PureCycle Technologies, Inc. (NASDAQ:PCT) Receives Average Recommendation of "Moderate Buy" from Brokerages

Key Points

• Analysts rate PureCycle a "Moderate Buy" on average from four covering firms (1 sell, 1 hold, 1 buy, 1 strong buy) with a one‑year average target price of $13.00.
• Recent quarter missed expectations: PureCycle reported EPS of ($0.42) vs. ($0.25) expected and revenue of $2.7M vs. $6.37M expected, showing extremely negative margins and a consensus forecast of about (‑1.01) EPS for the year.
• Shares opened at $5.79, trading in a 52‑week range of $5.12–$17.37 with a $1.05B market cap and roughly 63% institutional ownership.

Shares of PureCycle Technologies, Inc. (NASDAQ:PCT - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the four ratings firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $13.00.

Several brokerages have issued reports on PCT. Weiss Ratings reiterated a "sell (d-)" rating on shares of PureCycle Technologies in a research report on Thursday, January 22nd. TD Cowen reissued a "hold" rating and issued a $9.00 target price (down from $16.00) on shares of PureCycle Technologies in a research note on Monday, November 24th. Finally, Cantor Fitzgerald cut their price objective on PureCycle Technologies from $16.00 to $14.00 and set an "overweight" rating for the company in a report on Friday, February 27th.

PureCycle Technologies Price Performance

PureCycle Technologies stock opened at $5.79 on Friday. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of -4.79 and a beta of 2.07. The company has a quick ratio of 2.15, a current ratio of 2.26 and a debt-to-equity ratio of 7.62. The business has a 50-day simple moving average of $8.68 and a 200 day simple moving average of $10.27. PureCycle Technologies has a 52 week low of $5.12 and a 52 week high of $17.37.

PureCycle Technologies (NASDAQ:PCT - Get Free Report) last issued its quarterly earnings results on Thursday, February 26th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.25) by ($0.17). PureCycle Technologies had a negative net margin of 2,185.10% and a negative return on equity of 204.74%. The business had revenue of $2.70 million for the quarter, compared to the consensus estimate of $6.37 million. On average, research analysts forecast that PureCycle Technologies will post -1.01 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PureCycle Technologies

A number of institutional investors have recently made changes to their positions in the business. Hohimer Wealth Management LLC purchased a new stake in PureCycle Technologies during the 3rd quarter valued at $6,452,000. Sanders Morris Harris LLC purchased a new position in shares of PureCycle Technologies in the third quarter valued at about $1,831,000. Fiscal Wisdom Wealth Management LLC purchased a new position in shares of PureCycle Technologies in the third quarter valued at about $2,798,000. Principal Financial Group Inc. bought a new position in shares of PureCycle Technologies during the third quarter valued at about $890,000. Finally, First National Bank of Omaha bought a new position in shares of PureCycle Technologies during the third quarter valued at about $2,684,000. Hedge funds and other institutional investors own 63.01% of the company's stock.

About PureCycle Technologies

PureCycle Technologies, Inc operates as a recycling technology company focused on restoring waste polypropylene to a “virgin-like” state through a proprietary purification process licensed from Procter & Gamble. The company develops, owns and operates recycling facilities that convert used polypropylene feedstock—such as packaging and industrial plastics—into ultra‐pure recycled resin. This resin, known as Qualified Recycled Polymer (QRP), is designed to meet stringent quality specifications for applications in packaging, consumer goods and industrial products.

Headquartered in Orlando, Florida, PureCycle was established with technology development efforts dating back to licensing agreements in the mid-2010s and later spun off as a publicly traded entity in 2021.

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