Stericycle (NASDAQ:SRCL) Coverage Initiated at StockNews.com

StockNews.com began coverage on shares of Stericycle (NASDAQ:SRCL) in a research note issued on Wednesday. The brokerage set a “hold” rating on the business services provider’s stock.

SRCL has been the subject of several other research reports. Keefe, Bruyette & Woods lifted their price objective on Stericycle from $135.00 to $142.00 and gave the stock an “outperform” rating in a report on Tuesday, June 4th. Robert W. Baird reduced their target price on shares of Stericycle from $62.00 to $55.00 and set a “neutral” rating for the company in a research note on Friday, April 26th. Truist Financial upped their price target on shares of Stericycle from $50.00 to $62.00 and gave the company a “hold” rating in a research note on Tuesday, June 4th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $62.00 price objective (down from $69.00) on shares of Stericycle in a research note on Tuesday, June 4th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $74.00.

Stericycle Stock Performance

NASDAQ:SRCL opened at $58.53 on Wednesday. The company has a market capitalization of $5.43 billion, a P/E ratio of -266.05, a P/E/G ratio of 3.20 and a beta of 1.11. The business has a fifty day simple moving average of $57.43 and a two-hundred day simple moving average of $52.30. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.13 and a quick ratio of 1.13. Stericycle has a 1 year low of $37.78 and a 1 year high of $59.45.

Institutional Trading of Stericycle

Institutional investors and hedge funds have recently bought and sold shares of the company. Clearstead Trust LLC purchased a new position in shares of Stericycle during the 1st quarter valued at $25,000. Principal Securities Inc. bought a new position in Stericycle in the 4th quarter worth about $41,000. GAMMA Investing LLC increased its stake in Stericycle by 170.9% in the 1st quarter. GAMMA Investing LLC now owns 818 shares of the business services provider’s stock worth $43,000 after acquiring an additional 516 shares during the last quarter. TFO Wealth Partners LLC raised its holdings in shares of Stericycle by 22,325.0% in the 4th quarter. TFO Wealth Partners LLC now owns 897 shares of the business services provider’s stock valued at $44,000 after acquiring an additional 893 shares in the last quarter. Finally, Headlands Technologies LLC bought a new stake in shares of Stericycle during the 1st quarter valued at about $44,000. 98.82% of the stock is currently owned by hedge funds and other institutional investors.

About Stericycle

Stericycle, Inc, together with its subsidiaries, provides regulated waste and compliance services in the United States, Europe, and internationally. The company offers regulated waste and compliance services, including regulated medical waste, sharps waste management and disposal, pharmaceutical waste management and disposal, chemotherapy waste and disposal, controlled substance waste disposal, healthcare hazardous waste, and integrated waste stream solutions; specialty services, such as MedDrop medication collection kiosks, safe community solutions, SafeDrop sharps mailback solutions, and airport and maritime waste services; medical supply store services, that includes sharps and disposable biohazardous waste containers, infection control supplies, and seal&send medication mail back; and compliance solutions including Steri-Safe compliance solutions.