Stericycle Inc (NASDAQ:SRCL) – Research analysts at Jefferies Group boosted their FY2018 earnings per share estimates for shares of Stericycle in a report released on Thursday. Jefferies Group analyst S. Dodge now expects that the firm will earn $4.82 per share for the year, up from their previous forecast of $4.80. Jefferies Group currently has a “Buy” rating and a $108.00 price target on the stock.
Several other research analysts have also issued reports on SRCL. Royal Bank of Canada set a $74.00 price objective on Stericycle and gave the stock a “sell” rating in a research note on Saturday, January 21st. Raymond James Financial, Inc. restated a “market perform” rating on shares of Stericycle in a research note on Monday, February 20th. Barrington Research raised their target price on Stericycle from $84.00 to $93.00 and gave the company an “outperform” rating in a research note on Wednesday, February 22nd. Zacks Investment Research lowered Stericycle from a “hold” rating to a “sell” rating in a research note on Wednesday, February 1st. Finally, Macquarie set a $100.00 target price on Stericycle and gave the company a “buy” rating in a research note on Monday, February 6th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $91.00.
Shares of Stericycle (NASDAQ:SRCL) opened at 82.89 on Friday. The firm’s 50-day moving average price is $81.99 and its 200 day moving average price is $78.12. The firm has a market cap of $7.07 billion, a P/E ratio of 39.85 and a beta of 0.08. Stericycle has a 12-month low of $71.52 and a 12-month high of $128.94.
Institutional investors have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD boosted its position in Stericycle by 3,072.6% in the third quarter. Price T Rowe Associates Inc. MD now owns 6,294,533 shares of the company’s stock valued at $504,444,000 after buying an additional 6,096,128 shares in the last quarter. FMR LLC boosted its position in Stericycle by 84.8% in the fourth quarter. FMR LLC now owns 2,704,145 shares of the company’s stock valued at $208,327,000 after buying an additional 1,240,853 shares in the last quarter. Renaissance Technologies LLC boosted its position in Stericycle by 718.4% in the fourth quarter. Renaissance Technologies LLC now owns 1,249,020 shares of the company’s stock valued at $96,225,000 after buying an additional 1,096,400 shares in the last quarter. Carve CapitalAB purchased a new position in Stericycle during the fourth quarter valued at about $73,186,000. Finally, Norges Bank purchased a new position in Stericycle during the fourth quarter valued at about $59,797,000. Institutional investors and hedge funds own 94.49% of the company’s stock.
In other news, Director Robert S. Murley purchased 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 1st. The shares were acquired at an average price of $76.22 per share, for a total transaction of $76,220.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mike S. Zafirovski purchased 2,920 shares of the firm’s stock in a transaction that occurred on Thursday, February 23rd. The stock was purchased at an average price of $85.67 per share, for a total transaction of $250,156.40. Following the acquisition, the director now owns 2,920 shares of the company’s stock, valued at $250,156.40. The disclosure for this purchase can be found here. Company insiders own 3.30% of the company’s stock.
Stericycle, Inc is a business-to-business services provider with a focus on regulated and compliance solutions for healthcare, retail and commercial businesses. The Company’s solutions include the collection and processing of specialized waste for disposal, the collection of personal and confidential information for secure destruction, and a range of training, consulting, recall/return, communication and compliance services.