Clean Harbors Inc (CLH) is Initiated by Macquarie to Neutral, Price Target at $51

Clean Harbors Inc (CLH) was Initiated by Macquarie to “Neutral” and the brokerage firm has set the Price Target at $51. Macquarie advised their investors in a research report released on Aug 26, 2016.

Many Wall Street Analysts have commented on Clean Harbors Inc. Company shares were Reiterated by Imperial Capital on Aug 4, 2016 to “Outperform”, Firm has raised the Price Target to $ 57 from a previous price target of $55 .Company shares were Reiterated by Needham on Jun 22, 2016 to “Buy”, Firm has raised the Price Target to $ 59 from a previous price target of $51 .

On the company’s financial health, Clean Harbors Inc reported $0.15 EPS for the quarter, missing the analyst consensus estimate by $ -0.08 based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus of $0.23. The company had revenue of $697.50 million for the quarter, compared to analysts expectations of $729.59 million. The company’s revenue was down -25.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.72 EPS.

Clean Harbors Inc opened for trading at $48.98 and hit $49.11 on the upside on Tuesday, eventually ending the session at $48.82, with a gain of 0.10% or 0.05 points. The heightened volatility saw the trading volume jump to 2,32,967 shares. Company has a market cap of $2,807 M.

In a different news, on Aug 8, 2016, James M Rutledge (Vice Chmn, Pres.) sold 16,000 shares at $50.74 per share price. According to the SEC, on Aug 8, 2016, Andrea Robertson (director) sold 3,608 shares at $50.82 per share price. On Jun 29, 2016, Brian P Weber (EVP (CHESI) sold 920 shares at $50.22 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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