Clean Harbors - CLH Stock Forecast, Price & News

Clean Harbors, Inc. provides environmental and industrial services in North America. 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 CleanPack services, including collection, identification, categorization, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous waste. This segment also provides industrial maintenance and specialty industrial services, and utilizes specialty equipment and resources that performs field services. The Safety-Kleen Sustainability Solutions segment offers specially designed parts washers; automotive and industrial cleaning products, such as antifreeze, windshield washer fluid, degreasers, glass and floor cleaners, hand cleaners, absorbents, mats, and spill kits; pickup and transportation services for hazardous and non-hazardous containerized waste for recycling or disposal; and vacuum services to remove solids, residual oily water and sludge, and other fluids from customers oil/water separators, sumps, and collection tanks, as well as remove and collect waste fluids found at metal fabricators, auto maintenance providers, and general manufacturers. This segment also manufactures, formulates, packages, distributes, and markets lubricants; and provides containerized waste, vacuum services, used motor oil collection, and contract blending and packaging services. Clean Harbors, Inc. was incorporated in 1980 and is headquartered in Norwell, Massachusetts.

Clean Harbors Stock Up 1.5 %

NYSE:CLH traded up $1.65 during trading on Monday, hitting $111.74. The stock had a trading volume of 451,778 shares, compared to its average volume of 407,417. The company has a market capitalization of $6.08 billion, a PE ratio of 19.81 and a beta of 1.53. The company's 50-day moving average price is $91.51 and its two-hundred day moving average price is $96.87. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.66 and a current ratio of 1.94. Clean Harbors has a 12 month low of $81.56 and a 12 month high of $118.89.

Clean Harbors (NYSE:CLH - Get Rating) last released its earnings results on Wednesday, August 3rd. The business services provider reported $2.44 EPS for the quarter, beating the consensus estimate of $1.53 by $0.91. The firm had revenue of $1.36 billion for the quarter, compared to analysts' expectations of $1.23 billion. Clean Harbors had a return on equity of 18.40% and a net margin of 6.70%. The business's quarterly revenue was up 46.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.19 EPS. As a group, sell-side analysts forecast that Clean Harbors will post 5.98 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on CLH shares. Stifel Nicolaus restated a "buy" rating and set a $130.00 target price on shares of Clean Harbors in a report on Friday, May 6th. StockNews.com upgraded Clean Harbors from a "buy" rating to a "strong-buy" rating in a report on Thursday. Raymond James lifted their price objective on Clean Harbors from $135.00 to $145.00 and gave the company a "strong-buy" rating in a report on Thursday. BMO Capital Markets lifted their price objective on Clean Harbors from $104.00 to $124.00 and gave the company an "outperform" rating in a report on Thursday. Finally, Robert W. Baird lifted their price objective on Clean Harbors from $131.00 to $150.00 in a report on Thursday. One investment analyst has rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Clean Harbors has an average rating of "Buy" and a consensus target price of $133.00.

Insiders Place Their Bets

In other Clean Harbors news, Director Andrea Robertson sold 1,095 shares of the business's stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $106.37, for a total transaction of $116,475.15. Following the transaction, the director now owns 10,719 shares of the company's stock, valued at approximately $1,140,180.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Andrea Robertson sold 1,095 shares of the business's stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $106.37, for a total transaction of $116,475.15. Following the transaction, the director now directly owns 10,719 shares of the company's stock, valued at approximately $1,140,180.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lauren States sold 750 shares of the business's stock in a transaction that occurred on Tuesday, May 10th. The stock was sold at an average price of $90.68, for a total value of $68,010.00. Following the transaction, the director now directly owns 12,332 shares in the company, valued at $1,118,265.76. The disclosure for this sale can be found here. Insiders own 6.60% of the company's stock.