US Ecology (NASDAQ:ECOL) Stock Rating Upgraded by BidaskClub

BidaskClub upgraded shares of US Ecology (NASDAQ:ECOL) from a sell rating to a hold rating in a research note published on Thursday morning, BidAskClub reports.

A number of other research firms have also weighed in on ECOL. Zacks Investment Research raised US Ecology from a hold rating to a buy rating and set a $68.00 price objective for the company in a research note on Tuesday, August 6th. ValuEngine raised US Ecology from a hold rating to a buy rating in a research note on Thursday, August 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $66.00.

Shares of NASDAQ ECOL traded down $0.55 during mid-day trading on Thursday, reaching $64.21. The company’s stock had a trading volume of 59,353 shares, compared to its average volume of 109,794. The firm has a market capitalization of $1.43 billion, a PE ratio of 27.71 and a beta of 0.52. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.08 and a quick ratio of 2.08. The stock has a fifty day moving average of $61.31 and a two-hundred day moving average of $59.44. US Ecology has a 52 week low of $54.24 and a 52 week high of $76.65.

US Ecology (NASDAQ:ECOL) last released its quarterly earnings data on Thursday, August 1st. The business services provider reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.05. The firm had revenue of $155.80 million during the quarter, compared to analyst estimates of $147.60 million. US Ecology had a return on equity of 13.59% and a net margin of 8.50%. The business’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.61 earnings per share. Analysts anticipate that US Ecology will post 2.26 EPS for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in US Ecology by 0.4% during the second quarter. BlackRock Inc. now owns 3,188,445 shares of the business services provider’s stock valued at $189,841,000 after buying an additional 11,670 shares during the last quarter. Vanguard Group Inc. boosted its stake in US Ecology by 1.0% during the second quarter. Vanguard Group Inc. now owns 1,402,130 shares of the business services provider’s stock valued at $83,483,000 after buying an additional 13,644 shares during the last quarter. Silvercrest Asset Management Group LLC boosted its stake in US Ecology by 8.8% during the second quarter. Silvercrest Asset Management Group LLC now owns 1,305,988 shares of the business services provider’s stock valued at $77,759,000 after buying an additional 106,107 shares during the last quarter. Victory Capital Management Inc. boosted its stake in US Ecology by 8,603.0% during the second quarter. Victory Capital Management Inc. now owns 600,596 shares of the business services provider’s stock valued at $35,759,000 after buying an additional 593,695 shares during the last quarter. Finally, Rothschild & Co. Asset Management US Inc. boosted its stake in US Ecology by 47.3% during the second quarter. Rothschild & Co. Asset Management US Inc. now owns 387,808 shares of the business services provider’s stock valued at $23,090,000 after buying an additional 124,458 shares during the last quarter. 85.82% of the stock is owned by institutional investors.

About US Ecology

US Ecology, Inc, through its subsidiaries, provides environmental services to commercial and government entities in the United States, Canada, and Mexico. It operates through two segments, Environmental Services, and Field & Industrial Services. The Environmental Services segment offers hazardous material management services, including transportation, recycling, treatment, and disposal of hazardous, non-hazardous, and radioactive waste at its landfill, wastewater, deep-well injection, and other treatment facilities.

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