Raymond James Increases Clean Harbors (NYSE:CLH) Price Target to $235.00

Clean Harbors (NYSE:CLH) had its target price raised by equities research analysts at Raymond James from $225.00 to $235.00 in a report issued on Thursday, Benzinga reports. The firm presently has a “strong-buy” rating on the business services provider’s stock. Raymond James’ price target would suggest a potential upside of 14.91% from the stock’s previous close.

A number of other research firms also recently weighed in on CLH. Stifel Nicolaus reissued a “buy” rating and set a $220.00 price target on shares of Clean Harbors in a research note on Monday, April 22nd. StockNews.com upgraded shares of Clean Harbors from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 29th. Truist Financial raised their price target on Clean Harbors from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Robert W. Baird lifted their price objective on Clean Harbors from $235.00 to $240.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Oppenheimer increased their target price on Clean Harbors from $178.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Clean Harbors presently has a consensus rating of “Buy” and an average target price of $213.40.

Clean Harbors Price Performance

Shares of NYSE CLH traded up $2.14 during trading on Thursday, reaching $204.50. The company had a trading volume of 278,810 shares, compared to its average volume of 325,460. Clean Harbors has a 52 week low of $129.70 and a 52 week high of $206.29. The business’s 50 day moving average price is $192.95 and its 200-day moving average price is $176.67. The stock has a market cap of $11.17 billion, a PE ratio of 29.39 and a beta of 1.24. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.66 and a current ratio of 1.98.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings results on Wednesday, May 1st. The business services provider reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.13. The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.34 billion. Clean Harbors had a return on equity of 17.83% and a net margin of 6.99%. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.36 earnings per share. Analysts expect that Clean Harbors will post 7.4 earnings per share for the current year.

Insider Activity

In related news, EVP Brian P. Weber sold 7,996 shares of the stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $199.07, for a total transaction of $1,591,763.72. Following the completion of the sale, the executive vice president now directly owns 62,803 shares of the company’s stock, valued at approximately $12,502,193.21. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director John T. Preston sold 1,913 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $188.36, for a total value of $360,332.68. Following the sale, the director now directly owns 4,767 shares in the company, valued at $897,912.12. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Brian P. Weber sold 7,996 shares of the stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $199.07, for a total value of $1,591,763.72. Following the transaction, the executive vice president now owns 62,803 shares of the company’s stock, valued at $12,502,193.21. The disclosure for this sale can be found here. Insiders have sold 25,185 shares of company stock worth $4,819,554 in the last 90 days. Corporate insiders own 5.90% of the company’s stock.

Hedge Funds Weigh In On Clean Harbors

Hedge funds have recently made changes to their positions in the business. Millburn Ridgefield Corp acquired a new position in Clean Harbors during the third quarter worth $25,000. Catalyst Capital Advisors LLC acquired a new position in shares of Clean Harbors during the 3rd quarter worth about $25,000. Contravisory Investment Management Inc. bought a new position in shares of Clean Harbors in the 4th quarter valued at about $25,000. Rise Advisors LLC acquired a new stake in shares of Clean Harbors in the first quarter valued at about $27,000. Finally, C M Bidwell & Associates Ltd. bought a new stake in Clean Harbors during the third quarter worth about $33,000. 90.43% of the stock is owned by institutional investors.

Clean Harbors Company Profile

Clean Harbors, Inc provides environmental and industrial services in the United States and internationally. The company operates through two segments, Environmental Services and Safety-Kleen Sustainability Solutions. The Environmental Services segment collects, transports, treats, and disposes hazardous and non-hazardous waste, such as resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and offers CleanPack services, including collection, identification, categorization, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous waste.