The stock of Harsco Corporation (NYSE:HSC) is a huge mover today! About 311,707 shares traded hands. Harsco Corporation (NYSE:HSC) has risen 162.01% since February 29, 2016 and is uptrending. It has outperformed by 149.79% the S&P500.
The move comes after 8 months positive chart setup for the $841.39M company. It was reported on Oct, 3 by Barchart.com. We have $14.16 PT which if reached, will make NYSE:HSC worth $344.97 million more.
Analysts await Harsco Corporation (NYSE:HSC) to report earnings on November, 14. They expect $0.12 earnings per share, down 33.33% or $0.06 from last year’s $0.18 per share. HSC’s profit will be $10.06 million for 20.92 P/E if the $0.12 EPS becomes a reality. After $0.15 actual earnings per share reported by Harsco Corporation for the previous quarter, Wall Street now forecasts -20.00% negative EPS growth.
Harsco Corporation (NYSE:HSC) Ratings Coverage
Out of 3 analysts covering Harsco Corporation (NYSE:HSC), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Harsco Corporation has been the topic of 5 analyst reports since August 17, 2015 according to StockzIntelligence Inc. The firm earned “Overweight” rating on Wednesday, October 7 by KeyBanc Capital Markets. The firm earned “Overweight” rating on Monday, August 17 by KeyBanc Capital Markets. Lake Street initiated it with “Buy” rating and $17 target price in Tuesday, September 13 report.
According to Zacks Investment Research, “Harsco Corporation is a services and engineered products company. The principal lines of business are: mill services that are provided to steel and non-ferrous metal producers; gas control and containment products; scaffolding services; railway maintenance of way services and equipment; and several other lines of business including, process equipment, industrial grating and bridge decking, industrial pipe fittings, slag abrasives and roofing granules.”
Insitutional Activity: The institutional sentiment decreased to 1.12 in 2016 Q2. Its down 0.07, from 1.19 in 2016Q1. The ratio turned negative, as 22 funds sold all Harsco Corporation shares owned while 56 reduced positions. 26 funds bought stakes while 61 increased positions. They now own 63.72 million shares or 1.59% less from 64.74 million shares in 2016Q1.
Blackrock Advisors Llc holds 0% or 38,870 shares in its portfolio. Ngam Lp has 0% invested in the company for 40,464 shares. Peoples Fincl owns 78 shares or 0% of their US portfolio. Financial Bank Of New York Mellon Corp accumulated 914,574 shares or 0% of the stock. Jpmorgan Chase holds 0% or 979,203 shares in its portfolio. Highbridge Cap Lc holds 0.03% or 246,820 shares in its portfolio. Peak6 Invests Ltd Partnership last reported 0% of its portfolio in the stock. Commonwealth Equity Service accumulated 15,180 shares or 0% of the stock. Thomson Horstmann Bryant has 0.98% invested in the company for 1.13M shares. The Massachusetts-based Moors Cabot has invested 0.02% in Harsco Corporation (NYSE:HSC). Credit Suisse Ag has 154,962 shares for 0% of their US portfolio. Ahl Prtn Llp accumulated 20,976 shares or 0.01% of the stock. State Of Tennessee Treasury Department has 63,906 shares for 0% of their US portfolio. The Minnesota-based Walleye Trading has invested 0% in Harsco Corporation (NYSE:HSC). State Board Of Administration Of Florida Retirement Systems reported 69,921 shares or 0% of all its holdings.
More notable recent Harsco Corporation (NYSE:HSC) news were published by: Fool.com which released: “Preliminary Results Send Harsco Corporation’s Stock Soaring” on July 14, 2016, also Fool.com with their article: “Here’s Why Harsco Corporation’s Stock is Getting Hammered Today” published on February 26, 2016, Streetinsider.com published: “Harsco Corporation (HSC) Sells Stake in Brand Energy & Infrastructure Services …” on September 15, 2016. More interesting news about Harsco Corporation (NYSE:HSC) were released by: Finance.Yahoo.com and their article: “Fitch Affirms Harsco Corporation’s IDR at ‘BB’; Outlook Revised to Stable” published on September 19, 2016 as well as Businesswire.com‘s news article titled: “Fitch Downgrades Harsco Corporation to ‘BB’; Outlook Negative” with publication date: March 29, 2016.
HSC Company Profile
Harsco Corporation, incorporated on February 28, 1956, is a well-known provider of industrial services and engineered products serving global industries. The Firm operates in three divisions: Harsco Metals & Minerals, Harsco Industrial and Harsco Rail. The Company’s Harsco Metals & Minerals segment is a well-known provider of on-site, outsourced services to the metals industries across the world. Harsco Industrial segment includes the Harsco Industrial IKG, Harsco Industrial Air-X-Changers and Harsco Industrial Patterson-Kelley businesses. Harsco Rail segment is a well-known provider of equipment and services for the maintenance, repair and construction of railway track. The Company’s principal lines of business include outsourced, on-site services of material logistics and resource recovery for iron, steel and metals manufacturing; air-cooled heat exchangers; industrial grating products; heat transfer products, and railway track maintenance services and equipment.
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