Clean Harbors, Inc. (NYSE:CLH) Receives $354.57 Consensus Target Price from Brokerages

Shares of Clean Harbors, Inc. (NYSE:CLHGet Free Report) have been given an average recommendation of “Moderate Buy” by the seventeen ratings firms that are presently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $354.5714.

A number of analysts have issued reports on the company. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $375.00 price objective on shares of Clean Harbors in a research note on Thursday, July 30th. Weiss Ratings upgraded shares of Clean Harbors from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 30th. Oppenheimer reaffirmed an “outperform” rating and set a $350.00 price target on shares of Clean Harbors in a research note on Thursday, July 30th. Barclays raised their price objective on shares of Clean Harbors from $305.00 to $325.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 30th. Finally, Citigroup increased their price target on Clean Harbors from $349.00 to $376.00 and gave the stock a “buy” rating in a report on Thursday, July 30th.

Read Our Latest Report on CLH

Insider Transactions at Clean Harbors

In other Clean Harbors news, CEO Eric W. Gerstenberg sold 2,500 shares of the company’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $321.34, for a total transaction of $803,350.00. Following the completion of the sale, the chief executive officer owned 56,793 shares in the company, valued at $18,249,862.62. This represents a 4.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Andrea Robertson sold 789 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $314.01, for a total transaction of $247,753.89. Following the sale, the director directly owned 8,979 shares of the company’s stock, valued at approximately $2,819,495.79. The trade was a 8.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 5.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Clean Harbors

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CLH. Quattro Advisors LLC acquired a new stake in shares of Clean Harbors during the fourth quarter worth about $26,000. Elyxium Wealth LLC acquired a new stake in Clean Harbors during the 4th quarter worth about $26,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Clean Harbors in the 2nd quarter valued at about $36,000. Parkside Financial Bank & Trust raised its position 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 valued at $28,000 after acquiring an additional 80 shares in the last quarter. Finally, MidFirst Bank acquired a new position in shares of Clean Harbors in the 4th quarter valued at $28,000. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Clean Harbors Price Performance

Shares of Clean Harbors stock opened at $310.56 on Monday. The company has a market capitalization of $16.39 billion, a price-to-earnings ratio of 37.69, a PEG ratio of 2.01 and a beta of 0.86. The company has a quick ratio of 1.80, a current ratio of 2.13 and a debt-to-equity ratio of 0.94. The stock’s 50-day simple moving average is $307.51 and its 200-day simple moving average is $296.48. Clean Harbors has a 52 week low of $201.34 and a 52 week high of $335.94.

Clean Harbors (NYSE:CLHGet Free Report) last issued its 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. Clean Harbors had a return on equity of 15.65% and a net margin of 7.03%.The company had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter last year, the company earned $2.36 EPS. The firm’s quarterly revenue was up 11.9% on a year-over-year basis. As a group, analysts expect that Clean Harbors will post 9.72 earnings per share for the current fiscal year.

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.

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Analyst Recommendations for Clean Harbors (NYSE:CLH)

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