BMO Capital Maintained Stericycle (NASDAQ:SRCL) As a Market Perform; They Now Have a Target Price per Share Of $62

November 24, 2017 - By Hazel Jackson

 BMO Capital Maintained Stericycle (NASDAQ:SRCL) As a Market Perform; They Now Have a Target Price per Share Of $62

Investors sentiment decreased to 0.94 in Q2 2017. Its down 0.18, from 1.12 in 2017Q1. It is negative, as 48 investors sold Stericycle Inc shares while 185 reduced holdings. 62 funds opened positions while 158 raised stakes. 76.38 million shares or 1.92% less from 77.87 million shares in 2017Q1 were reported.

Rhumbline Advisers invested in 0.02% or 139,928 shares. Boothbay Fund Limited Liability Corporation holds 4,500 shares. Plante Moran Financial Advsrs Ltd invested 0.01% of its portfolio in Stericycle Inc (NASDAQ:SRCL). The Massachusetts-based Howland Mngmt Ltd has invested 0.09% in Stericycle Inc (NASDAQ:SRCL). Cipher Capital L P invested 0.2% of its portfolio in Stericycle Inc (NASDAQ:SRCL). Moreover, Balyasny Asset Mgmt Ltd Com has 0% invested in Stericycle Inc (NASDAQ:SRCL) for 13,138 shares. Community Financial Serv Grp Limited Liability Corporation has 51,020 shares. Victory Mngmt Inc invested in 15,447 shares. 1,404 are owned by Nelson Van Denburg Campbell Wealth Mngmt Group Limited Company. Credit Suisse Ag stated it has 0.03% of its portfolio in Stericycle Inc (NASDAQ:SRCL). The Massachusetts-based Fmr has invested 0.02% in Stericycle Inc (NASDAQ:SRCL). Olstein Lp accumulated 1.52% or 156,835 shares. Wolverine Asset Management Ltd Com holds 0.06% or 65,541 shares. Davis R M Inc stated it has 0.01% in Stericycle Inc (NASDAQ:SRCL). Brown Brothers Harriman holds 2,793 shares.

Stericycle (NASDAQ:SRCL) Rating Reaffirmed

The broker has just set a TP of $62 on Stericycle (NASDAQ:SRCL) shares. This is -1.31 % from the last stock price. In an analyst report issued to investors and clients on Friday morning, BMO Capital kept their Market Perform rating on shares of SRCL.

Investors sentiment decreased to 0.94 in Q2 2017. Its down 0.18, from 1.12 in 2017Q1. It is negative, as 48 investors sold Stericycle Inc shares while 185 reduced holdings. 62 funds opened positions while 158 raised stakes. 76.38 million shares or 1.92% less from 77.87 million shares in 2017Q1 were reported.

Rhumbline Advisers invested in 0.02% or 139,928 shares. Boothbay Fund Limited Liability Corporation holds 4,500 shares. Plante Moran Financial Advsrs Ltd invested 0.01% of its portfolio in Stericycle Inc (NASDAQ:SRCL). The Massachusetts-based Howland Mngmt Ltd has invested 0.09% in Stericycle Inc (NASDAQ:SRCL). Cipher Capital L P invested 0.2% of its portfolio in Stericycle Inc (NASDAQ:SRCL). Moreover, Balyasny Asset Mgmt Ltd Com has 0% invested in Stericycle Inc (NASDAQ:SRCL) for 13,138 shares. Community Financial Serv Grp Limited Liability Corporation has 51,020 shares. Victory Mngmt Inc invested in 15,447 shares. 1,404 are owned by Nelson Van Denburg Campbell Wealth Mngmt Group Limited Company. Credit Suisse Ag stated it has 0.03% of its portfolio in Stericycle Inc (NASDAQ:SRCL). The Massachusetts-based Fmr has invested 0.02% in Stericycle Inc (NASDAQ:SRCL). Olstein Lp accumulated 1.52% or 156,835 shares. Wolverine Asset Management Ltd Com holds 0.06% or 65,541 shares. Davis R M Inc stated it has 0.01% in Stericycle Inc (NASDAQ:SRCL). Brown Brothers Harriman holds 2,793 shares.

Stericycle Inc (NASDAQ:SRCL) Ratings Coverage

Among 15 analysts covering Stericycle (NASDAQ:SRCL), 5 have Buy rating, 3 Sell and 7 Hold. Therefore 33% are positive. Stericycle has $160 highest and $62 lowest target. $83.64’s average target is 33.14% above currents $62.82 stock price. Stericycle had 48 analyst reports since August 14, 2015 according to SRatingsIntel. The firm has “Hold” rating by Oppenheimer given on Thursday, November 9. The rating was maintained by RBC Capital Markets on Monday, February 8 with “Sector Perform”. The stock of Stericycle Inc (NASDAQ:SRCL) earned “Buy” rating by Sterne Agee CRT on Tuesday, March 22. As per Friday, April 29, the company rating was downgraded by RBC Capital Markets. The stock of Stericycle Inc (NASDAQ:SRCL) earned “Sell” rating by RBC Capital Markets on Wednesday, October 11. The firm earned “Neutral” rating on Friday, August 26 by Macquarie Research. The company was maintained on Thursday, August 3 by Oppenheimer. The rating was downgraded by Northcoast on Tuesday, September 20 to “Neutral”. The firm has “Buy” rating given on Friday, August 11 by Jefferies. On Friday, August 14 the stock rating was downgraded by Zacks to “Buy”.

It closed at $62.82 lastly. It is down 14.12% since November 24, 2016 and is downtrending. It has underperformed by 30.82% the S&P500.

Wall Street await Stericycle Inc (NASDAQ:SRCL) to release earnings on February, 21. Analysts forecast EPS of $1.15, up exactly $0.15 or 15.00 % from 2014’s $1 EPS. The expected SRCL’s profit could reach $98.12M giving the stock 13.66 P/E in the case that $1.15 earnings per share is reported. After posting $1.10 EPS for the previous quarter, Stericycle Inc’s analysts now forecast 4.55 % EPS growth.

Stericycle, Inc. is a business-to-business services provider. The company has market cap of $5.36 billion. The Firm focuses on regulated and compliance solutions for healthcare, retail, and commercial businesses. It currently has negative earnings. The Company’s divisions include Domestic and Canada Regulated Waste and Compliance Services , Domestic Communication and Related Services (CRS), International RCS and All other.

More notable recent Stericycle Inc (NASDAQ:SRCL) news were published by: Streetinsider.com which released: “Stericycle (SRCL) Approves Restructuring Plan to Reduce Headcount” on November 16, 2017, also Nasdaq.com with their article: “Stericycle Inc. Reveals 12% Fall In Q3 Earnings” published on November 08, 2017, Globenewswire.com published: “Stericycle, Inc. Reports Third-Quarter 2017 Results” on November 08, 2017. More interesting news about Stericycle Inc (NASDAQ:SRCL) were released by: Fool.com and their article: “Stericycle Inc. Stumbled Backwards in Q3” published on November 09, 2017 as well as Businesswire.com‘s news article titled: “Stericycle, Inc. Announces Partnership with National Safety Council for Opioid …” with publication date: November 09, 2017.

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