The stock of Stericycle Inc (NASDAQ:SRCL) hit a new 52-week low and has $68.77 target or 7.00% below today’s $73.95 share price. The 8 months bearish chart indicates high risk for the $6.32B company. The 1-year low was reported on Nov, 9 by Barchart.com. If the $68.77 price target is reached, the company will be worth $442.40M 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 737,343 shares traded hands. Stericycle Inc (NASDAQ:SRCL) has declined 41.66% since April 7, 2016 and is downtrending. It has underperformed by 46.44% 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. The firm has “Outperform” rating by Raymond James given on Tuesday, September 8. The company was maintained on Monday, May 2 by Wedbush. Imperial Capital maintained Stericycle Inc (NASDAQ:SRCL) on Monday, October 26 with “In-Line” rating. The stock of Stericycle Inc (NASDAQ:SRCL) has “Sector Perform” rating given on Monday, November 30 by RBC Capital Markets. The firm earned “Hold” rating on Friday, April 29 by Stifel Nicolaus. The firm has “Underperform” rating by Imperial Capital given on Friday, September 9. The rating was downgraded by Northcoast on Tuesday, September 20 to “Neutral”. As per Wednesday, October 5, the company rating was maintained by Barrington Research. Wedbush maintained Stericycle Inc (NASDAQ:SRCL) rating on Thursday, September 22. Wedbush has “Neutral” rating and $85 price target. The stock of Stericycle Inc (NASDAQ:SRCL) earned “Sell” rating by Goldman Sachs on Thursday, November 3.
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 2016 Q2. Its down 0.14, from 1.05 in 2016Q1. The ratio dived, 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.
Co Fincl Bank last reported 0.04% of its portfolio in the stock. Livforsakringsbolaget Skandia Omsesidigt owns 6,149 shares or 0.03% of their US portfolio. Teton Inc accumulated 19,604 shares or 0.18% of the stock. State Treasurer State Of Michigan holds 0.02% of its portfolio in Stericycle Inc (NASDAQ:SRCL) for 29,457 shares. Glob X Mgmt Limited Liability accumulated 536 shares or 0% of the stock. Noesis Cap Mangement Corp, a Florida-based fund reported 61,800 shares. Lenox Wealth Mngmt, a Ohio-based fund reported 1,362 shares. Scotia Capital Incorporated last reported 0.01% of its portfolio in the stock. The Japan-based Sumitomo Mitsui Inc has invested 0.04% in Stericycle Inc (NASDAQ:SRCL). Suntrust Banks owns 3,176 shares or 0% of their US portfolio. Markel Corp has 7,000 shares for 0.02% of their US portfolio. Fiduciary, a Massachusetts-based fund reported 151,312 shares. Ubs Asset Mgmt Americas last reported 0.02% of its portfolio in the stock. Argent Tru owns 3,983 shares or 0.18% of their US portfolio. Papp L Roy & Assocs owns 31,664 shares or 0.78% of their US portfolio.
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 sold $3.64M worth of stock or 34,835 shares. 1,398 shares with value of $114,431 were sold by Schetz John P on Wednesday, September 14. Dammeyer Rodney F had sold 10,188 shares worth $871,085 on Wednesday, August 17.
Another recent and important Stericycle Inc (NASDAQ:SRCL) news was published by Fool.com which published an article titled: “Share Repurchases Help Stericycle Inc Clean Up Q3” on October 28, 2016.
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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