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

Shares of Stericycle, Inc. (NASDAQ:SRCL) have earned a consensus rating of “Hold” from the six analysts that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $74.00.

Separately, StockNews.com initiated coverage on shares of Stericycle in a report on Friday. They set a “hold” rating for the company.

Stericycle Stock Performance

Shares of SRCL opened at $61.98 on Friday. Stericycle has a 1 year low of $37.78 and a 1 year high of $61.99. The stock 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 company has a debt-to-equity ratio of 0.53, a quick ratio of 1.13 and a current ratio of 1.20. The stock has a 50-day simple moving average of $61.51 and a 200-day simple moving average of $59.60.

Institutional Inflows and Outflows

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

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.