Stericycle, Inc. (NASDAQ:SRCL) Receives Average Recommendation of “Hold” from Analysts

Shares of Stericycle, Inc. (NASDAQ:SRCL) have earned an average rating of “Hold” from the six research firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $74.00.

A number of equities research analysts have issued reports on SRCL shares. Robert W. Baird cut their price target on Stericycle from $62.00 to $55.00 and set a “neutral” rating for the company in a research note on Friday, April 26th. Royal Bank of Canada reiterated a “sector perform” rating and set a $62.00 target price (down previously from $69.00) on shares of Stericycle in a research report on Tuesday, June 4th. Truist Financial lifted their target price on Stericycle from $50.00 to $62.00 and gave the company a “hold” rating in a research note on Tuesday, June 4th. StockNews.com began coverage on Stericycle in a research note on Thursday. They issued a “hold” rating for the company. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Stericycle from $135.00 to $142.00 and gave the company an “outperform” rating in a research report on Tuesday, June 4th.

Institutional Investors Weigh In On Stericycle

A number of hedge funds have recently made changes to their positions in the company. Retirement Systems of Alabama increased its stake in Stericycle by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 116,185 shares of the business services provider’s stock worth $6,129,000 after acquiring an additional 305 shares during the last quarter. Strategic Blueprint LLC boosted its position in shares of Stericycle by 6.2% during the 4th quarter. Strategic Blueprint LLC now owns 5,609 shares of the business services provider’s stock valued at $278,000 after acquiring an additional 326 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Stericycle by 4.9% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 7,243 shares of the business services provider’s stock valued at $359,000 after purchasing an additional 336 shares in the last quarter. Treasurer of the State of North Carolina increased its position in Stericycle by 1.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 40,838 shares of the business services provider’s stock worth $2,024,000 after purchasing an additional 400 shares during the last quarter. Finally, Mirova raised its stake in Stericycle by 0.9% during the first quarter. Mirova now owns 47,345 shares of the business services provider’s stock valued at $2,497,000 after purchasing an additional 428 shares in the last quarter. 98.82% of the stock is currently owned by hedge funds and other institutional investors.

Stericycle Stock Performance

Shares of NASDAQ SRCL opened at $58.37 on Friday. The stock has a market cap of $5.42 billion, a PE ratio of -265.32, a price-to-earnings-growth ratio of 3.21 and a beta of 1.11. Stericycle has a 1 year low of $37.78 and a 1 year high of $59.45. The firm has a fifty day moving average price of $58.24 and a 200-day moving average price of $52.66. 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 Company Profile

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.