Barclays Downgrades US Ecology Inc to Underweight with Price Target $40.00

Brokerage firm Barclays Downgrades its rating on US Ecology Inc(NASDAQ:ECOL). In a research note issued to the investors, the brokerage major Lowers the price-target to $40.00 per share. The shares have been rated Underweight. Previously, the analysts had a Equal-weight rating on the shares. The rating by Barclays was issued on Aug 9, 2016.

In a different note, Barclays said it Initiates Coverage on US Ecology Inc, according to a research note issued on May 18, 2016. The shares have been rated ‘Equal-weight’ by the firm.

US Ecology Inc (ECOL) shares turned negative on Wednesdays trading session with the shares closing down -0.26 points or -0.59% at a volume of 88,358. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $44.44. The peak price level was also seen at $44.44 while the days lowest was $43.51. Finally the shares closed at $43.83. The 52-week high of the shares is $52.99 while the 52-week low is $29.89. According to the latest information available, the market cap of the company is $954 M.

US Ecology Inc(ECOL) last announced its earnings results on Jul 28, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $122.35M. Analysts had an estimated revenue of $122.16M. Earnings per share were $0.37. Analysts had estimated an EPS of $0.41.

Several Insider Transactions has been reported to the SEC. On Jan 20, 2016, Stephen A Romano (director) sold 4,000 shares at $48.93 per share price.Also, On Aug 19, 2015, Simon G Bell (EVP Operations) sold 1,726 shares at $52.36 per share price.On Aug 18, 2015, Steven D Welling (EVP Sales and Mkt.) sold 7,522 shares at $52.07 per share price, according to the Form-4 filing with the securities and exchange commission.

US Ecology Inc. (US Ecology) is a North American provider of environmental services to commercial and government entities. The Company operates in two business segments: Environmental Services and Field & Industrial Services. The Environmental Services segment includes all of the legacy US Ecology operations and the legacy EQ treatment and disposal facilities. It provides a range of hazardous material management services including transportation recycling treatment and disposal of hazardous and non-hazardous waste at Company-owned landfill wastewater and other treatment facilities. The Field & Industrial Services segment includes all of the field and industrial service business of the legacy EQ operation. It provides packaging and collection of hazardous waste and total waste management solutions at customer sites and through its 10-day transfer facilities.

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