PureCycle Technologies, Inc. (NYSE:PCT – Get Free Report) has received a consensus rating of “Hold” from the six research firms that are presently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $6.75.
A number of research firms recently issued reports on PCT. Stifel Nicolaus boosted their target price on shares of PureCycle Technologies from $7.00 to $8.00 and gave the company a “buy” rating in a research report on Monday, August 12th. Craig Hallum increased their price objective on shares of PureCycle Technologies from $4.00 to $6.00 and gave the stock a “hold” rating in a research report on Friday, August 9th. Finally, TD Cowen raised their target price on PureCycle Technologies from $7.50 to $10.00 and gave the company a “buy” rating in a research note on Friday, August 9th.
Get Our Latest Stock Analysis on PCT
Institutional Trading of PureCycle Technologies
PureCycle Technologies Stock Down 0.5 %
Shares of PureCycle Technologies stock opened at $5.64 on Wednesday. The firm has a market cap of $928.52 million, a price-to-earnings ratio of -5.53 and a beta of 1.62. PureCycle Technologies has a one year low of $2.38 and a one year high of $9.93. The stock’s 50-day moving average is $6.13 and its 200 day moving average is $5.65. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.67 and a quick ratio of 0.54.
About PureCycle Technologies
PureCycle Technologies, Inc engages in the production of recycled polypropylene (PP). The company holds a license for restoring waste PP into ultra-pure recycled polypropylene resin that has multiple applications, including packaging and labeling for consumer products, piping, ropes, cabling, and plastic parts for various industries.
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