The stock of Harsco Corporation (NYSE:HSC) is a huge mover today! About 317,074 shares traded hands. Harsco Corporation (NYSE:HSC) has risen 73.87% since April 4, 2016 and is uptrending. It has outperformed by 72.78% the S&P500.
The move comes after 8 months positive chart setup for the $783.11 million company. It was reported on Nov, 4 by Barchart.com. We have $14.10 PT which if reached, will make NYSE:HSC worth $328.91 million more.
Analysts await Harsco Corporation (NYSE:HSC) to report earnings on November, 14. They expect $0.12 EPS, down 33.33% or $0.06 from last year’s $0.18 per share. HSC’s profit will be $9.46M for 20.69 P/E if the $0.12 EPS becomes a reality. After $0.15 actual EPS reported by Harsco Corporation for the previous quarter, Wall Street now forecasts -20.00% negative EPS growth.
Harsco Corporation (NYSE:HSC) Ratings Coverage
Out of 3 analysts covering Harsco Corporation (NYSE:HSC), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Harsco Corporation has been the topic of 5 analyst reports since August 17, 2015 according to StockzIntelligence Inc. Lake Street initiated Harsco Corporation (NYSE:HSC) rating on Tuesday, September 13. Lake Street has “Buy” rating and $17 price target. The stock of Harsco Corporation (NYSE:HSC) earned “Overweight” rating by KeyBanc Capital Markets on Monday, August 17. As per Wednesday, October 7, the company rating was maintained by KeyBanc Capital Markets.
According to Zacks Investment Research, “Harsco Corporation is a services and engineered products company. The principal lines of business are: mill services that are provided to steel and non-ferrous metal producers; gas control and containment products; scaffolding services; railway maintenance of way services and equipment; and several other lines of business including, process equipment, industrial grating and bridge decking, industrial pipe fittings, slag abrasives and roofing granules.”
Insitutional Activity: The institutional sentiment decreased to 1.12 in 2016 Q2. Its down 0.07, from 1.19 in 2016Q1. The ratio dived, as 22 funds sold all Harsco Corporation shares owned while 56 reduced positions. 26 funds bought stakes while 61 increased positions. They now own 63.72 million shares or 1.59% less from 64.74 million shares in 2016Q1.
California Pub Employees Retirement has 0.01% invested in the company for 517,053 shares. Hbk Invs Lp accumulated 0.01% or 146,100 shares. Moreover, Jacobs Levy Equity Mngmt Inc has 0.01% invested in Harsco Corporation (NYSE:HSC) for 65,091 shares. Advisors Asset Management Inc reported 441,497 shares or 0.05% of all its holdings. Moreover, Segall Bryant & Hamill Ltd Limited Liability Company has 0.21% invested in Harsco Corporation (NYSE:HSC) for 1.22 million shares. Tfs Ltd Liability Corporation has invested 0.26% of its portfolio in Harsco Corporation (NYSE:HSC). Tocqueville Asset Mngmt Lp has 0.15% invested in the company for 1.81 million shares. Teachers Inc, a New York-based fund reported 130,991 shares. Columbia Prns L L C Invest Mgmt last reported 15,232 shares in the company. The Connecticut-based Quantitative Systematic Strategies Ltd Liability Co has invested 0.08% in Harsco Corporation (NYSE:HSC). Bridgeway Cap Incorporated holds 27,000 shares or 0% of its portfolio. Moreover, Pinebridge Invests Limited Partnership has 0% invested in Harsco Corporation (NYSE:HSC) for 10,158 shares. Carroll Financial Assocs accumulated 0% or 598 shares. Cubist Systematic Strategies Limited Liability Co, a Connecticut-based fund reported 27,605 shares. Peak6 Investments Lp has 0% invested in the company for 8,452 shares.
More notable recent Harsco Corporation (NYSE:HSC) news were published by: Streetinsider.com which released: “Harsco Corporation (HSC) Posts Inline Q3 EPS; Issues Q4 Outlook” on November 03, 2016, also Fool.com with their article: “Preliminary Results Send Harsco Corporation’s Stock Soaring” published on July 14, 2016, Fool.com published: “Here’s Why Harsco Corporation’s Stock is Getting Hammered Today” on February 26, 2016. More interesting news about Harsco Corporation (NYSE:HSC) were released by: Businesswire.com and their article: “Fitch Downgrades Harsco Corporation to ‘BB’; Outlook Negative” published on March 29, 2016 as well as Streetinsider.com‘s news article titled: “S&P Downgrades Harsco Corporation (HSC) to ‘BB-‘; Outlook Negative” with publication date: March 09, 2016.
HSC Company Profile
Harsco Corporation, incorporated on February 28, 1956, is a well-known provider of industrial services and engineered products serving global industries. The Firm operates in three divisions: Harsco Metals & Minerals, Harsco Industrial and Harsco Rail. The Company’s Harsco Metals & Minerals segment is a well-known provider of on-site, outsourced services to the metals industries across the world. Harsco Industrial segment includes the Harsco Industrial IKG, Harsco Industrial Air-X-Changers and Harsco Industrial Patterson-Kelley businesses. Harsco Rail segment is a well-known provider of equipment and services for the maintenance, repair and construction of railway track. The Company’s principal lines of business include outsourced, on-site services of material logistics and resource recovery for iron, steel and metals manufacturing; air-cooled heat exchangers; industrial grating products; heat transfer products, and railway track maintenance services and equipment.
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