Shares of Harsco Corp. (NYSE:HSC) were up 1.7% during mid-day trading on Monday after Jefferies Group raised their price target on the stock from $10.00 to $12.00. Jefferies Group currently has a buy rating on the stock. Harsco Corp. traded as high as $10.23 and last traded at $10.10, with a volume of 253,409 shares traded. The stock had previously closed at $9.93.
HSC has been the subject of several other reports. Lake Street Capital initiated coverage on shares of Harsco Corp. in a research note on Tuesday, September 13th. They set a “buy” rating and a $17.00 target price for the company. Zacks Investment Research cut shares of Harsco Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, September 13th.
Institutional investors have recently modified their holdings of the company. BlackRock Fund Advisors boosted its position in shares of 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. Prudential Financial Inc. boosted its position in shares of 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. Kennedy Capital Management Inc. boosted its position in shares of Harsco Corp. by 79.0% in the first quarter. Kennedy Capital Management Inc. now owns 868,055 shares of the company’s stock worth $4,731,000 after buying an additional 383,110 shares during the last quarter. Ngam Advisors L.P. boosted its position in shares of 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. Finally, Menta Capital LLC boosted its position in shares of Harsco Corp. by 112.6% in the first quarter. Menta Capital LLC now owns 48,904 shares of the company’s stock worth $267,000 after buying an additional 25,900 shares during the last quarter. 80.64% of the stock is owned by institutional investors and hedge funds.
The firm’s market capitalization is $811.36 million. The company has a 50-day moving average price of $9.75 and a 200 day moving average price of $7.90.
Harsco Corp. (NYSE:HSC) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.10 by $0.05. Harsco Corp. had a negative net margin of 3.42% and a positive return on equity of 12.38%. The business earned $370 million during the quarter, compared to analysts’ expectations of $377.30 million. During the same period in the previous year, the business posted $0.08 EPS. The business’s quarterly revenue was down 18.9% compared to the same quarter last year. Equities analysts anticipate that Harsco Corp. will post $0.39 earnings per share for the current fiscal year.
Harsco Corp. Company Profile
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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