Clean Harbors (NYSE:CLH) Given New $349.00 Price Target at Wells Fargo & Company

Clean Harbors (NYSE:CLHFree Report) had its target price raised by Wells Fargo & Company from $313.00 to $349.00 in a research report sent to investors on Friday morning,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the business services provider’s stock.

Several other analysts also recently weighed in on CLH. Barclays increased their target price on Clean Harbors from $305.00 to $325.00 and gave the company an “equal weight” rating in a research note on Thursday. Truist Financial lifted their price target on Clean Harbors from $350.00 to $365.00 and gave the stock a “buy” rating in a research report on Thursday. Wall Street Zen lowered Clean Harbors from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. The Goldman Sachs Group reissued a “neutral” rating on shares of Clean Harbors in a research report on Wednesday. Finally, Citigroup raised their price objective on shares of Clean Harbors from $349.00 to $376.00 and gave the stock a “buy” rating in a research note on Thursday. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Clean Harbors currently has a consensus rating of “Moderate Buy” and an average price target of $354.57.

View Our Latest Stock Report on Clean Harbors

Clean Harbors Stock Down 1.3%

Clean Harbors stock opened at $313.15 on Friday. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.13 and a quick ratio of 1.99. Clean Harbors has a fifty-two week low of $201.34 and a fifty-two week high of $335.94. The firm has a fifty day moving average price of $295.64 and a two-hundred day moving average price of $288.70. The firm has a market cap of $16.53 billion, a price-to-earnings ratio of 38.00, a P/E/G ratio of 2.28 and a beta of 0.86.

Clean Harbors (NYSE:CLHGet Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The business services provider reported $3.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.81 by $0.41. The company had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.64 billion. Clean Harbors had a return on equity of 15.65% and a net margin of 7.03%.The firm’s revenue was up 11.9% compared to the same quarter last year. During the same period last year, the business posted $2.36 earnings per share. As a group, analysts forecast that Clean Harbors will post 8.62 earnings per share for the current year.

Insider Transactions at Clean Harbors

In related news, Director Lauren States sold 789 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $286.19, for a total transaction of $225,803.91. Following the transaction, the director directly owned 11,359 shares in the company, valued at $3,250,832.21. The trade was a 6.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 5.00% of the stock is owned by corporate insiders.

Institutional Trading of Clean Harbors

Several institutional investors have recently modified their holdings of the company. Quattro Advisors LLC bought a new stake in shares of Clean Harbors during the fourth quarter valued at approximately $26,000. Elyxium Wealth LLC bought a new position in Clean Harbors in the fourth quarter worth $26,000. Parkside Financial Bank & Trust boosted its stake in Clean Harbors by 205.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 119 shares of the business services provider’s stock worth $28,000 after buying an additional 80 shares in the last quarter. MidFirst Bank acquired a new stake in Clean Harbors during the fourth quarter worth $28,000. Finally, Larson Financial Group LLC increased its holdings in Clean Harbors by 676.5% in the 4th quarter. Larson Financial Group LLC now owns 132 shares of the business services provider’s stock valued at $31,000 after buying an additional 115 shares during the period. Institutional investors and hedge funds own 90.43% of the company’s stock.

Key Stories Impacting Clean Harbors

Here are the key news stories impacting Clean Harbors this week:

  • Positive Sentiment: Strong Q2 earnings beat: Clean Harbors reported earnings of $3.22 per share versus the $2.81 consensus estimate, while revenue reached $1.735 billion, ahead of the $1.64 billion forecast. Revenue increased 11.9% year over year, and earnings rose from $2.36 per share in the prior-year quarter. Clean Harbors Q2 Earnings Snapshot
  • Positive Sentiment: Analysts raised targets: TD Cowen increased its target to $380, Citi to $376, Stifel to $364, Truist to $365 and Wells Fargo to $349. Citi, Stifel, TD Cowen and Truist maintained or assigned “buy” ratings, signaling confidence that the company’s growth can continue. Clean Harbors Analysts Boost Their Forecasts
  • Positive Sentiment: Growth outlook remains attractive: Zacks highlighted Clean Harbors’ above-average financial growth and long-term market-outperformance potential. The company also reached a new one-year high following the earnings release, reflecting strong investor momentum. 3 Reasons Why Growth Investors Shouldn’t Overlook Clean Harbors
  • Neutral Sentiment: Mixed analyst stance: Wells Fargo raised its price target substantially but retained an “equal weight” rating. The broader analyst consensus is “moderate buy,” suggesting optimism but not universal conviction.
  • Negative Sentiment: Valuation and profit-taking risks: With the stock near its 52-week high and trading at roughly 38 times earnings, some investors may be taking profits or questioning whether further gains are already priced in. GuruFocus also characterized the shares as overvalued despite a strong overall score. Clean Harbors Valuation Analysis

About Clean Harbors

(Get Free Report)

Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.

Founded in 1980 by Alan S.

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