Raymond James Financial Issues Positive Forecast for Clean Harbors (NYSE:CLH) Stock Price

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Clean Harbors (NYSE:CLH - Get Free Report) had its price target boosted by analysts at Raymond James Financial from $278.00 to $280.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a "strong-buy" rating on the business services provider's stock. Raymond James Financial's price objective would indicate a potential upside of 18.54% from the company's current price.

Several other research firms also recently commented on CLH. Robert W. Baird boosted their target price on Clean Harbors from $250.00 to $255.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Wall Street Zen raised shares of Clean Harbors from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. UBS Group lifted their target price on Clean Harbors from $220.00 to $240.00 and gave the company a "neutral" rating in a research report on Thursday. Truist Financial dropped their target price on shares of Clean Harbors from $270.00 to $250.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Finally, BMO Capital Markets set a $268.00 price target on shares of Clean Harbors and gave the stock an "outperform" rating in a research note on Thursday. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $263.40.

Clean Harbors Trading Up 0.9%

Shares of Clean Harbors stock traded up $2.04 on Thursday, hitting $236.21. The stock had a trading volume of 442,595 shares, compared to its average volume of 405,496. The stock has a market cap of $12.67 billion, a price-to-earnings ratio of 33.18 and a beta of 1.18. The stock's 50-day simple moving average is $229.55 and its two-hundred day simple moving average is $219.94. The company has a quick ratio of 2.07, a current ratio of 2.45 and a debt-to-equity ratio of 1.02. Clean Harbors has a one year low of $178.29 and a one year high of $267.11.

Clean Harbors (NYSE:CLH - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The business services provider reported $2.36 EPS for the quarter, topping the consensus estimate of $2.33 by $0.03. Clean Harbors had a net margin of 6.48% and a return on equity of 14.82%. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.59 billion. During the same period in the prior year, the business earned $2.46 EPS. The company's revenue for the quarter was down .2% on a year-over-year basis. As a group, sell-side analysts predict that Clean Harbors will post 7.89 EPS for the current year.

Insider Buying and Selling at Clean Harbors

In other Clean Harbors news, insider Robert Speights sold 1,022 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $228.49, for a total value of $233,516.78. Following the sale, the insider owned 16,310 shares in the company, valued at approximately $3,726,671.90. This represents a 5.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Brian P. Weber sold 3,035 shares of the stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $227.17, for a total transaction of $689,460.95. Following the sale, the executive vice president directly owned 54,548 shares in the company, valued at approximately $12,391,669.16. The trade was a 5.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,948 shares of company stock worth $3,611,729 in the last three months. 5.60% of the stock is owned by company insiders.

Institutional Trading of Clean Harbors

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Public Employees Retirement System of Ohio grew its position in shares of Clean Harbors by 0.3% in the second quarter. Public Employees Retirement System of Ohio now owns 15,726 shares of the business services provider's stock valued at $3,636,000 after purchasing an additional 48 shares in the last quarter. Oregon Public Employees Retirement Fund raised its holdings in shares of Clean Harbors by 0.5% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 10,372 shares of the business services provider's stock valued at $2,044,000 after buying an additional 52 shares during the period. Deutsche Bank AG boosted its stake in shares of Clean Harbors by 1.0% in the fourth quarter. Deutsche Bank AG now owns 5,793 shares of the business services provider's stock valued at $1,333,000 after purchasing an additional 56 shares during the period. Blue Trust Inc. grew its stake in shares of Clean Harbors by 25.8% in the first quarter. Blue Trust Inc. now owns 273 shares of the business services provider's stock worth $54,000 after acquiring an additional 56 shares in the last quarter. Finally, Scotia Capital Inc. increased its position in shares of Clean Harbors by 0.4% in the 4th quarter. Scotia Capital Inc. now owns 14,262 shares of the business services provider's stock valued at $3,282,000 after purchasing an additional 59 shares during the last quarter. Hedge funds and other institutional investors own 90.43% of the company's stock.

About Clean Harbors

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.