Clean Harbors (NYSE:CLH) Price Target Increased to $235.00 by Analysts at Raymond James

Clean Harbors (NYSE:CLH - Free Report) had its price objective increased by Raymond James from $225.00 to $235.00 in a report published on Thursday morning, Benzinga reports. They currently have a strong-buy rating on the business services provider's stock.

Several other research firms have also recently issued reports on CLH. BMO Capital Markets boosted their target price on Clean Harbors from $225.00 to $230.00 and gave the company an outperform rating in a research note on Thursday. Robert W. Baird boosted their target price on Clean Harbors from $235.00 to $240.00 and gave the company an outperform rating in a research note on Thursday. Needham & Company LLC restated a buy rating and set a $235.00 price target on shares of Clean Harbors in a research report on Thursday. Oppenheimer lifted their price target on Clean Harbors from $178.00 to $200.00 and gave the company an outperform rating in a research report on Thursday, February 22nd. Finally, StockNews.com upgraded Clean Harbors from a buy rating to a strong-buy rating in a research report on Friday, March 29th. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of Buy and an average target price of $213.40.

Clean Harbors Trading Up 1.6 %

Clean Harbors stock traded up $3.25 during trading hours on Thursday, reaching $205.61. The company had a trading volume of 485,000 shares, compared to its average volume of 327,936. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.98 and a quick ratio of 1.66. The company has a 50-day moving average price of $192.95 and a 200 day moving average price of $176.67. The firm has a market cap of $11.23 billion, a price-to-earnings ratio of 29.39 and a beta of 1.24. Clean Harbors has a 12-month low of $129.70 and a 12-month high of $206.29.

Clean Harbors (NYSE:CLH - Get Free Report) last posted its earnings results on Wednesday, May 1st. The business services provider reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.13. Clean Harbors had a return on equity of 17.83% and a net margin of 6.99%. The firm had revenue of $1.38 billion for the quarter, compared to analysts' expectations of $1.34 billion. During the same period in the previous year, the firm earned $1.36 earnings per share. The business's revenue was up 5.3% compared to the same quarter last year. Equities analysts forecast that Clean Harbors will post 7.4 earnings per share for the current year.

Insider Transactions at Clean Harbors

In related news, EVP Brian P. Weber sold 7,996 shares of the stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $199.07, for a total transaction of $1,591,763.72. Following the completion of the transaction, the executive vice president now directly owns 62,803 shares of the company's stock, valued at $12,502,193.21. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, CEO Eric W. Gerstenberg sold 15,276 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $187.71, for a total transaction of $2,867,457.96. Following the sale, the chief executive officer now owns 67,374 shares in the company, valued at approximately $12,646,773.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Brian P. Weber sold 7,996 shares of the stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $199.07, for a total value of $1,591,763.72. Following the sale, the executive vice president now owns 62,803 shares in the company, valued at approximately $12,502,193.21. The disclosure for this sale can be found here. Insiders sold a total of 25,185 shares of company stock valued at $4,819,554 over the last 90 days. Company insiders own 5.90% of the company's stock.

Institutional Trading of Clean Harbors

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Millburn Ridgefield Corp bought a new position in Clean Harbors in the 3rd quarter valued at $25,000. Catalyst Capital Advisors LLC bought a new position in Clean Harbors in the 3rd quarter valued at $25,000. Contravisory Investment Management Inc. bought a new position in Clean Harbors in the 4th quarter valued at $25,000. Rise Advisors LLC bought a new position in Clean Harbors in the 1st quarter valued at $27,000. Finally, C M Bidwell & Associates Ltd. bought a new position in Clean Harbors in the 3rd quarter valued at $33,000. Hedge funds and other institutional investors own 90.43% of the company's stock.

Clean Harbors Company Profile

Clean Harbors, Inc provides environmental and industrial services in the United States and internationally. The company operates through two segments, Environmental Services and Safety-Kleen Sustainability Solutions. The Environmental Services segment collects, transports, treats, and disposes hazardous and non-hazardous waste, such as resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and offers CleanPack services, including collection, identification, categorization, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous waste.