At the time of writing, Clean Harbors, Inc. [CLH] stock is trading at $202.36, up 6.81%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The CLH shares have gain 3.24% over the last week, with a monthly amount glided 3.54%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Clean Harbors, Inc. [NYSE: CLH] stock has seen the most recent analyst activity on December 19, 2023, when Stifel reiterated its Buy rating and also boosted its price target to $206 from $180. Previously, Wells Fargo started tracking the stock with Overweight rating on December 08, 2023, and set its price target to $190. On October 17, 2023, Wolfe Research initiated with a Outperform rating and assigned a price target of $184 on the stock. Truist started tracking the stock assigning a Buy rating and suggested a price target of $165 on April 18, 2023. UBS downgraded its rating to a Neutral but $135 remained the price target by the analyst firm on November 03, 2022. Goldman upgraded its rating to Neutral for this stock on April 05, 2022, and upped its price target to $120. In a note dated March 30, 2022, DA Davidson initiated an Buy rating and provided a target price of $130 on this stock.
For the past year, the stock price of Clean Harbors, Inc. fluctuated between $129.70 and $204.06. Currently, Wall Street analysts expect the stock to reach $178.75 within the next 12 months. Clean Harbors, Inc. [NYSE: CLH] shares were valued at $202.36 at the most recent close of the market. An investor can expect a potential drop of -11.67% based on the average CLH price forecast.
Analyzing the CLH fundamentals
According to Clean Harbors, Inc. [NYSE:CLH], the company’s sales were 5.48B for trailing twelve months, which represents an 5.30% jump. Gross Profit Margin for this corporation currently stands at 0.31% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.17 and Total Capital is 0.1. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.3.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 194.48 points at the first support level, and at 186.61 for the second support level. However, for the 1st resistance point, the stock is sitting at 208.26, and for the 2nd resistance point, it is at 214.16.
Clean Harbors, Inc. [CLH] reported earnings per share of $1.82 for its fiscal quarter that ended on 12/31/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.69/share, meaning a difference of $0.13 and a surprise factor of 7.70%. By comparison, the stated earnings for the previous quarter ended on 9/30/2023 were $1.68 per share as compared to estimates of $2.1 per share, a difference of -$0.42 representing a surprise of -20.00%.
Ratios To Look Out For
It is important to note that Clean Harbors, Inc. [NYSE:CLH] has a current ratio of 2.07. In addition, the Quick Ratio stands at 1.72 and the Cash Ratio stands at 0.33. Considering the valuation of this stock, the price to sales ratio is 1.99, the price to book ratio is 4.86 and price to earnings (TTM) ratio is 29.31.
Transactions by insiders
Recent insider trading involved Weber Brian P, EVP (CHESI), that happened on Mar 27 ’24 when 7996.0 shares were sold. CO-CEO, GERSTENBERG ERIC W completed a deal on Mar 15 ’24 to sell 15276.0 shares. Meanwhile, Director PRESTON JOHN T sold 1913.0 shares on Mar 14 ’24.
