Stericycle (NASDAQ:SRCL) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Stericycle (NASDAQ:SRCL) in a research note issued to investors on Tuesday. The firm set a “hold” rating on the business services provider’s stock.

A number of other research firms have also recently weighed in on SRCL. Keefe, Bruyette & Woods lifted their price objective on Stericycle from $135.00 to $142.00 and gave the company an “outperform” rating in a research report on Tuesday, June 4th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $62.00 price objective (down from $69.00) on shares of Stericycle in a research report on Tuesday, June 4th. Finally, Truist Financial boosted their price target on Stericycle from $50.00 to $62.00 and gave the stock a “hold” rating in a report on Tuesday, June 4th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $74.00.

Stericycle Stock Down 0.0 %

SRCL stock opened at $61.68 on Tuesday. Stericycle has a twelve month low of $37.78 and a twelve month high of $61.77. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.55. The stock has a market cap of $5.73 billion, a P/E ratio of -280.36, a PEG ratio of 3.37 and a beta of 1.11. The business’s 50-day moving average price is $59.06 and its 200-day moving average price is $54.62.

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Capital Research Global Investors raised its holdings in shares of Stericycle by 13.4% during the 4th quarter. Capital Research Global Investors now owns 5,987,937 shares of the business services provider’s stock worth $296,762,000 after acquiring an additional 705,586 shares in the last quarter. First Eagle Investment Management LLC raised its holdings in shares of Stericycle by 5.2% during the 1st quarter. First Eagle Investment Management LLC now owns 242,975 shares of the business services provider’s stock worth $12,817,000 after acquiring an additional 12,000 shares in the last quarter. Robeco Institutional Asset Management B.V. purchased a new stake in shares of Stericycle during the 4th quarter worth approximately $156,000. Illinois Municipal Retirement Fund purchased a new stake in shares of Stericycle during the 1st quarter worth approximately $756,000. Finally, Sei Investments Co. raised its holdings in shares of Stericycle by 5.9% during the 1st quarter. Sei Investments Co. now owns 1,124,481 shares of the business services provider’s stock worth $59,316,000 after acquiring an additional 63,112 shares in the last quarter. 98.82% of the stock is owned by hedge funds and other institutional investors.

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.