Harsco Corporation (HSC) : Analyst Rating Update

Harsco Corporation (HSC) : 2 brokerage houses believe that Harsco Corporation (HSC) is a Strong Buy at current levels. Zacks Investment Research suggests a Strong Buy with a rank of 1.The median of all the 2 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.

Harsco Corporation (HSC) : 2 Wall Street analysts covering Harsco Corporation (HSC) believe that the average level the stock could reach for the short term is $9.5. The maximum price target given is $10 and the minimum target for short term is around $9, hence the standard deviation is calculated at $0.71.

Harsco Corporation (NYSE:HSC): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $6.68 and $6.55 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $6.91. The buying momentum continued till the end and the stock did not give up its gains. It closed at $6.83, notching a gain of 1.19% for the day. The total traded volume was 642,477 . The stock had closed at $6.75 on the previous day.

The company shares have dropped -59.36% from its 1 Year high price. On Jul 9, 2015, the shares registered one year high at $17.00 and the one year low was seen on Mar 2, 2016. The 50-Day Moving Average price is $6.55 and the 200 Day Moving Average price is recorded at $6.28.

Harsco Corporation is a provider of industrial services and engineered products serving global industries. The Company operates in three segments: Harsco Metals & Minerals, Harsco Industrial and Harsco Rail. Harsco Metals & Minerals segment is a provider of on-site, outsourced services to the global metals industries. Harsco Industrial segment includes the Harsco Industrial IKG, Harsco Industrial Air-X-Changers and Harsco Industrial Patterson-Kelley businesses. Harsco Rail segment is a provider of equipment and services for the maintenance, repair and construction of railway track. The Companys 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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