Clean Harbors, Inc. (CLH) Coverage Initiated with Perform Rating at Oppenheimer

Clean Harbors, Inc. (CLH) has been initiated today with coverage from the research analysts at Oppenheimer.  Oppenheimer begins this new coverage of CLH with an initial price target set at $110 and rates CLH as “perform.”

Clean Harbors is slated to release their next earnings report on August 4th, 2011  and is estimated to post EPS of 83 cents.  Their last earnings report was released on May 4th, 2011 and announced EPS of 86 cents with revenue totaling 435 million which was up 22.6 % year to year.  CLH is currently trading between its 50 & 200-day moving averages and 2011 is an up year for the company.

Clean Harbors, Inc. and its subsidiaries is a provider of environmental, energy and industrial services throughout North America.  They serve over 50,000 customers, including a majority of Fortune 500 companies, thousands of smaller private entities and numerous federal, state, provincial and local governmental agencies.  The company has market capitalization of $2,617,000,000 and 26,470,000 shares outstanding.  CLH has a 52-week high of $106.61 with the low being $58.30.

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