Heritage-Crystal Clean (HCCI) Upgraded by Zacks Investment Research to Buy

Heritage-Crystal Clean (NASDAQ:HCCI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Friday. The brokerage presently has a $27.00 target price on the industrial products company’s stock. Zacks Investment Research‘s target price points to a potential upside of 18.16% from the stock’s current price.

According to Zacks, “HERITAGE-CRYSTAL CLEAN, LLC, headquartered in Elgin, Illinois, is a privately-held marketing and sales Company that concentrates on servicing the automotive repair, commercial and industrial marketplaces, primarily in the Midwest and Eastern States. “

HCCI has been the topic of several other research reports. BidaskClub raised Heritage-Crystal Clean from a “sell” rating to a “hold” rating in a research report on Wednesday, December 6th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $23.00 target price on shares of Heritage-Crystal Clean in a research report on Thursday, October 19th. Robert W. Baird upped their target price on Heritage-Crystal Clean from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Friday, October 20th. Finally, Roth Capital set a $24.00 target price on Heritage-Crystal Clean and gave the company a “buy” rating in a research report on Friday, October 20th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $23.50.

Heritage-Crystal Clean (HCCI) opened at $22.85 on Friday. Heritage-Crystal Clean has a 12-month low of $12.85 and a 12-month high of $25.20. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.51 and a quick ratio of 2.02. The company has a market capitalization of $552.55, a P/E ratio of 26.57, a PEG ratio of 1.78 and a beta of 1.96.

Heritage-Crystal Clean (NASDAQ:HCCI) last posted its earnings results on Wednesday, October 18th. The industrial products company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.03). Heritage-Crystal Clean had a net margin of 5.56% and a return on equity of 6.76%. The firm had revenue of $83.33 million during the quarter, compared to analyst estimates of $85.32 million. sell-side analysts expect that Heritage-Crystal Clean will post 0.63 EPS for the current fiscal year.

Several hedge funds have recently modified their holdings of the stock. Schwab Charles Investment Management Inc. boosted its stake in shares of Heritage-Crystal Clean by 0.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 53,099 shares of the industrial products company’s stock valued at $845,000 after buying an additional 399 shares during the period. Nationwide Fund Advisors boosted its stake in shares of Heritage-Crystal Clean by 10.0% in the second quarter. Nationwide Fund Advisors now owns 8,497 shares of the industrial products company’s stock valued at $135,000 after buying an additional 770 shares during the period. Teachers Advisors LLC boosted its stake in shares of Heritage-Crystal Clean by 5.0% in the second quarter. Teachers Advisors LLC now owns 23,336 shares of the industrial products company’s stock valued at $371,000 after buying an additional 1,106 shares during the period. Rhumbline Advisers boosted its stake in shares of Heritage-Crystal Clean by 8.3% in the second quarter. Rhumbline Advisers now owns 14,912 shares of the industrial products company’s stock valued at $237,000 after buying an additional 1,140 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Heritage-Crystal Clean by 18.3% in the second quarter. The Manufacturers Life Insurance Company now owns 14,315 shares of the industrial products company’s stock valued at $227,000 after buying an additional 2,214 shares during the period. Institutional investors and hedge funds own 58.56% of the company’s stock.

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Heritage-Crystal Clean Company Profile

Heritage-Crystal Clean, Inc provides full-service parts cleaning, containerized waste management, used oil collection, vacuum truck services and antifreeze recycling. The Company owns and operates a used oil re-refinery. The Company operates through two segments: Environmental Services and Oil Business.

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Analyst Recommendations for Heritage-Crystal Clean (NASDAQ:HCCI)

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