Clean Harbors Inc (CLH) is Reiterated by Imperial Capital to Outperform, Raises Price Target to $ 57

Clean Harbors Inc (CLH) was Reiterated by Imperial Capital to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 57 from a previous price target of $55 . Imperial Capital advised their investors in a research report released on Aug 4, 2016.

Many Wall Street Analysts have commented on Clean Harbors Inc. 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 .Barclays Initiated Clean Harbors Inc on May 18, 2016 to “Overweight”, Price Target of the shares are set at $58.

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 closed down -0.25 points or -0.49% at $51.23 with 4,68,796 shares getting traded on Tusday. Post opening the session at $51.33, the shares hit an intraday low of $50.8 and an intraday high of $51.6 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on Jun 29, 2016, Brian P Weber (EVP (CHESI) sold 920 shares at $50.22 per share price. According to the SEC, on Jun 8, 2016, Daniel James Mccarthy (director) sold 3,643 shares at $53.22 per share price. On May 10, 2016, Mark G. Bouldin (EVP/SK) sold 367 shares at $47.50 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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