StockNews.com Begins Coverage on Stericycle (NASDAQ:SRCL)

Analysts at StockNews.com initiated coverage on shares of Stericycle (NASDAQ:SRCLGet Free Report) in a research report issued on Friday. The brokerage set a “hold” rating on the business services provider’s stock.

Stericycle Stock Performance

NASDAQ:SRCL opened at $61.98 on Friday. The firm has a market capitalization of $5.75 billion, a PE ratio of 163.11, a PEG ratio of 3.38 and a beta of 1.10. The stock’s fifty day moving average is $61.45 and its 200 day moving average is $59.14. Stericycle has a fifty-two week low of $37.78 and a fifty-two week high of $61.99. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.13 and a current ratio of 1.20.

Institutional Investors Weigh In On Stericycle

Institutional investors have recently made changes to their positions in the company. International Assets Investment Management LLC purchased a new stake in Stericycle in the 2nd quarter worth about $45,000. Quest Partners LLC raised its holdings in shares of Stericycle by 4,172.7% in the second quarter. Quest Partners LLC now owns 940 shares of the business services provider’s stock worth $55,000 after buying an additional 918 shares during the period. Summit Securities Group LLC bought a new position in Stericycle in the 2nd quarter valued at $58,000. Innealta Capital LLC purchased a new stake in Stericycle in the second quarter worth $62,000. Finally, Quarry LP lifted its position in shares of Stericycle by 121.3% during the second quarter. Quarry LP now owns 1,476 shares of the business services provider’s stock worth $86,000 after purchasing an additional 809 shares during the last quarter. Institutional investors own 98.82% of the company’s stock.

About Stericycle

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Stericycle (NASDAQ:SRCL)

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