Clean Harbors (NYSE:CLH) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Key Points

• Goldman Sachs raised its price target on Clean Harbors from $268 to $306 while keeping a "neutral" rating; the average analyst target is about $308.09 and the consensus rating is "Moderate Buy."
• Shares traded up to $304.76 mid‑day, giving Clean Harbors a market cap of $16.12 billion and a trailing PE of 41.87, with a 52‑week range of $179.47–$316.98.
• Clean Harbors slightly beat quarterly expectations with $1.62 EPS vs. $1.59 expected and $1.50B in revenue (up 4.8% YoY), and analysts project $7.89 EPS for the current year.

Clean Harbors (NYSE:CLH - Get Free Report) had its price objective lifted by stock analysts at The Goldman Sachs Group from $268.00 to $306.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a "neutral" rating on the business services provider's stock. The Goldman Sachs Group's price target points to a potential upside of 0.41% from the company's current price.

CLH has been the topic of a number of other research reports. BMO Capital Markets lifted their price target on shares of Clean Harbors from $290.00 to $310.00 and gave the company an "outperform" rating in a research report on Wednesday, February 18th. Robert W. Baird set a $300.00 price objective on shares of Clean Harbors in a report on Thursday, February 19th. TD Cowen reiterated a "buy" rating on shares of Clean Harbors in a report on Thursday, February 19th. Citigroup raised shares of Clean Harbors from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $302.00 to $346.00 in a research report on Wednesday. Finally, CJS Securities upgraded shares of Clean Harbors to a "strong-buy" rating in a report on Thursday, December 11th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $308.09.

Clean Harbors Stock Up 2.0%

Shares of NYSE CLH traded up $5.90 during mid-day trading on Wednesday, reaching $304.76. 216,689 shares of the company traded hands, compared to its average volume of 502,938. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.00 and a current ratio of 2.33. The stock has a market cap of $16.12 billion, a PE ratio of 41.87 and a beta of 0.94. The company's fifty day moving average is $281.36 and its two-hundred day moving average is $250.91. Clean Harbors has a fifty-two week low of $179.47 and a fifty-two week high of $316.98.

Clean Harbors (NYSE:CLH - Get Free Report) last issued its quarterly earnings data on Wednesday, February 18th. The business services provider reported $1.62 earnings per share for the quarter, beating analysts' consensus estimates of $1.59 by $0.03. The business had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.46 billion. Clean Harbors had a return on equity of 14.47% and a net margin of 6.48%.The firm's revenue was up 4.8% compared to the same quarter last year. During the same period last year, the business earned $1.55 EPS. On average, analysts expect that Clean Harbors will post 7.89 earnings per share for the current year.

Insider Buying and Selling

In other Clean Harbors news, CFO Eric J. Dugas sold 2,788 shares of the stock in a transaction on Friday, February 20th. The shares were sold at an average price of $281.31, for a total value of $784,292.28. Following the completion of the sale, the chief financial officer directly owned 15,933 shares of the company's stock, valued at $4,482,112.23. This represents a 14.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Sharon M. Gabriel sold 3,540 shares of the firm's stock in a transaction on Friday, February 20th. The stock was sold at an average price of $282.07, for a total transaction of $998,527.80. Following the completion of the sale, the executive vice president owned 23,193 shares in the company, valued at $6,542,049.51. This represents a 13.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 13,597 shares of company stock valued at $3,895,286 in the last ninety days. Company insiders own 5.60% of the company's stock.

Institutional Investors Weigh In On Clean Harbors

Several hedge funds have recently made changes to their positions in CLH. Integrated Wealth Concepts LLC increased its stake in Clean Harbors by 102.9% during the first quarter. Integrated Wealth Concepts LLC now owns 2,187 shares of the business services provider's stock valued at $431,000 after acquiring an additional 1,109 shares during the period. Jones Financial Companies Lllp lifted its position in shares of Clean Harbors by 47.7% in the 1st quarter. Jones Financial Companies Lllp now owns 607 shares of the business services provider's stock worth $120,000 after acquiring an additional 196 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Clean Harbors by 12.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 54,577 shares of the business services provider's stock worth $10,757,000 after purchasing an additional 5,884 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Clean Harbors by 65.1% during the second quarter. Russell Investments Group Ltd. now owns 4,837 shares of the business services provider's stock valued at $1,118,000 after purchasing an additional 1,908 shares during the period. Finally, Baird Financial Group Inc. increased its position in shares of Clean Harbors by 1.4% during the second quarter. Baird Financial Group Inc. now owns 4,418 shares of the business services provider's stock valued at $1,021,000 after purchasing an additional 60 shares during the period. Institutional investors own 90.43% of the company's stock.

About Clean Harbors

Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.

Founded in 1980 by Alan S.

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