced its earnings results on Thursday, May 3rd. The business services provider reported $1.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.05 by $0.16. The company had revenue of $895.00 million during the quarter, compared to the consensus estimate of $880.48 million. Stericycle had a net margin of 0.19% and a return on equity of 14.14%. The firm’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.09 earnings per share. research analysts expect that Stericycle will post 4.63 earnings per share for the current fiscal year.

In related news, CEO Charles A. Alutto sold 13,000 shares of the stock in a transaction dated Tuesday, May 29th. The shares were sold at an average price of $62.68, for a total transaction of $814,840.00. Following the completion of the transaction, the chief executive officer now owns 17,026 shares in the company, valued at $1,067,189.68. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Charles A. Alutto sold 14,000 shares of the stock in a transaction dated Tuesday, May 22nd. The shares were sold at an average price of $64.02, for a total transaction of $896,280.00. Following the transaction, the chief executive officer now owns 18,026 shares of the company’s stock, valued at approximately $1,154,024.52. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 46,834 shares of company stock valued at $2,966,543. 3.50% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Zions Bancorporation bought a new position in Stericycle during the first quarter valued at about $122,000. Federated Investors Inc. PA grew its position in Stericycle by 129.5% during the first quarter. Federated Investors Inc. PA now owns 2,088 shares of the business services provider’s stock valued at $122,000 after buying an additional 1,178 shares during the period. Investors Research Corp bought a new position in Stericycle during the fourth quarter valued at about $212,000. Allianz Asset Management GmbH bought a new position in Stericycle during the fourth quarter valued at about $229,000. Finally, Two Sigma Securities LLC bought a new position in Stericycle during the fourth quarter valued at about $244,000. Institutional investors own 97.56% of the company’s stock.

About Stericycle

Stericycle, Inc, together with its subsidiaries, provides regulated and compliance solutions to the healthcare, retail, and commercial businesses in the United States and internationally. It collects and processes regulated and specialized waste for disposal services; and collects personal and confidential information for secure destruction, as well as offers training, consulting, recall/return, communication, and compliance services.