Clean Harbors Inc (CLH) is Reiterated by Needham to Buy, Raises Price Target to $ 59

Clean Harbors Inc (CLH) was Reiterated by Needham to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 59 from a previous price target of $51 . Needham advised their investors in a research report released on Jun 22, 2016.

Many Wall Street Analysts have commented on Clean Harbors Inc. Barclays Initiated Clean Harbors Inc on May 18, 2016 to “Overweight”, Price Target of the shares are set at $58.Company shares were Reiterated by Imperial Capital on May 5, 2016 to “Outperform”, Firm has raised the Price Target to $ 55 from a previous price target of $53 .

On the company’s financial health, Clean Harbors Inc reported $-0.22 EPS for the quarter, based on the information available during the earnings call on May 4, 2016. Analyst had a consensus estimate of $-0.22. The company had revenue of $636.10 million for the quarter, compared to analysts expectations of $659.17 million. The company’s revenue was down -13.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.12 EPS.

Clean Harbors Inc opened for trading at $51.97 and hit $52.18 on the upside on Monday, eventually ending the session at $51.86, with a gain of 0.99% or 0.51 points. The heightened volatility saw the trading volume jump to 3,63,491 shares. Company has a market cap of $2,985 M.

In a different news, on Jun 8, 2016, Daniel James Mccarthy (director) sold 3,643 shares at $53.22 per share price. According to the SEC, on May 10, 2016, Mark G. Bouldin (EVP/SK) sold 367 shares at $47.50 per share price. On Mar 29, 2016, Michael J Twohig (EVP (CHESI) sold 2,000 shares at $48.50 per share price, according to the Form-4 filing with the securities and exchange commission.

Clean Harbors Inc. is a provider of environmental energy and industrial services throughout North America. The Company operates in six segments: Technical Services which provides a range of hazardous material management services; Industrial and Field Services which provides industrial and specialty services such as high-pressure and chemical cleaning catalyst handling decoking; Oil Re-refining and Recycling which processes used oil into base and blended lubricating oils; SK Environmental Services which consists of Safety-Kleen’s branches and provides a range of environmental services; Lodging Services which provides lodges and remote workforce accommodation facilities and Oil and Gas Field Services which provides fluid handling fluid hauling production servicing surface rentals seismic services. The Company has a network of over 400 service locations across 48 states eight Canadian provinces Puerto Rico Mexico and Trinidad.

Clean Harbors Inc

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