What Next for Clean Harbors, Inc. (CLH) After Forming Bearish Double Bottom Pattern?

February 15, 2018 - By Ellis Scott

Investors sentiment decreased to 1.01 in Q3 2017. Its down 0.21, from 1.22 in 2017Q2. It dived, as 18 investors sold Clean Harbors, Inc. shares while 75 reduced holdings. 32 funds opened positions while 62 raised stakes. 52.13 million shares or 1.97% less from 53.18 million shares in 2017Q2 were reported.
State Board Of Administration Of Florida Retirement Systems invested in 0.01% or 77,288 shares. Jpmorgan Chase And holds 110,258 shares or 0% of its portfolio. Snyder Mngmt Lp, California-based fund reported 1.17M shares. Moreover, State Street has 0.01% invested in Clean Harbors, Inc. (NYSE:CLH) for 1.39 million shares. 20,437 were accumulated by Colonial Advsrs. Amalgamated Retail Bank holds 10,288 shares. Quantitative Systematic Strategies holds 4,966 shares or 0.07% of its portfolio. Bb&T accumulated 164,758 shares. 645,085 were reported by Neuberger Berman Grp Inc Limited Liability Corp. Kbc Group Nv reported 0% stake. 4,520 are owned by Atria Invs Lc. Barrow Hanley Mewhinney & Strauss Ltd Liability invested 0% in Clean Harbors, Inc. (NYSE:CLH). Yhb Inv Advsrs accumulated 25,825 shares. Loomis Sayles Com Ltd Partnership accumulated 173,250 shares or 0.02% of the stock. Bnp Paribas Arbitrage holds 18,169 shares or 0% of its portfolio.

Since August 24, 2017, it had 0 buys, and 3 sales for $313,845 activity. On Friday, September 8 Dugas Eric J. sold $51,007 worth of Clean Harbors, Inc. (NYSE:CLH) or 933 shares. Weber Brian P had sold 490 shares worth $27,528.

The chart of Clean Harbors, Inc. (CLH) shows a double bottom with $46.98 target or 9.00 % below today’s $51.63 share price. The 6 months chart pattern indicates high risk for the $2.94 billion company. It was reported on Feb, 15 by Finviz.com. If the $46.98 price target is reached, the company will be worth $264.51 million less. Double bottoms are rare but powerful chart patterns.

The stock decreased 0.14% or $0.07 during the last trading session, reaching $51.63. About 88,663 shares traded. Clean Harbors, Inc. (NYSE:CLH) has risen 18.53% since February 15, 2017 and is uptrending. It has outperformed by 1.83% the S&P500.

Analysts await Clean Harbors, Inc. (NYSE:CLH) to report earnings on February, 28. They expect $0.06 EPS, up 200.00 % or $0.12 from last year’s $-0.06 per share. CLH’s profit will be $3.42 million for 215.13 P/E if the $0.06 EPS becomes a reality. After $0.21 actual EPS reported by Clean Harbors, Inc. for the previous quarter, Wall Street now forecasts -71.43 % negative EPS growth.

Clean Harbors, Inc. (NYSE:CLH) Ratings Coverage

Among 14 analysts covering Clean Harbors Inc. (NYSE:CLH), 6 have Buy rating, 0 Sell and 8 Hold. Therefore 43% are positive. Clean Harbors Inc. had 39 analyst reports since July 27, 2015 according to SRatingsIntel. The stock of Clean Harbors, Inc. (NYSE:CLH) earned “Buy” rating by Needham on Thursday, February 23. The stock of Clean Harbors, Inc. (NYSE:CLH) has “Hold” rating given on Thursday, September 7 by Robert W. Baird. Imperial Capital maintained it with “Outperform” rating and $57.50 target in Thursday, November 5 report. As per Monday, July 27, the company rating was downgraded by Raymond James. The stock of Clean Harbors, Inc. (NYSE:CLH) has “Overweight” rating given on Tuesday, January 31 by KeyBanc Capital Markets. The firm earned “Outperform” rating on Thursday, November 2 by Oppenheimer. The firm earned “Buy” rating on Thursday, January 4 by Stifel Nicolaus. The stock of Clean Harbors, Inc. (NYSE:CLH) earned “Equal Weight” rating by Barclays Capital on Monday, November 7. Stifel Nicolaus maintained the stock with “Buy” rating in Monday, August 28 report. The stock of Clean Harbors, Inc. (NYSE:CLH) has “Underperform” rating given on Tuesday, January 26 by Raymond James.

More notable recent Clean Harbors, Inc. (NYSE:CLH) news were published by: Seekingalpha.com which released: “Clean Harbors (CLH) Q3 2017 Results – Earnings Call Transcript” on November 01, 2017, also Barrons.com with their article: “Clean Harbors Gets Docked” published on August 04, 2017, Businesswire.com published: “Clean Harbors Signs Definitive Agreement to Acquire Lonestar West Inc.” on May 11, 2017. More interesting news about Clean Harbors, Inc. (NYSE:CLH) were released by: Nasdaq.com and their article: “Clean Harbors (CLH) Remains Focused on Improving Efficiency” published on January 02, 2018 as well as Businesswire.com‘s news article titled: “Clean Harbors Completes Acquisition of Lonestar West Inc.” with publication date: July 17, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter: