Clean Harbors, Inc. (CLH) Receives $60.50 Average Target Price from Analysts

Clean Harbors, Inc. (NYSE:CLH) has received an average recommendation of “Hold” from the fifteen research firms that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $60.50.

A number of brokerages have recently commented on CLH. Zacks Investment Research lowered shares of Clean Harbors from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. Oppenheimer reduced their target price on shares of Clean Harbors from $67.00 to $62.00 and set an “outperform” rating on the stock in a research report on Thursday, November 2nd. BMO Capital Markets reduced their target price on shares of Clean Harbors from $65.00 to $59.00 and set an “outperform” rating on the stock in a research report on Thursday, November 2nd. Raymond James Financial raised shares of Clean Harbors from an “underperform” rating to a “market perform” rating in a research report on Thursday, November 2nd. Finally, UBS raised shares of Clean Harbors from an “underperform” rating to a “market perform” rating in a research report on Thursday, November 2nd.

Shares of Clean Harbors (NYSE:CLH) traded up $0.26 during trading hours on Thursday, hitting $52.17. 504,510 shares of the stock were exchanged, compared to its average volume of 322,400. The stock has a market capitalization of $2,970.19, a price-to-earnings ratio of 260.85 and a beta of 1.03. Clean Harbors has a fifty-two week low of $49.63 and a fifty-two week high of $61.62. The company has a current ratio of 2.19, a quick ratio of 1.86 and a debt-to-equity ratio of 1.44.

In related news, EVP Brian P. Weber sold 490 shares of Clean Harbors stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $56.18, for a total transaction of $27,528.20. Following the transaction, the executive vice president now directly owns 59,413 shares of the company’s stock, valued at $3,337,822.34. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider David J. Vergo sold 1,097 shares of Clean Harbors stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $54.00, for a total transaction of $59,238.00. Following the transaction, the insider now directly owns 24,156 shares in the company, valued at $1,304,424. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,726 shares of company stock worth $147,429. 8.90% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Clean Harbors by 9.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,081 shares of the business services provider’s stock valued at $116,000 after acquiring an additional 188 shares in the last quarter. Zions Bancorporation acquired a new stake in Clean Harbors in the third quarter valued at approximately $189,000. World Asset Management Inc acquired a new stake in Clean Harbors in the second quarter valued at approximately $201,000. Balyasny Asset Management LLC acquired a new stake in Clean Harbors in the second quarter valued at approximately $203,000. Finally, Stifel Financial Corp acquired a new stake in Clean Harbors in the third quarter valued at approximately $211,000. Institutional investors own 92.70% of the company’s stock.

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Clean Harbors Company Profile

Clean Harbors, Inc is a provider of environmental, energy and industrial services throughout North America. The Company is also a re-refiner and recycler of used oil in the world and a provider of parts cleaning and related environmental services to commercial, industrial and automotive customers in North America.

Analyst Recommendations for Clean Harbors (NYSE:CLH)

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