Baird Maintains Stericycle Inc to Neutral with Price Target $85.00

Brokerage firm Baird Maintains its rating on Stericycle Inc(NASDAQ:SRCL). In a research note issued to the investors, the brokerage major Lowers the price-target to $85.00 per share. The shares have been rated Neutral. The rating by Baird was issued on Sep 23, 2016.

In a different note, On Sep 20, 2016, Northcoast Research said it Downgrades its rating on Stericycle Inc. The shares have been rated ‘Neutral’ by the firm. On Sep 7, 2016, Jefferies said it Maintains its rating on Stericycle Inc. In the research note, the firm Lowers the price-target to $125.00 per share. The shares have been rated ‘Buy’ by the firm. Macquarie said it Initiates Coverage on Stericycle Inc, according to a research note issued on Aug 25, 2016. The shares have been rated ‘Neutral’ by the firm. On Jul 29, 2016, Imperial Capital said it Downgrades its rating on Stericycle Inc. In the research note, the firm Lowers the price-target to $100.00 per share. The shares have been rated ‘Underperform’ by the firm. On Jul 29, 2016, Wellington Shields said it Downgrades its rating on Stericycle Inc. The shares have been rated ‘Hold’ by the firm. On Jul 29, 2016, Jefferies said it Maintains its rating on Stericycle Inc. In the research note, the firm Lowers the price-target to $140.00 per share. The shares have been rated ‘Buy’ by the firm.

Stericycle Inc (SRCL) made into the market gainers list on Tuesdays trading session with the shares advancing 0.65% or 0.52 points. Due to strong positive momentum, the stock ended at $80.26, which is also near the day’s high of $80.54. The stock began the session at $79.95 and the volume stood at 13,22,625 shares. The 52-week high of the shares is $151.57 and the 52 week low is $76.76. The company has a current market capitalization of $6,825 M and it has 8,50,41,964 shares in outstanding.

Stericycle Inc(SRCL) last announced its earnings results on Jul 28, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $891.62M. Analysts had an estimated revenue of $912.95M. Earnings per share were $1.18. Analysts had estimated an EPS of $1.18.

Several Insider Transactions has been reported to the SEC. On Sep 16, 2016, John P Schetz (EVP & General Counsel) sold 1,398 shares at $81.85 per share price.Also, On Aug 19, 2016, Rodney F Dammeyer (director) sold 10,188 shares at $85.50 per share price.On Jul 11, 2016, Mark C Miller (director) sold 34,835 shares at $104.52 per share price, according to the Form-4 filing with the securities and exchange commission.

Stericycle Inc. is engaged in the business of providing regulated and compliance solutions to healthcare and commercial businesses. The Company’s solutions include the collection and processing of specialized waste for disposal and a variety of training consulting recall/return communication and compliance services which include training consulting inbound/outbound communications data reporting and other regulatory compliance services. The Company operates regulated waste management networks in the United States Argentina Brazil Canada Chile Ireland Japan Mexico Portugal Romania South Korea Spain and the United Kingdom. The Company operates through two segments: United States and International. The Company’s networks include a total of 181 processing facilities 214 transfer sites and 97 other service facilities. Its regulated waste processing technology is primarily autoclaving. The Company also uses incineration and electro-thermal-deactivation system (ETD).

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