Somewhat Favorable News Coverage Somewhat Unlikely to Affect Clean Harbors (NYSE:CLH) Share Price

News coverage about Clean Harbors (NYSE:CLH) has trended somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Clean Harbors earned a news sentiment score of 0.14 on Accern’s scale. Accern also assigned news stories about the business services provider an impact score of 46.0886254075306 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

These are some of the news stories that may have impacted Accern Sentiment’s rankings:

Shares of Clean Harbors (NYSE CLH) traded down 0.80% on Friday, reaching $51.98. The company had a trading volume of 128,783 shares. The stock’s market cap is $2.97 billion. The stock has a 50-day moving average price of $55.27 and a 200-day moving average price of $56.39. Clean Harbors has a 12 month low of $43.03 and a 12 month high of $61.62.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings data on Wednesday, August 2nd. The business services provider reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by $0.03. The company had revenue of $752.80 million for the quarter, compared to the consensus estimate of $735.63 million. Clean Harbors had a positive return on equity of 0.79% and a negative net margin of 0.65%. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.15 earnings per share. Analysts predict that Clean Harbors will post $0.67 earnings per share for the current fiscal year.

Several brokerages have issued reports on CLH. Barclays PLC upgraded Clean Harbors from an “underweight” rating to an “equal weight” rating and set a $50.00 price target for the company in a report on Monday, August 7th. KeyCorp increased their price objective on Clean Harbors from $62.00 to $65.00 and gave the stock an “overweight” rating in a report on Tuesday, May 23rd. Canaccord Genuity reiterated a “hold” rating and set a $57.00 price objective on shares of Clean Harbors in a report on Wednesday. BMO Capital Markets started coverage on Clean Harbors in a report on Thursday, June 29th. They set an “outperform” rating and a $65.00 price objective for the company. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $67.00 price objective on shares of Clean Harbors in a report on Wednesday, July 19th. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $61.27.

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In other news, EVP Brian P. Weber sold 1,945 shares of the company’s stock in a transaction that occurred on Thursday, June 29th. The stock was sold at an average price of $54.06, for a total value of $105,146.70. Following the completion of the transaction, the executive vice president now directly owns 51,656 shares of the company’s stock, valued at $2,792,523.36. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Michael J. Twohig sold 4,071 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $59.25, for a total value of $241,206.75. Following the completion of the transaction, the executive vice president now directly owns 30,854 shares of the company’s stock, valued at $1,828,099.50. The disclosure for this sale can be found here. Insiders have sold a total of 10,418 shares of company stock valued at $605,895 over the last three months. Corporate insiders own 9.50% of the company’s stock.

About Clean Harbors

Clean Harbors, Inc is a provider of environmental, energy and industrial services throughout North America. The Company is also a re-refiner and recycler of used oil in the world and a provider of parts cleaning and related environmental services to commercial, industrial and automotive customers in North America.

Insider Buying and Selling by Quarter for Clean Harbors (NYSE:CLH)

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