Zacks: Quest Resource Holding Corp (NASDAQ:QRHC) Receives Consensus Rating of “Strong Buy” from Brokerages

Shares of Quest Resource Holding Corp (NASDAQ:QRHC) have been given an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy rating.

Brokerages have set a 12-month consensus target price of $3.75 for the company and are anticipating that the company will post ($0.01) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Quest Resource an industry rank of 102 out of 256 based on the ratings given to its competitors.

QRHC has been the topic of several research reports. HC Wainwright cut their price objective on ImmunoGen from $7.00 to $4.00 and set a “buy” rating on the stock in a research report on Thursday, May 16th. Roth Capital reaffirmed a “buy” rating on shares of Quest Resource in a research report on Monday, April 15th.

A hedge fund recently raised its stake in Quest Resource stock. Deutsche Bank AG grew its holdings in shares of Quest Resource Holding Corp (NASDAQ:QRHC) by 124.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 20,185 shares of the business services provider’s stock after purchasing an additional 11,185 shares during the period. Deutsche Bank AG owned approximately 0.13% of Quest Resource worth $27,000 as of its most recent SEC filing. Institutional investors own 13.98% of the company’s stock.

Shares of NASDAQ QRHC traded down $0.03 during trading hours on Tuesday, hitting $2.37. The company’s stock had a trading volume of 2,308 shares, compared to its average volume of 15,370. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.23 and a quick ratio of 1.23. Quest Resource has a 12 month low of $1.26 and a 12 month high of $3.10. The stock has a 50-day moving average price of $2.59.

Quest Resource (NASDAQ:QRHC) last posted its earnings results on Wednesday, May 15th. The business services provider reported ($0.01) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.02. The company had revenue of $26.65 million for the quarter, compared to analysts’ expectations of $26.49 million. Quest Resource had a negative return on equity of 1.13% and a negative net margin of 1.22%. As a group, equities research analysts anticipate that Quest Resource will post 0.01 earnings per share for the current year.

About Quest Resource

Quest Resource Holding Corporation, through its subsidiaries, provides solutions for the reuse, recycle, and dispose various waste streams and recyclables in the United States. The company offers recycling and waste management services for motor oil, oil filters, scrap tires, grease and cooking oil, food waste, and expired food products; and various other materials, such as glass, cardboard, paper, and metal, as well as hazardous materials, plastics, construction debris, batteries, mercury, lights, regulated waste, electronic devices, and industrial cleaning products.

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