Clean Harbors (NYSE:CLH) Price Target Raised to $342.00

Clean Harbors (NYSE:CLHGet Free Report) had its price objective increased by equities researchers at BMO Capital Markets from $340.00 to $342.00 in a report issued on Wednesday, MarketBeat Ratings reports. The firm presently has an “outperform” rating on the business services provider’s stock. BMO Capital Markets’ price target would suggest a potential upside of 14.63% from the company’s current price.

A number of other equities analysts also recently issued reports on CLH. UBS Group increased their target price on Clean Harbors from $300.00 to $315.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Oppenheimer lifted their price target on Clean Harbors from $310.00 to $316.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Truist Financial upped their price objective on Clean Harbors from $310.00 to $325.00 and gave the stock a “buy” rating in a report on Monday, April 20th. Wall Street Zen cut Clean Harbors from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Stifel Nicolaus started coverage on shares of Clean Harbors in a research report on Friday, May 29th. They set a “buy” rating and a $337.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $325.69.

View Our Latest Stock Report on Clean Harbors

Clean Harbors Stock Up 1.3%

Clean Harbors stock opened at $298.35 on Wednesday. The company has a market capitalization of $15.77 billion, a P/E ratio of 40.43 and a beta of 0.86. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.99 and a current ratio of 2.34. Clean Harbors has a fifty-two week low of $201.34 and a fifty-two week high of $316.98. The stock has a 50-day simple moving average of $292.29 and a 200-day simple moving average of $280.63.

Clean Harbors (NYSE:CLHGet Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The business services provider reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.15 by $0.04. The firm had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Clean Harbors had a net margin of 6.53% and a return on equity of 14.37%. Clean Harbors’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.09 EPS. Equities research analysts expect that Clean Harbors will post 8.5 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Lauren States sold 789 shares of the firm’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 completion of the sale, the director directly owned 11,359 shares in the company, valued at $3,250,832.21. This trade represents a 6.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Clean Harbors

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

Clean Harbors Company Profile

(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.

Further Reading

Analyst Recommendations for Clean Harbors (NYSE:CLH)

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