Stericycle, Inc. (NASDAQ:SRCL) Receives $74.00 Average PT from Analysts

Shares of Stericycle, Inc. (NASDAQ:SRCL) have been given a consensus rating of “Hold” by the six ratings firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $74.00.

Separately, StockNews.com initiated coverage on shares of Stericycle in a research report on Tuesday. They set a “hold” rating on the stock.

Hedge Funds Weigh In On Stericycle

Institutional investors and hedge funds have recently made changes to their positions in the stock. Clearstead Trust LLC bought a new position in Stericycle in the 1st quarter valued at about $25,000. International Assets Investment Management LLC bought a new position in Stericycle in the 2nd quarter valued at about $45,000. Headlands Technologies LLC bought a new position in Stericycle in the 1st quarter valued at about $44,000. Quest Partners LLC lifted its position in Stericycle by 4,172.7% in the 2nd quarter. Quest Partners LLC now owns 940 shares of the business services provider’s stock valued at $55,000 after acquiring an additional 918 shares in the last quarter. Finally, Summit Securities Group LLC bought a new position in Stericycle in the 2nd quarter valued at about $58,000. Institutional investors own 98.82% of the company’s stock.

Stericycle Stock Performance

Shares of Stericycle stock opened at $61.98 on Tuesday. The company has a current ratio of 1.20, a quick ratio of 1.13 and a debt-to-equity ratio of 0.53. The business has a 50-day moving average price of $61.36 and a two-hundred day moving average price of $57.52. Stericycle has a 1-year low of $37.78 and a 1-year high of $61.99. The company has a market cap of $5.75 billion, a P/E ratio of 163.11, a PEG ratio of 3.38 and a beta of 1.10.

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.