StockNews.com Initiates Coverage on Stericycle (NASDAQ:SRCL)

Stock analysts at StockNews.com started coverage on shares of Stericycle (NASDAQ:SRCL) in a report issued on Monday. The brokerage set a “hold” rating on the business services provider’s stock.

Other equities analysts have also issued research reports about the company. Royal Bank of Canada reiterated a “sector perform” rating and issued a $62.00 price target (down previously from $69.00) on shares of Stericycle in a research note on Tuesday, June 4th. Keefe, Bruyette & Woods lifted their price target on Stericycle from $135.00 to $142.00 and gave the company an “outperform” rating in a research note on Tuesday, June 4th. Finally, Truist Financial lifted their price target on Stericycle from $50.00 to $62.00 and gave the company a “hold” rating in a research note on Tuesday, June 4th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $74.00.

Stericycle Price Performance

Shares of NASDAQ SRCL opened at $61.69 on Monday. The stock has a market capitalization of $5.73 billion, a PE ratio of -280.41, a P/E/G ratio of 3.36 and a beta of 1.11. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.13 and a quick ratio of 1.13. The business has a fifty day moving average price of $58.80 and a two-hundred day moving average price of $54.37. Stericycle has a fifty-two week low of $37.78 and a fifty-two week high of $61.76.

Stericycle (NASDAQ:SRCL) last announced its quarterly earnings data on Thursday, July 25th. The business services provider reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.04. The firm had revenue of $661.60 million during the quarter, compared to analysts’ expectations of $672.07 million. Stericycle had a return on equity of 7.94% and a net margin of 1.37%. As a group, equities analysts predict that Stericycle will post 2.29 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Stericycle

A number of institutional investors have recently made changes to their positions in SRCL. Sanctuary Advisors LLC acquired a new position in shares of Stericycle in the 2nd quarter valued at about $913,000. Quarry LP lifted its stake in shares of Stericycle by 121.3% in the 2nd quarter. Quarry LP now owns 1,476 shares of the business services provider’s stock valued at $86,000 after purchasing an additional 809 shares during the period. Water Island Capital LLC acquired a new position in shares of Stericycle in the 2nd quarter valued at about $17,550,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Stericycle by 74.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,569 shares of the business services provider’s stock valued at $91,000 after purchasing an additional 672 shares during the period. Finally, Creative Planning lifted its stake in shares of Stericycle by 13.4% in the 2nd quarter. Creative Planning now owns 5,710 shares of the business services provider’s stock valued at $332,000 after purchasing an additional 673 shares during the period. Institutional investors own 98.82% of the company’s stock.

Stericycle Company Profile

Stericycle, Inc, together with its subsidiaries, provides regulated waste and compliance services 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, chemotherapy waste and disposal, controlled substance waste disposal, healthcare hazardous waste, and integrated waste stream solutions; specialty services, such as MedDrop medication collection kiosks, safe community solutions, SafeDrop sharps mailback solutions, and airport and maritime waste services; medical supply store services, that includes sharps and disposable biohazardous waste containers, infection control supplies, and seal&send medication mail back; and compliance solutions including Steri-Safe compliance solutions.