The stock of Stericycle Inc (NASDAQ:SRCL) hit a new 52-week low and has $70.30 target or 5.00% below today’s $74.00 share price. The 8 months bearish chart indicates high risk for the $6.14 billion company. The 1-year low was reported on Nov, 4 by Barchart.com. If the $70.30 price target is reached, the company will be worth $307.00M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 301,836 shares traded hands. Stericycle Inc (NASDAQ:SRCL) has declined 42.70% since April 4, 2016 and is downtrending. It has underperformed by 43.79% the S&P500.
Stericycle Inc (NASDAQ:SRCL) Ratings Coverage
Out of 12 analysts covering Stericycle (NASDAQ:SRCL), 3 rate it a “Buy”, 3 “Sell”, while 6 “Hold”. This means 25% are positive. Stericycle has been the topic of 31 analyst reports since August 14, 2015 according to StockzIntelligence Inc. Imperial Capital maintained the shares of SRCL in a report on Thursday, May 26 with “In-Line” rating. The rating was downgraded by Goldman Sachs to “Sell” on Thursday, November 3. The stock of Stericycle Inc (NASDAQ:SRCL) earned “Market Perform” rating by Raymond James on Friday, April 29. The stock has “Neutral” rating given by Macquarie Research on Friday, August 26. The stock of Stericycle Inc (NASDAQ:SRCL) earned “Buy” rating by Zacks on Friday, August 14. On Wednesday, October 5 the stock rating was maintained by Barrington Research with “Outperform”. The firm earned “In-Line” rating on Monday, February 8 by Imperial Capital. The rating was maintained by RBC Capital Markets on Monday, November 30 with “Sector Perform”. The stock of Stericycle Inc (NASDAQ:SRCL) earned “Buy” rating by Stifel Nicolaus on Friday, October 28. The firm has “Sector Perform” rating given on Friday, October 23 by RBC Capital Markets.
According to Zacks Investment Research, “Stericycle, Inc. is a multi-regional integrated company employing proprietary technology to provide environmentally-responsible management of regulated medical waste for the health care industry. The Company is the second-largest provider of regulated medical waste management services in the United States.”
Insitutional Activity: The institutional sentiment decreased to 0.91 in Q2 2016. Its down 0.14, from 1.05 in 2016Q1. The ratio dropped, as 61 funds sold all Stericycle Inc shares owned while 218 reduced positions. 67 funds bought stakes while 186 increased positions. They now own 75.40 million shares or 8.40% less from 82.31 million shares in 2016Q1.
Stifel Fincl Corp reported 228,857 shares or 0.11% of all its holdings. The Germany-based Commerzbank Aktiengesellschaft Fi has invested 0.01% in Stericycle Inc (NASDAQ:SRCL). Princeton Alpha Mngmt Lp reported 6,591 shares or 0.12% of all its holdings. Manchester Mgmt Limited Liability has 0% invested in the company for 137 shares. Global Thematic Ltd Liability has invested 1.59% of its portfolio in Stericycle Inc (NASDAQ:SRCL). Fincl Architects holds 0.01% of its portfolio in Stericycle Inc (NASDAQ:SRCL) for 196 shares. Regions last reported 0.02% of its portfolio in the stock. Fcm Tx reported 21,355 shares or 1.32% of all its holdings. The New York-based Teton Advisors Incorporated has invested 0.18% in Stericycle Inc (NASDAQ:SRCL). Bnp Paribas Prtnrs Sa accumulated 18,641 shares or 0.02% of the stock. Marsico Capital Mgmt Lc reported 31,068 shares or 0.11% of all its holdings. Godshalk Welsh Incorporated accumulated 0.54% or 4,889 shares. Mizuho Banking Co Limited owns 171,022 shares or 0.05% of their US portfolio. Benjamin F Edwards & last reported 0% of its portfolio in the stock. State Of Alaska Department Of Revenue reported 5,812 shares or 0.06% of all its holdings.
Insider Transactions: Since June 15, 2016, the stock had 0 insider purchases, and 5 insider sales for $9.73 million net activity. MILLER MARK C had sold 25,000 shares worth $2.53 million. $871,085 worth of Stericycle Inc (NASDAQ:SRCL) was sold by Dammeyer Rodney F on Wednesday, August 17. $114,431 worth of Stericycle Inc (NASDAQ:SRCL) was sold by Schetz John P on Wednesday, September 14.
More news for Stericycle Inc (NASDAQ:SRCL) were recently published by: Fool.com, which released: “Share Repurchases Help Stericycle Inc Clean Up Q3” on October 28, 2016. Seekingalpha.com‘s article titled: “Stericycle – Better-Than-Feared Results Trigger Relief Rally” and published on October 31, 2016 is yet another important article.
SRCL Company Profile
Stericycle, Inc., incorporated on March 21, 1989, is a business-to-business services well-known provider with a focus on regulated and compliance solutions for healthcare, retail and commercial businesses. The Company’s solutions include the collection and processing of specialized waste for disposal, the collection of personal and confidential information for secure destruction, and a range of training, consulting, recall/return, communication and compliance services. The Firm operates regulated waste management networks in the United States and over 20 other countries. It operates through two geographical divisions: United States and International. The Company’s networks include a total of approximately 250 processing facilities, over 360 transfer sites and over 140 other service facilities. The Company’s regulated waste processing treatments or technologies are autoclaving and incineration.
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