[EDGAR] Clean Harbors Inc (NYSE:CLH)(TREND ANALYSIS) In addition to historical information, this Quarterly Report on Form 10-Q contains forward-looking statements, which are generally identifiable by use of the words “believes,” “expects,” “intends,” “anticipates,” “plans to,” “estimates,” “projects,” or similar expressions. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those reflected in these forward-looking statements. Factors that might cause such a difference include, but are not limited to, those discussed under Item 1A, “Risk Factors,” in our Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 3, 2014, under Item 1A, “Risk Factors,” included in Part II-Other Information in this report, and in other documents we file from time to time with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management’s opinions only as of the date hereof.
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CLH reported last quarter earnings on May 06. The Hazardous Waste Disposal company announced earnings per share of $-0.08 against a consensus Street estimate of $0, missing estimate by $0.08. This corresponds to a decrease of $0.56 compared to the same quarter of the previous fiscal year.
Clean Harbors Inc (NYSE:CLH) is currently trading 13.47% below its 52-week-high, 31.71% above its 52-week-low. The 1-year range for the stock is $43.05 – $65.53. Clean Harbors Inc (CLH) has a price to book ratio of 2.83 versus Industrial Goods sector average of 2.53. CLH stock price has outperformed the S&P 500 by 13.3%. The Hazardous Waste Disposal company is currently valued at $3.33 billion and its share price closed the last trading session at $56.7. The stock has a 50-day moving average of $56.02 and a 200-day moving average of $51.67.
Clean Harbors Inc (CLH) current short interest stands at 5.01 million shares. It has decreased by 9% from the same period of last month. Around 10% of the company’s shares, which are float, are short sold. With a 10-days average volume of 0.5 million shares, the number of days required to cover the short positions stand at 10.2 days.
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There are currently twelve analysts that cover CLH stock. Of those twelve, five have a Buy rating, seven have a Hold rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $61.
A recent analyst activity consisted of Imperial Capital upgrading their In-line rating to Outperform on March 6. On the date of report, the stock closed at $57.02.
Stifel Nicolaus reiterated their Buy stance on February 26, and increased their price target on CLH stock from $62 to $70. This corresponds to a 23.46% upside from the last closing price. On the date of report, the stock closed at $56.96.
Clean Harbors, Inc. provides a variety of environmental remediation and industrial waste management services to customers in the United States and Puerto Rico. The Company’s services include treatment and disposal of hazardous and non-hazardous solid and liquid waste, surface remediation, groundwater restoration, waste packaging, as well as analytical testing and consulting.