Shares of PureCycle Technologies, Inc. (NYSE:PCT – Get Free Report) have been assigned a consensus rating of “Hold” from the six ratings firms that are covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $6.75.
Several brokerages have commented on PCT. Stifel Nicolaus boosted their price target on shares of PureCycle Technologies from $7.00 to $8.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. Craig Hallum increased their price target on PureCycle Technologies from $4.00 to $6.00 and gave the company a “hold” rating in a research note on Friday, August 9th. Finally, TD Cowen lifted their price objective on PureCycle Technologies from $7.50 to $10.00 and gave the stock a “buy” rating in a research note on Friday, August 9th.
Get Our Latest Stock Report on PCT
Institutional Investors Weigh In On PureCycle Technologies
PureCycle Technologies Trading Down 0.5 %
PureCycle Technologies stock opened at $5.64 on Wednesday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.67 and a quick ratio of 0.54. The firm’s 50 day moving average price is $6.13 and its 200-day moving average price is $5.65. PureCycle Technologies has a 1 year low of $2.38 and a 1 year high of $9.93. The stock has a market cap of $928.52 million, a P/E ratio of -5.53 and a beta of 1.62.
About PureCycle Technologies
PureCycle Technologies, Inc engages in the production of recycled polypropylene (PP). The company holds a license for restoring waste PP into ultra-pure recycled polypropylene resin that has multiple applications, including packaging and labeling for consumer products, piping, ropes, cabling, and plastic parts for various industries.
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