Harsco Corporation (HSC) is Initiated by Lake Street to Buy, Price Target at $17

Harsco Corporation (HSC) was Initiated by Lake Street to “Buy” and the brokerage firm has set the Price Target at $17. Lake Street advised their investors in a research report released on Sep 13, 2016.

On the company’s financial health, Harsco Corporation reported $0.15 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.13. The company had revenue of $370.00 million for the quarter, compared to analysts expectations of $384.45 million. The company’s revenue was down -18.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.08 EPS.

Harsco Corporation opened for trading at $9.14 and hit $9.54 on the upside on Monday, eventually ending the session at $9.52, with a gain of 1.71% or 0.16 points. The heightened volatility saw the trading volume jump to 793,782 shares. Company has a market cap of $763 M.

In a different news, on Mar 3, 2016, Peter Francis Minan (CFO) purchased 10,000 shares at $3.66 per share price. According to the SEC, on Mar 2, 2016, F Nicholas Iii Grasberger (CEO) purchased 50,000 shares at $3.86 per share price. On Dec 4, 2015, Scott H Gerson (SVP&Group Pres.Industrial) sold 3,950 shares at $9.87 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s 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.

Harsco Corporation

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