US Ecology Inc (ECOL) was Downgraded by Barclays to ” Underweight” while Lowering the Price Target of the company shares to $ 40 from a previous price target of $48 . Earlier the firm had a rating of “Equal Weight ” on the company shares. Barclays advised their investors in a research report released on Aug 9, 2016.
Many Wall Street Analysts have commented on US Ecology Inc. Barclays Initiated US Ecology Inc on May 18, 2016 to “Equal Weight”, Price Target of the shares are set at $48.
On the company’s financial health, US Ecology Inc reported $0.41 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus of $0.42. The company had revenue of $122.30 million for the quarter, compared to analysts expectations of $122.54 million. The company’s revenue was down -12.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.40 EPS.
US Ecology Inc closed down -0.14 points or -0.30% at $45.82 with 50,458 shares getting traded on Monday. Post opening the session at $45.8, the shares hit an intraday low of $45.47 and an intraday high of $46.14 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Jan 20, 2016, Stephen A Romano (director) sold 4,000 shares at $48.93 per share price. According to the SEC, on Aug 19, 2015, Simon G Bell (EVP Operations) sold 1,726 shares at $52.36 per share price. On Aug 18, 2015, Steven D Welling (EVP Sales and Mkt.) sold 7,522 shares at $52.07 per share price, according to the Form-4 filing with the securities and exchange commission.
US Ecology Inc. (US Ecology) is a North American provider of environmental services to commercial and government entities. The Company operates in two business segments: Environmental Services and Field & Industrial Services. The Environmental Services segment includes all of the legacy US Ecology operations and the legacy EQ treatment and disposal facilities. It provides a range of hazardous material management services including transportation recycling treatment and disposal of hazardous and non-hazardous waste at Company-owned landfill wastewater and other treatment facilities. The Field & Industrial Services segment includes all of the field and industrial service business of the legacy EQ operation. It provides packaging and collection of hazardous waste and total waste management solutions at customer sites and through its 10-day transfer facilities.