ValuEngine Downgrades Stericycle (SRCL) to Sell

ValuEngine lowered shares of Stericycle (NASDAQ:SRCL) from a hold rating to a sell rating in a report issued on Monday morning.

Other equities research analysts also recently issued reports about the company. BidaskClub downgraded Stericycle from a hold rating to a sell rating in a report on Thursday, January 11th. Zacks Investment Research upgraded Stericycle from a sell rating to a hold rating in a report on Wednesday, January 10th. Barrington Research restated a buy rating on shares of Stericycle in a report on Monday, February 26th. BMO Capital Markets restated a hold rating and issued a $72.00 price target on shares of Stericycle in a report on Wednesday, January 24th. Finally, Oppenheimer restated a hold rating on shares of Stericycle in a report on Wednesday, December 13th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $70.67.

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Shares of Stericycle stock opened at $58.57 on Monday. Stericycle has a 1 year low of $56.64 and a 1 year high of $88.00. The stock has a market capitalization of $4,988.09, a price-to-earnings ratio of 13.44, a price-to-earnings-growth ratio of 1.32 and a beta of 0.39. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.90.

Stericycle (NASDAQ:SRCL) last announced its quarterly earnings results on Wednesday, February 21st. The business services provider reported $1.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.14). Stericycle had a return on equity of 13.83% and a net margin of 1.18%. The business had revenue of $887.80 million during the quarter, compared to the consensus estimate of $882.62 million. During the same quarter last year, the company earned $1.00 earnings per share. The firm’s revenue was down 2.1% compared to the same quarter last year. research analysts predict that Stericycle will post 4.58 EPS for the current fiscal year.

In related news, Director Jack W. Schuler purchased 10,000 shares of the firm’s stock in a transaction on Thursday, March 1st. The stock was purchased at an average cost of $62.59 per share, for a total transaction of $625,900.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.50% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Community Financial Services Group LLC lifted its position in shares of Stericycle by 1.5% in the fourth quarter. Community Financial Services Group LLC now owns 53,975 shares of the business services provider’s stock valued at $3,669,000 after buying an additional 795 shares during the last quarter. California State Teachers Retirement System lifted its position in shares of Stericycle by 0.6% in the fourth quarter. California State Teachers Retirement System now owns 138,949 shares of the business services provider’s stock valued at $9,447,000 after buying an additional 815 shares during the last quarter. Armstrong Henry H Associates Inc. lifted its position in shares of Stericycle by 6.9% in the fourth quarter. Armstrong Henry H Associates Inc. now owns 12,830 shares of the business services provider’s stock valued at $872,000 after buying an additional 830 shares during the last quarter. Amalgamated Bank lifted its position in shares of Stericycle by 9.6% in the fourth quarter. Amalgamated Bank now owns 10,442 shares of the business services provider’s stock valued at $710,000 after buying an additional 918 shares during the last quarter. Finally, Addenda Capital Inc. lifted its position in shares of Stericycle by 3.5% in the fourth quarter. Addenda Capital Inc. now owns 32,086 shares of the business services provider’s stock valued at $2,182,000 after buying an additional 1,084 shares during the last quarter. 94.28% of the stock is owned by institutional investors.

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About Stericycle

Stericycle, Inc is a business-to-business services provider. The Company focuses on regulated and compliance solutions for healthcare, retail, and commercial businesses. The Company’s segments include Domestic and Canada Regulated Waste and Compliance Services (RCS), Domestic Communication and Related Services (CRS), International RCS and All other.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Stericycle (NASDAQ:SRCL)

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