Stericycle, Inc. (NASDAQ:SRCL) Receives Consensus Recommendation of “Hold” from Brokerages

Stericycle, Inc. (NASDAQ:SRCL) has received a consensus rating of “Hold” from the six analysts that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $74.00.

Separately, StockNews.com assumed coverage on shares of Stericycle in a research report on Saturday. They set a “hold” rating for the company.

Stericycle Stock Performance

NASDAQ SRCL opened at $60.96 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market capitalization of $5.66 billion, a PE ratio of 160.42, a price-to-earnings-growth ratio of 3.32 and a beta of 1.11. Stericycle has a 52-week low of $37.78 and a 52-week high of $61.77. The company has a 50-day simple moving average of $60.39 and a 200 day simple moving average of $56.12.

Stericycle (NASDAQ:SRCL) last issued its quarterly earnings results on Thursday, July 25th. The business services provider reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.04. The firm had revenue of $661.60 million for 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%. On average, research analysts predict that Stericycle will post 2.29 EPS for the current year.

Institutional Trading of Stericycle

A number of hedge funds and other institutional investors have recently bought and sold shares of SRCL. Vanguard Group Inc. boosted its holdings in Stericycle by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 8,969,118 shares of the business services provider’s stock valued at $444,509,000 after purchasing an additional 52,576 shares during the period. GAMMA Investing LLC boosted its stake in Stericycle by 170.9% during the first quarter. GAMMA Investing LLC now owns 818 shares of the business services provider’s stock valued at $43,000 after buying an additional 516 shares during the period. Allspring Global Investments Holdings LLC grew its position in Stericycle by 23.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 557,562 shares of the business services provider’s stock worth $29,411,000 after buying an additional 107,562 shares in the last quarter. State of Michigan Retirement System increased its stake in Stericycle by 2.3% in the 1st quarter. State of Michigan Retirement System now owns 22,719 shares of the business services provider’s stock worth $1,198,000 after acquiring an additional 500 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of Stericycle by 2.6% in the 1st quarter. Principal Financial Group Inc. now owns 348,324 shares of the business services provider’s stock valued at $18,374,000 after acquiring an additional 8,668 shares in the last quarter. Institutional investors own 98.82% of the company’s stock.

About Stericycle

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.