TD Cowen Forecasts Strong Price Appreciation for Clean Harbors (NYSE:CLH) Stock

Key Points

• TD Cowen raised Clean Harbors’ price target to $395 from $390 and maintained a “buy” rating, implying 28.42% upside from the reported share price. Analysts overall rate the stock “Moderate Buy,” with an average target of $365.
• Clean Harbors reported strong quarterly results, with revenue up 20.7% year over year to $1.87 billion and EPS of $3.93, beating estimates of $1.73 billion and $3.26, respectively. Management also raised full-year adjusted EBITDA guidance to $1.46 billion at the midpoint.
• Despite solid growth prospects and planned investments, the stock trades near its 12-month high at a relatively elevated valuation; recent insider share sales and the upcoming CEO transition are additional factors for investors to monitor.

Clean Harbors (NYSE:CLH - Get Free Report) had its price target increased by analysts at TD Cowen from $390.00 to $395.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has a "buy" rating on the business services provider's stock. TD Cowen's price target would indicate a potential upside of 28.42% from the company's current price.

Several other brokerages have also issued reports on CLH. UBS Group raised Clean Harbors from a "neutral" rating to a "buy" rating and upped their price target for the company from $325.00 to $375.00 in a research note on Wednesday, October 21st. Wells Fargo & Company lifted their price objective on Clean Harbors from $313.00 to $349.00 and gave the stock an "equal weight" rating in a research report on Friday, July 31st. Barclays boosted their price objective on Clean Harbors from $325.00 to $335.00 and gave the stock an "equal weight" rating in a report on Thursday, October 8th. Needham & Company LLC upped their target price on shares of Clean Harbors from $325.00 to $390.00 and gave the company a "buy" rating in a research report on Thursday, July 30th. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating on shares of Clean Harbors in a research note on Wednesday, July 29th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Clean Harbors currently has a consensus rating of "Moderate Buy" and an average price target of $365.00.

Clean Harbors Price Performance

Shares of Clean Harbors stock traded down $5.68 during midday trading on Thursday, reaching $307.58. The company had a trading volume of 206,413 shares, compared to its average volume of 488,857. The company has a current ratio of 2.13, a quick ratio of 1.80 and a debt-to-equity ratio of 0.94. The stock has a fifty day simple moving average of $316.64 and a 200 day simple moving average of $297.20. Clean Harbors has a 1-year low of $201.34 and a 1-year high of $335.94. The company has a market capitalization of $16.24 billion, a price-to-earnings ratio of 37.31, a price-to-earnings-growth ratio of 1.85 and a beta of 0.87.

Clean Harbors (NYSE:CLH - Get Free Report) last posted its quarterly earnings data on Wednesday, October 28th. The business services provider reported $3.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.26 by $0.67. The firm had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.73 billion. Clean Harbors had a return on equity of 15.65% and a net margin of 7.03%. The business's revenue for the quarter was up 20.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.21 EPS. As a group, equities research analysts forecast that Clean Harbors will post 9.94 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Eric W. Gerstenberg sold 2,500 shares of the business's stock in a transaction on Friday, August 14th. The stock was sold at an average price of $321.34, for a total transaction of $803,350.00. Following the completion of the transaction, the chief executive officer owned 56,793 shares of the company's stock, valued at approximately $18,249,862.62. The trade was a 4.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Andrea Robertson sold 789 shares of the company's stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $314.01, for a total transaction of $247,753.89. Following the transaction, the director owned 8,979 shares of the company's stock, valued at $2,819,495.79. This trade represents a 8.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 5.00% of the company's stock.

Institutional Trading of Clean Harbors

A number of institutional investors have recently bought and sold shares of the company. Reyes Financial Architecture Inc. purchased a new stake in Clean Harbors during the third quarter valued at $31,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Clean Harbors in the second quarter worth about $36,000. Elevation Wealth Partners LLC boosted its position in Clean Harbors by 317.6% in the third quarter. Elevation Wealth Partners LLC now owns 142 shares of the business services provider's stock worth $44,000 after purchasing an additional 108 shares during the last quarter. Pension & Wealth Management Advisors Inc. bought a new stake in shares of Clean Harbors during the 3rd quarter valued at about $53,000. Finally, Root Financial Partners LLC grew its stake in shares of Clean Harbors by 99.2% during the 1st quarter. Root Financial Partners LLC now owns 241 shares of the business services provider's stock valued at $69,000 after purchasing an additional 120 shares during the period. Institutional investors own 90.43% of the company's stock.

Clean Harbors News Summary

Here are the key news stories impacting Clean Harbors this week:

• Positive Sentiment: Record quarterly performance: Third-quarter revenue rose 21% year over year to $1.87 billion, exceeding the $1.73 billion consensus estimate. Adjusted earnings of $3.93 per share also surpassed expectations, while earnings increased substantially from $2.21 per share a year earlier. Clean Harbors Announces Third-Quarter 2026 Financial Results
• Positive Sentiment: Guidance raised: Management increased full-year adjusted EBITDA guidance to a midpoint of $1.46 billion, signaling continued demand for environmental and industrial services and sustainable products. Clean Harbors: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Growth investments and demand: Clean Harbors disclosed plans for a $55 million Los Angeles-area hub, while a roughly $120 million emergency-response project helped drive quarterly results. These developments highlight potential capacity expansion, although the emergency work may not recur at the same level. Clean Harbors reveals $55M Los Angeles hub, co-CEO’s retirement
• Neutral Sentiment: CEO transition: Eric Gerstenberg will become sole CEO on January 1, 2027, when Co-CEO and director Mike Battles retires. Battles will remain a strategic adviser during 2027, which may support continuity but creates a near-term execution and succession issue for investors to monitor. Clean Harbors Announces Eric Gerstenberg as CEO
• Negative Sentiment: Valuation and profit-taking: With CLH trading near its 12-month high and at a relatively elevated earnings multiple, investors may be taking profits after the strong rally. Broker commentary also raised questions about whether the shares are fully valued, limiting the immediate upside from the earnings beat. Clean Harbors Broker Upgrades Raise Valuation Questions

About Clean Harbors

Clean Harbors, Inc provides environmental, energy and industrial services to customers across North America. The company serves a broad range of industries, including manufacturing, government, utilities, energy and transportation, helping customers manage hazardous and non-hazardous materials, maintain industrial facilities and respond to environmental emergencies.

Its services include hazardous waste collection, transportation, treatment and disposal; incineration; recycling and waste-to-fuel programs; wastewater treatment; and used-oil collection and re-refining.

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