Stericycle (NASDAQ:SRCL) Reaching An Inflection Point; Oppenheimer Coverage Initiated as Hold

February 15, 2018 - By Vivian Currie

 Stericycle (NASDAQ:SRCL) Reaching An Inflection Point; Oppenheimer Coverage Initiated as Hold

Investors sentiment decreased to 0.89 in 2017 Q3. Its down 0.05, from 0.94 in 2017Q2. It is negative, as 42 investors sold Stericycle, Inc. shares while 185 reduced holdings. 54 funds opened positions while 148 raised stakes. 78.02 million shares or 2.16% more from 76.38 million shares in 2017Q2 were reported.

Moreover, Jennison Assoc Limited Liability Co has 0.11% invested in Stericycle, Inc. (NASDAQ:SRCL). Mcf Advisors Lc reported 100 shares stake. Moreover, Global Thematic Ptnrs Ltd has 2.12% invested in Stericycle, Inc. (NASDAQ:SRCL). Moreover, Eagleclaw Managment Ltd Liability has 0.97% invested in Stericycle, Inc. (NASDAQ:SRCL). Enterprise Services holds 0% or 26 shares. Norris Perne & French Ltd Liability Partnership Mi invested in 0.99% or 89,161 shares. St Germain D J Inc has 133,598 shares for 1.2% of their portfolio. Brown Advisory reported 44,263 shares stake. Nelson Van Denburg Campbell Wealth Mngmt Group Incorporated Lc, a Nebraska-based fund reported 1,280 shares. Wellington Shields Management Ltd Liability Co reported 3,400 shares or 0.03% of all its holdings. Comerica Bank & Trust accumulated 0.01% or 25,389 shares. Zeke Cap Limited Com owns 3,491 shares for 0.03% of their portfolio. Pictet Asset Mgmt Ltd owns 46,086 shares. Moreover, Olstein Mgmt Lp has 1.74% invested in Stericycle, Inc. (NASDAQ:SRCL) for 188,750 shares. 4,962 are held by Reliance Tru Communications Of Delaware.

Since October 30, 2017, it had 0 insider buys, and 1 insider sale for $1.39 million activity.

How Oppenheimer Currently Rates Stericycle (NASDAQ:SRCL)

In analysts note shared with investors and clients on Thursday morning, Oppenheimer analyst just began coverage of Stericycle (NASDAQ:SRCL) with Hold rating.

Investors sentiment decreased to 0.89 in 2017 Q3. Its down 0.05, from 0.94 in 2017Q2. It is negative, as 42 investors sold Stericycle, Inc. shares while 185 reduced holdings. 54 funds opened positions while 148 raised stakes. 78.02 million shares or 2.16% more from 76.38 million shares in 2017Q2 were reported.

Moreover, Jennison Assoc Limited Liability Co has 0.11% invested in Stericycle, Inc. (NASDAQ:SRCL). Mcf Advisors Lc reported 100 shares stake. Moreover, Global Thematic Ptnrs Ltd has 2.12% invested in Stericycle, Inc. (NASDAQ:SRCL). Moreover, Eagleclaw Managment Ltd Liability has 0.97% invested in Stericycle, Inc. (NASDAQ:SRCL). Enterprise Services holds 0% or 26 shares. Norris Perne & French Ltd Liability Partnership Mi invested in 0.99% or 89,161 shares. St Germain D J Inc has 133,598 shares for 1.2% of their portfolio. Brown Advisory reported 44,263 shares stake. Nelson Van Denburg Campbell Wealth Mngmt Group Incorporated Lc, a Nebraska-based fund reported 1,280 shares. Wellington Shields Management Ltd Liability Co reported 3,400 shares or 0.03% of all its holdings. Comerica Bank & Trust accumulated 0.01% or 25,389 shares. Zeke Cap Limited Com owns 3,491 shares for 0.03% of their portfolio. Pictet Asset Mgmt Ltd owns 46,086 shares. Moreover, Olstein Mgmt Lp has 1.74% invested in Stericycle, Inc. (NASDAQ:SRCL) for 188,750 shares. 4,962 are held by Reliance Tru Communications Of Delaware.

Since October 30, 2017, it had 0 insider buys, and 1 insider sale for $1.39 million activity.

Stericycle, Inc. (NASDAQ:SRCL) Ratings Coverage

Among 15 analysts covering Stericycle (NASDAQ:SRCL), 5 have Buy rating, 2 Sell and 8 Hold. Therefore 33% are positive. Stericycle has $160 highest and $62 lowest target. $84.27’s average target is 11.82% above currents $75.36 stock price. Stericycle had 54 analyst reports since August 14, 2015 according to SRatingsIntel. The firm has “Buy” rating by Jefferies given on Friday, September 15. On Thursday, November 3 the stock rating was downgraded by Goldman Sachs to “Sell”. As per Thursday, December 28, the company rating was maintained by Stifel Nicolaus. RBC Capital Markets downgraded the stock to “Underperform” rating in Friday, April 29 report. BMO Capital Markets maintained it with “Hold” rating and $72.0 target in Monday, January 22 report. Robert W. Baird downgraded the stock to “Neutral” rating in Friday, October 23 report. The firm has “Market Perform” rating given on Friday, April 29 by Raymond James. The company was maintained on Friday, September 9 by Imperial Capital. The stock of Stericycle, Inc. (NASDAQ:SRCL) earned “Buy” rating by Jefferies on Friday, November 10. The company was downgraded on Friday, July 29 by Imperial Capital.

The stock increased 1.44% or $1.07 during the last trading session, reaching $75.36. About 235,952 shares traded. Stericycle, Inc. (NASDAQ:SRCL) has declined 14.12% since February 15, 2017 and is downtrending. It has underperformed by 30.82% the S&P500.

Analysts await Stericycle, Inc. (NASDAQ:SRCL) to report earnings on February, 21. They expect $1.14 EPS, up 14.00 % or $0.14 from last year’s $1 per share. SRCL’s profit will be $97.33 million for 16.53 P/E if the $1.14 EPS becomes a reality. After $1.10 actual EPS reported by Stericycle, Inc. for the previous quarter, Wall Street now forecasts 3.64 % EPS growth.

Stericycle, Inc., together with its subsidiaries, provides regulated and compliance solutions to the healthcare, retail, and commercial businesses in the United States and internationally. The company has market cap of $6.43 billion. The firm collects and processes regulated and specialized waste for disposal services; and collects personal and confidential information for secure destruction, as well as offers training, consulting, recall/return, communication, and compliance services. It currently has negative earnings. The Company’s services and products include medical waste management, reusable sharps disposal management, pharmaceutical waste, and hazardous waste management services; integrated waste stream solutions program; sustainability and recycling services for expired or unused inventory; secure information destruction and hard drive destruction services; and regulated recall and returns management communication, logistics, and data management services for expired, withdrawn, or recalled products.

More recent Stericycle, Inc. (NASDAQ:SRCL) news were published by: Nasdaq.com which released: “Is Stericycle (SRCL) a Great Stock for Value Investors?” on January 22, 2018. Also Globenewswire.com published the news titled: “Stericycle to Participate in Two Investor Events in March” on February 07, 2018. Nasdaq.com‘s news article titled: “Stericycle (SRCL) Shares Cross Above 200 DMA” with publication date: January 31, 2018 was also an interesting one.

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