Barclays Maintains Clean Harbors Inc to Overweight with Price Target $57.00

Brokerage firm Barclays Maintains its rating on Clean Harbors Inc(NYSE:CLH). In a research note issued to the investors, the brokerage major Lowers the price-target to $57.00 per share. The shares have been rated Overweight. The rating by Barclays was issued on Aug 9, 2016.

In a different note, Barclays said it Initiates Coverage on Clean Harbors Inc, according to a research note issued on May 18, 2016. The shares have been rated ‘Overweight’ by the firm.

Clean Harbors Inc (CLH) shares turned negative on Wednesdays trading session with the shares closing down -0.2 points or -0.41% at a volume of 2,31,177. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $49.13. The peak price level was also seen at $49.13 while the days lowest was $48.32. Finally the shares closed at $48.63. The 52-week high of the shares is $54.54 while the 52-week low is $37.09. According to the latest information available, the market cap of the company is $2,796 M.

Clean Harbors Inc(CLH) last announced its earnings results on Aug 3, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $697.51M. Analysts had an estimated revenue of $727.68M. Earnings per share were $0.15. Analysts had estimated an EPS of $0.24.

Several Insider Transactions has been reported to the SEC. On Aug 8, 2016, James M Rutledge (Vice Chmn, Pres.) sold 16,000 shares at $50.74 per share price.Also, On Aug 8, 2016, Andrea Robertson (director) sold 3,608 shares at $50.82 per share price.On Jun 29, 2016, Brian P Weber (EVP (CHESI) sold 920 shares at $50.22 per share price, according to the Form-4 filing with the securities and exchange commission.

Clean Harbors Inc. is a provider of environmental energy and industrial services throughout North America. The Company operates in six segments: Technical Services which provides a range of hazardous material management services; Industrial and Field Services which provides industrial and specialty services such as high-pressure and chemical cleaning catalyst handling decoking; Oil Re-refining and Recycling which processes used oil into base and blended lubricating oils; SK Environmental Services which consists of Safety-Kleen’s branches and provides a range of environmental services; Lodging Services which provides lodges and remote workforce accommodation facilities and Oil and Gas Field Services which provides fluid handling fluid hauling production servicing surface rentals seismic services. The Company has a network of over 400 service locations across 48 states eight Canadian provinces Puerto Rico Mexico and Trinidad.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Clean Harbors Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Clean Harbors Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.