Price Action Report: What’s Ahead for Harsco Corporation After Today’s Huge Increase?

Price Action Report: What's Ahead for Harsco Corporation After Today's Huge Increase?

The stock of Harsco Corporation (NYSE:HSC) is a huge mover today! The stock increased 3.79% or $0.5 during the last trading session, hitting $13.7. About 981,662 shares traded hands or 60.50% up from the average. Harsco Corporation (NYSE:HSC) has risen 82.07% since April 26, 2016 and is uptrending. It has outperformed by 76.81% the S&P500.
The move comes after 5 months positive chart setup for the $1.07 billion company. It was reported on Nov, 29 by Barchart.com. We have $14.39 PT which if reached, will make NYSE:HSC worth $53.50M more.

Analysts await Harsco Corporation (NYSE:HSC) to report earnings on February, 24. They expect $0.09 EPS, down 18.18% or $0.02 from last year’s $0.11 per share. HSC’s profit will be $7.03M for 38.06 P/E if the $0.09 EPS becomes a reality. After $0.14 actual EPS reported by Harsco Corporation for the previous quarter, Wall Street now forecasts -35.71% 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. On Wednesday, October 7 the stock rating was maintained by KeyBanc Capital Markets with “Overweight”. KeyBanc Capital Markets upgraded Harsco Corporation (NYSE:HSC) on Monday, August 17 to “Overweight” rating. The firm has “Buy” rating by Lake Street given 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 0.92 in 2016 Q2. Its down 0.20, from 1.12 in 2016Q1. The ratio is 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.
New Jersey Better Educational Savings has 0.13% invested in the company for 30,000 shares. Alliancebernstein Ltd Partnership last reported 109,320 shares in the company. Ameriprise Financial holds 0% or 952,863 shares in its portfolio. Moreover, Tiaa Cref Investment Mgmt Ltd Limited Liability Company has 0% invested in Harsco Corporation (NYSE:HSC) for 490,627 shares. Moreover, Victory Management Inc has 0.06% invested in Harsco Corporation (NYSE:HSC) for 2.19M shares. Moreover, Financial Mngmt Professionals has 0% invested in Harsco Corporation (NYSE:HSC) for 8 shares. Millennium Mgmt Llc has 0.01% invested in the company for 425,884 shares. Columbia Prtn L L C Management last reported 15,232 shares in the company. The Texas-based Bbva Compass Fincl Bank has invested 0.01% in Harsco Corporation (NYSE:HSC). Adirondack holds 0% of its portfolio in Harsco Corporation (NYSE:HSC) for 1,000 shares. Quantitative Investment Mgmt Lc last reported 0.01% of its portfolio in the stock. Highbridge Capital Limited Co accumulated 246,820 shares or 0.03% of the stock. Pacad Ltd owns 800 shares or 0% of their US portfolio. Teachers Advsrs has invested 0% of its portfolio in Harsco Corporation (NYSE:HSC). Hillsdale holds 0.02% of its portfolio in Harsco Corporation (NYSE:HSC) for 11,400 shares.

More 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 published the news titled: “Here’s Why Harsco Corporation’s Stock is Getting Hammered Today” on February 26, 2016. Streetinsider.com‘s news article titled: “S&P Downgrades Harsco Corporation (HSC) to ‘BB-‘; Outlook Negative” with publication date: March 09, 2016 was also an interesting one.

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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