Stifel Nicolaus analyst Michael E. Hoffman maintained a Buy rating on Clean Harbors (CLH – Research Report) today and set a price target of $220.00. The company’s shares closed last Friday at $193.71.
According to TipRanks, E. Hoffman is a 5-star analyst with an average return of 11.1% and a 57.69% success rate. E. Hoffman covers the Industrials sector, focusing on stocks such as Clean Harbors, Hillman Solutions, and Montrose Environmental Group.
Clean Harbors has an analyst consensus of Strong Buy, with a price target consensus of $211.20, representing a 9.03% upside. In a report released on April 16, Robert W. Baird also maintained a Buy rating on the stock with a $235.00 price target.
Based on Clean Harbors’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.34 billion and a net profit of $98.35 million. In comparison, last year the company earned a revenue of $1.28 billion and had a net profit of $82.47 million
Based on the recent corporate insider activity of 83 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CLH in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Clean Harbors (CLH) Company Description:
Clean Harbors, Inc. engages in the provision of environmental, energy, and industrial services. It operates through the Environmental Services and Safety-Kleen business segments. The Environmental Services segment consists of the technical services; industrial services; field services; and oil, gas, and lodging businesses. The Safety-Kleen segment includes parts washer services, containerized waste services, vac services, used motor oil collection, and sale of base and blended oil products as well as complementary products. The company was founded by Alan S. McKim in 1980 and is headquartered in Norwell, MA.
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