The stock of Stericycle Inc (NASDAQ:SRCL) hit a new 52-week low and has $71.77 target or 5.00% below today’s $75.55 share price. The 6 months bearish chart indicates high risk for the $6.36B company. The 1-year low was reported on Oct, 6 by Barchart.com. If the $71.77 price target is reached, the company will be worth $318.00M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 209,035 shares traded hands. Stericycle Inc (NASDAQ:SRCL) has declined 33.73% since March 3, 2016 and is downtrending. It has underperformed by 42.07% the S&P500.
Analysts await Stericycle Inc (NASDAQ:SRCL) to report earnings on October, 27. They expect $1.18 earnings per share, up 9.26% or $0.10 from last year’s $1.08 per share. SRCL’s profit will be $99.34 million for 16.01 P/E if the $1.18 EPS becomes a reality. After $1.18 actual earnings per share reported by Stericycle Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
Stericycle Inc (NASDAQ:SRCL) Ratings Coverage
Out of 12 analysts covering Stericycle (NASDAQ:SRCL), 2 rate it a “Buy”, 2 “Sell”, while 8 “Hold”. This means 17% are positive. Stericycle has been the topic of 29 analyst reports since August 14, 2015 according to StockzIntelligence Inc. As per Monday, November 30, the company rating was maintained by RBC Capital Markets. Stifel Nicolaus downgraded Stericycle Inc (NASDAQ:SRCL) on Friday, April 29 to “Hold” rating. The rating was downgraded by Raymond James on Friday, April 29 to “Market Perform”. The firm has “Buy” rating by Zacks given on Friday, August 14. The company was downgraded on Friday, April 29 by RBC Capital Markets. The rating was initiated by Macquarie Research with “Neutral” on Friday, August 26. Macquarie Research maintained Stericycle Inc (NASDAQ:SRCL) on Friday, October 23 with “Outperform” rating. As per Monday, May 2, the company rating was maintained by Wedbush. Imperial Capital maintained Stericycle Inc (NASDAQ:SRCL) rating on Friday, September 9. Imperial Capital has “Underperform” rating and $80 price target. Northcoast downgraded Stericycle Inc (NASDAQ:SRCL) on Tuesday, September 20 to “Neutral” rating.
According to Zacks Investment Research, “Stericycle, Inc. is a multi-regional integrated company employing proprietary technology to provide environmentally-responsible management of regulated medical waste for the health care industry. The Company is the second-largest provider of regulated medical waste management services in the United States.”
Insitutional Activity: The institutional sentiment decreased to 0.91 in 2016 Q2. Its down 0.14, from 1.05 in 2016Q1. The ratio fall, as 61 funds sold all Stericycle Inc shares owned while 218 reduced positions. 67 funds bought stakes while 186 increased positions. They now own 75.40 million shares or 8.40% less from 82.31 million shares in 2016Q1.
Macquarie Gru Ltd has 43,150 shares for 0.01% of their US portfolio. Payden & Rygel has 1,200 shares for 0.01% of their US portfolio. Moreover, Welch And Forbes Ltd Company has 1.38% invested in Stericycle Inc (NASDAQ:SRCL) for 435,128 shares. Advantus Cap Inc has 0.02% invested in the company for 8,414 shares. Shinko Asset Mngmt has invested 0% of its portfolio in Stericycle Inc (NASDAQ:SRCL). The British Columbia – Canada-based British Columbia Investment Mngmt Corp has invested 0.07% in Stericycle Inc (NASDAQ:SRCL). Cleararc Capital holds 0.04% of its portfolio in Stericycle Inc (NASDAQ:SRCL) for 2,055 shares. Bremer National Association reported 22,297 shares or 0.65% of all its holdings. Hills Fincl Bank & holds 5,088 shares or 0.2% of its portfolio. Hikari Limited reported 120,700 shares or 1.45% of all its holdings. Moreover, Keybank Natl Association Oh has 0.07% invested in Stericycle Inc (NASDAQ:SRCL) for 98,839 shares. Brown Cap Mgmt Ltd Company, a Maryland-based fund reported 49,828 shares. First Midwest Bank & Trust Division last reported 0.21% of its portfolio in the stock. California State Teachers Retirement last reported 174,660 shares in the company. Aperio Group Inc last reported 0.03% of its portfolio in the stock.
Insider Transactions: Since June 15, 2016, the stock had 0 buys, and 5 selling transactions for $9.73 million net activity. Dammeyer Rodney F had sold 10,188 shares worth $871,085 on Wednesday, August 17. Shares for $2.53 million were sold by MILLER MARK C. $114,431 worth of Stericycle Inc (NASDAQ:SRCL) was sold by Schetz John P.
SRCL Company Profile
Stericycle, Inc., incorporated on March 21, 1989, is a business-to-business services well-known 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. The Firm operates regulated waste management networks in the United States and over 20 other countries. It operates through two geographical divisions: United States and International. The Company’s networks include a total of approximately 250 processing facilities, over 360 transfer sites and over 140 other service facilities. The Company’s regulated waste processing treatments or technologies are autoclaving and incineration.
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