Today’s Stock Alert: After Today’s Big Increase, Is Harsco Corporation’s Near-Term Analysis Positive?

Today's Stock Alert: After Today's Big Increase, Is Harsco Corporation's Near Term Analysis Positive?

The stock of Harsco Corporation (NYSE:HSC) is a huge mover today! The stock increased 4.58% or $0.6 on November 23, hitting $13.7. About 635,637 shares traded hands or 5.38% up from the average. Harsco Corporation (NYSE:HSC) has risen 84.89% since April 22, 2016 and is uptrending. It has outperformed by 79.48% the S&P500.
The move comes after 5 months positive chart setup for the $1.14 billion company. It was reported on Nov, 24 by Barchart.com. We have $14.66 PT which if reached, will make NYSE:HSC worth $79.80 million more.

Analysts await Harsco Corporation (NYSE:HSC) to report earnings on February, 24. They expect $0.09 earnings per share, down 18.18% or $0.02 from last year’s $0.11 per share. HSC’s profit will be $7.49 million for 38.06 P/E if the $0.09 EPS becomes a reality. After $0.14 actual earnings per share reported by Harsco Corporation for the previous quarter, Wall Street now forecasts -35.71% 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. KeyBanc Capital Markets upgraded Harsco Corporation (NYSE:HSC) on Monday, August 17 to “Overweight” rating. The stock of Harsco Corporation (NYSE:HSC) has “Buy” rating given on Tuesday, September 13 by Lake Street. The stock of Harsco Corporation (NYSE:HSC) has “Overweight” rating given on Wednesday, October 7 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 0.92 in 2016 Q2. Its down 0.20, from 1.12 in 2016Q1. The ratio is negative, 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.
Suntrust Banks Inc has 21,248 shares for 0% of their US portfolio. Blackrock Advsrs Ltd Liability holds 0% of its portfolio in Harsco Corporation (NYSE:HSC) for 38,870 shares. Hbk Invs L P holds 146,100 shares or 0.01% of its portfolio. Nj State Employees Deferred Compensation Plan, a New Jersey-based fund reported 15,000 shares. The Ohio-based Strs Ohio has invested 0% in Harsco Corporation (NYSE:HSC). Los Angeles Cap Management Equity Rech last reported 0.02% of its portfolio in the stock. Envestnet Asset owns 3,321 shares or 0% of their US portfolio. Public Sector Pension Invest Board accumulated 0% or 55,200 shares. Adirondack Trust holds 0% of its portfolio in Harsco Corporation (NYSE:HSC) for 1,000 shares. Aqr Capital Ltd Liability Com last reported 97,031 shares in the company. Moreover, Lapides Asset Ltd Co has 3% invested in Harsco Corporation (NYSE:HSC) for 2.45M shares. Employees Retirement Association Of Colorado holds 0% or 19,417 shares in its portfolio. Ls Invest Limited Company has invested 0% of its portfolio in Harsco Corporation (NYSE:HSC). Cubist Systematic Strategies Ltd holds 0.01% or 27,605 shares in its portfolio. State Teachers Retirement Sys holds 0% or 175,626 shares in its portfolio.

More recent Harsco Corporation (NYSE:HSC) news were published by: Fool.com which released: “Preliminary Results Send Harsco Corporation’s Stock Soaring” on July 14, 2016. Also Fool.com published the news titled: “Here’s Why Harsco Corporation’s Stock is Getting Hammered Today” on February 26, 2016. Businesswire.com‘s news article titled: “Fitch Rates Harsco Corporation’s New Credit Facilities ‘BB+/RR1′” with publication date: October 21, 2016 was also an interesting one.

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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