Stericycle’s (SRCL) Overweight Rating Reiterated at Barclays PLC

Stericycle, Inc. (NASDAQ:SRCL)‘s stock had its “overweight” rating restated by equities researchers at Barclays PLC in a research note issued on Wednesday. They presently have a $100.00 price target on the business services provider’s stock. Barclays PLC’s target price indicates a potential upside of 39.98% from the stock’s current price.

Other equities analysts also recently issued research reports about the company. Jefferies Group LLC set a $108.00 price target on Stericycle and gave the stock a “buy” rating in a research report on Saturday, May 6th. BMO Capital Markets began coverage on Stericycle in a research report on Thursday, June 29th. They set a “market perform” rating and a $81.00 price target on the stock. Zacks Investment Research downgraded Stericycle from a “buy” rating to a “hold” rating in a research report on Monday. BidaskClub raised Stericycle from a “strong sell” rating to a “sell” rating in a research report on Monday, July 24th. Finally, Robert W. Baird downgraded Stericycle from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $74.00 to $73.00 in a research report on Monday, May 15th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $81.15.

Stericycle (NASDAQ SRCL) opened at 71.44 on Wednesday. The stock’s market cap is $6.09 billion. The firm’s 50-day moving average price is $76.62 and its 200 day moving average price is $80.50. Stericycle has a 12 month low of $70.24 and a 12 month high of $88.00.

Stericycle (NASDAQ:SRCL) last posted its quarterly earnings results on Thursday, August 3rd. The business services provider reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.02. Stericycle had a positive return on equity of 14.35% and a negative net margin of 0.07%. The business had revenue of $917.70 million for the quarter, compared to the consensus estimate of $902.81 million. During the same quarter in the prior year, the company earned $1.18 EPS. The business’s revenue was up 2.9% compared to the same quarter last year. On average, analysts anticipate that Stericycle will post $4.60 earnings per share for the current year.

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A number of large investors have recently modified their holdings of SRCL. Dimensional Fund Advisors LP boosted its stake in Stericycle by 3.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 242,439 shares of the business services provider’s stock worth $18,677,000 after buying an additional 7,191 shares during the period. Teachers Advisors LLC boosted its stake in Stericycle by 6.3% in the fourth quarter. Teachers Advisors LLC now owns 90,583 shares of the business services provider’s stock worth $6,979,000 after buying an additional 5,332 shares during the period. Chevy Chase Trust Holdings Inc. boosted its stake in Stericycle by 3.4% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 73,896 shares of the business services provider’s stock worth $6,125,000 after buying an additional 2,453 shares during the period. Fulton Bank N.A. acquired a new stake in Stericycle during the first quarter worth approximately $265,000. Finally, Raymond James Trust N.A. boosted its stake in Stericycle by 5.7% in the first quarter. Raymond James Trust N.A. now owns 2,951 shares of the business services provider’s stock worth $244,000 after buying an additional 158 shares during the period. 95.16% of the stock is currently owned by institutional investors.

About Stericycle

Stericycle, Inc is a business-to-business services provider. The Company focuses on regulated and compliance solutions for healthcare, retail, and commercial businesses. The Company’s segments include Domestic and Canada Regulated Waste and Compliance Services (RCS), Domestic Communication and Related Services (CRS), International RCS and All other.