Stericycle (NASDAQ:SRCL) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Stericycle (NASDAQ:SRCL) in a report published on Wednesday. The firm issued a hold rating on the business services provider’s stock.

Other research analysts also recently issued research reports about the stock. Truist Financial increased their price objective on shares of Stericycle from $50.00 to $62.00 and gave the company a hold rating in a report on Tuesday, June 4th. Royal Bank of Canada reissued a sector perform rating and set a $62.00 price objective (down previously from $69.00) on shares of Stericycle in a report on Tuesday, June 4th. Keefe, Bruyette & Woods increased their price objective on shares of Stericycle from $135.00 to $142.00 and gave the company an outperform rating in a report on Tuesday, June 4th. Finally, Robert W. Baird dropped their price objective on shares of Stericycle from $62.00 to $55.00 and set a neutral rating for the company in a report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of Hold and a consensus target price of $74.00.

Stericycle Stock Performance

SRCL opened at $58.79 on Wednesday. The firm has a 50-day simple moving average of $57.57 and a two-hundred day simple moving average of $52.37. Stericycle has a 52 week low of $37.78 and a 52 week high of $59.45. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.13 and a quick ratio of 1.13.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Raymond James Financial Services Advisors Inc. lifted its stake in Stericycle by 4.9% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 7,243 shares of the business services provider’s stock worth $359,000 after purchasing an additional 336 shares during the last quarter. Pacer Advisors Inc. lifted its stake in Stericycle by 76.6% in the fourth quarter. Pacer Advisors Inc. now owns 14,018 shares of the business services provider’s stock worth $695,000 after purchasing an additional 6,081 shares during the last quarter. Fifth Third Bancorp lifted its stake in Stericycle by 3.2% in the fourth quarter. Fifth Third Bancorp now owns 50,824 shares of the business services provider’s stock worth $2,519,000 after purchasing an additional 1,561 shares during the last quarter. International Assets Investment Management LLC lifted its stake in Stericycle by 4,856.0% in the fourth quarter. International Assets Investment Management LLC now owns 38,062 shares of the business services provider’s stock worth $1,886,000 after purchasing an additional 37,294 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in Stericycle by 9.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 7,269 shares of the business services provider’s stock worth $360,000 after purchasing an additional 600 shares during the last quarter. Institutional investors own 98.82% of the company’s stock.

Stericycle Company Profile

Stericycle, Inc, together with its subsidiaries, provides regulated waste and compliance services in the United States, Europe, and internationally. The company offers regulated waste and compliance services, including regulated medical waste, sharps waste management and disposal, pharmaceutical waste management and disposal, chemotherapy waste and disposal, controlled substance waste disposal, healthcare hazardous waste, and integrated waste stream solutions; specialty services, such as MedDrop medication collection kiosks, safe community solutions, SafeDrop sharps mailback solutions, and airport and maritime waste services; medical supply store services, that includes sharps and disposable biohazardous waste containers, infection control supplies, and seal&send medication mail back; and compliance solutions including Steri-Safe compliance solutions.