Stericycle, Inc. (NASDAQ:SRCL) Receives $62.25 Consensus Target Price from Brokerages

Shares of Stericycle, Inc. (NASDAQ:SRCL - Get Free Report) have been given an average recommendation of "Hold" by the five ratings firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $60.80.

A number of analysts recently weighed in on SRCL shares. Truist Financial upped their target price on shares of Stericycle from $50.00 to $57.00 and gave the company a "hold" rating in a research note on Thursday, February 29th. StockNews.com cut shares of Stericycle from a "buy" rating to a "hold" rating in a research note on Tuesday, April 2nd. Stifel Nicolaus upped their target price on shares of Stericycle from $70.00 to $75.00 and gave the company a "buy" rating in a research note on Thursday, February 29th. Robert W. Baird lowered their target price on shares of Stericycle from $62.00 to $55.00 and set a "neutral" rating on the stock in a research note on Friday. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $69.00 target price on shares of Stericycle in a research note on Thursday, March 7th.

Hedge Funds Weigh In On Stericycle

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its position in shares of Stericycle by 170.9% during the first quarter. GAMMA Investing LLC now owns 818 shares of the business services provider's stock worth $43,000 after purchasing an additional 516 shares in the last quarter. Principal Securities Inc. acquired a new position in shares of Stericycle during the fourth quarter worth approximately $41,000. TFO Wealth Partners LLC lifted its position in shares of Stericycle by 22,325.0% during the fourth quarter. TFO Wealth Partners LLC now owns 897 shares of the business services provider's stock worth $44,000 after purchasing an additional 893 shares in the last quarter. Ramirez Asset Management Inc. acquired a new position in shares of Stericycle during the third quarter worth approximately $45,000. Finally, Exchange Traded Concepts LLC lifted its position in shares of Stericycle by 87.5% during the third quarter. Exchange Traded Concepts LLC now owns 1,001 shares of the business services provider's stock worth $45,000 after purchasing an additional 467 shares in the last quarter. 98.82% of the stock is currently owned by institutional investors and hedge funds.

Stericycle Stock Performance

Shares of NASDAQ:SRCL traded down $0.20 on Friday, hitting $46.31. 802,019 shares of the company were exchanged, compared to its average volume of 467,025. The company's 50 day moving average price is $51.35 and its two-hundred day moving average price is $48.17. Stericycle has a one year low of $37.78 and a one year high of $57.06. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market capitalization of $4.30 billion, a price-to-earnings ratio of -192.95, a PEG ratio of 2.68 and a beta of 1.09.

Stericycle (NASDAQ:SRCL - Get Free Report) last posted its quarterly earnings data on Thursday, April 25th. The business services provider reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.03. Stericycle had a negative net margin of 0.80% and a positive return on equity of 7.06%. The company had revenue of $664.90 million for the quarter, compared to the consensus estimate of $676.42 million. During the same quarter in the previous year, the firm posted $0.49 EPS. The business's revenue was down 2.8% compared to the same quarter last year. Research analysts expect that Stericycle will post 2.32 earnings per share for the current year.

About Stericycle

Stericycle, Inc, together with its subsidiaries, provides regulated waste and compliance services in the United States, Europe, and internationally. The company offers regulated waste and compliance services, including regulated medical waste, sharps waste management and disposal, pharmaceutical waste management and disposal, chemotherapy waste and disposal, controlled substance waste disposal, healthcare hazardous waste, and integrated waste stream solutions; specialty services, such as MedDrop medication collection kiosks, safe community solutions, SafeDrop sharps mailback solutions, and airport and maritime waste services; medical supply store services, that includes sharps and disposable biohazardous waste containers, infection control supplies, and seal&send medication mail back; and compliance solutions including Steri-Safe compliance solutions.