The stock of Harsco Corporation (NYSE:HSC) is a huge mover today! About 374,080 shares traded hands. Harsco Corporation (NYSE:HSC) has risen 110.62% since April 8, 2016 and is uptrending. It has outperformed by 104.97% the S&P500.
The move comes after 5 months positive chart setup for the $1.06B company. It was reported on Nov, 10 by Barchart.com. We have $15.00 PT which if reached, will make NYSE:HSC worth $222.60 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 $10.26 million for 25.83 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. KeyBanc Capital Markets maintained the shares of HSC in a report on Wednesday, October 7 with “Overweight” rating. The rating was upgraded by KeyBanc Capital Markets to “Overweight” on Monday, August 17. The stock has “Buy” rating given by Lake Street on Tuesday, September 13.
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 worsened, 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.
Pub Sector Pension Inv Board holds 55,200 shares or 0% of its portfolio. Huntington Natl Bank owns 1,280 shares or 0% of their US portfolio. The New York-based Metropolitan Life Insur Ny has invested 0% in Harsco Corporation (NYSE:HSC). Thrivent Fincl For Lutherans last reported 497,280 shares in the company. Walleye Trading Llc has 0% invested in the company for 9,400 shares. Credit Suisse Ag reported 154,962 shares or 0% of all its holdings. Moreover, New York State Teachers Retirement has 0% invested in Harsco Corporation (NYSE:HSC) for 175,626 shares. Qs Limited Liability Corporation accumulated 0.01% or 220,974 shares. The Manitoba – Canada-based Great West Life Assurance Can has invested 0% in Harsco Corporation (NYSE:HSC). Employees Retirement Association Of Colorado owns 19,417 shares or 0% of their US portfolio. Columbia Prns L L C Management holds 0.01% of its portfolio in Harsco Corporation (NYSE:HSC) for 15,232 shares. Huber Limited Liability owns 3.83 million shares or 1.05% of their US portfolio. Neuberger Berman Ltd Liability Co, a New York-based fund reported 1.85 million shares. California Pub Employees Retirement Systems last reported 0.01% of its portfolio in the stock. Northern Trust Corporation holds 0% of its portfolio in Harsco Corporation (NYSE:HSC) for 1.41M shares.
More notable recent Harsco Corporation (NYSE:HSC) news were published by: Streetinsider.com which released: “Harsco Corporation (HSC) Posts Inline Q3 EPS; Issues Q4 Outlook” on November 03, 2016, also Streetinsider.com with their article: “Jefferies Raises price Target on Harsco Corporation (HSC) Following In-Line 3Q” published on November 04, 2016, Fool.com published: “Preliminary Results Send Harsco Corporation’s Stock Soaring” on July 14, 2016. More interesting news about Harsco Corporation (NYSE:HSC) were released by: Fool.com and their article: “Here’s Why Harsco Corporation’s Stock is Getting Hammered Today” published on February 26, 2016 as well as Streetinsider.com‘s news article titled: “S&P Downgrades Harsco Corporation (HSC) to ‘BB-‘; Outlook Negative” with publication date: March 09, 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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