Harsco Corp. (NYSE:HSC) had its price objective lifted by equities researchers at Jefferies Group to $12.00 in a report issued on Monday. The firm presently has a “buy” rating on the stock. Jefferies Group’s target price points to a potential upside of 20.85% from the stock’s current price.
A number of other equities analysts have also commented on the company. Zacks Investment Research lowered Harsco Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, September 13th. Lake Street Capital started coverage on Harsco Corp. in a research note on Tuesday, September 13th. They set a “buy” rating and a $17.00 price objective for the company.
Shares of Harsco Corp. (NYSE:HSC) opened at 9.93 on Monday. Harsco Corp. has a 52-week low of $3.55 and a 52-week high of $12.54. The firm has a 50 day moving average price of $9.79 and a 200-day moving average price of $7.80. The company’s market cap is $796.13 million.
Harsco Corp. (NYSE:HSC) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.15 EPS for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.05. Harsco Corp. had a positive return on equity of 12.38% and a negative net margin of 3.42%. The firm earned $370 million during the quarter, compared to analyst estimates of $377.30 million. During the same period last year, the company earned $0.08 earnings per share. The business’s revenue for the quarter was down 18.9% on a year-over-year basis. Equities research analysts anticipate that Harsco Corp. will post $0.39 earnings per share for the current year.
A number of large investors have recently bought and sold shares of the stock. Los Angeles Capital Management & Equity Research Inc. increased its stake in Harsco Corp. by 221.4% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 252,930 shares of the company’s stock worth $1,378,000 after buying an additional 174,230 shares during the last quarter. Ngam Advisors L.P. increased its stake in Harsco Corp. by 23.8% in the first quarter. Ngam Advisors L.P. now owns 40,372 shares of the company’s stock worth $220,000 after buying an additional 7,765 shares during the last quarter. Prudential Financial Inc. increased its stake in Harsco Corp. by 15.1% in the first quarter. Prudential Financial Inc. now owns 423,552 shares of the company’s stock worth $2,308,000 after buying an additional 55,700 shares during the last quarter. BlackRock Fund Advisors increased its stake in Harsco Corp. by 0.4% in the first quarter. BlackRock Fund Advisors now owns 5,042,950 shares of the company’s stock worth $27,484,000 after buying an additional 18,202 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Harsco Corp. by 13,955,200.0% in the first quarter. JPMorgan Chase & Co. now owns 558,212 shares of the company’s stock worth $3,042,000 after buying an additional 558,208 shares during the last quarter. 80.64% of the stock is owned by institutional investors.
About Harsco Corp.
Harsco Corporation is a provider of industrial services and engineered products serving global industries. The Company operates in three segments: Harsco Metals & Minerals, Harsco Industrial and Harsco Rail. Its Harsco Metals & Minerals segment is a provider of on-site, outsourced services to the metals industries across the world.
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