Equities researchers at StockNews.com recently released a report on Heritage-Crystal Clean (NASDAQ:HCCI), providing their analysis of the industrial products company’s stock. The firm issued a “buy” rating on HCCI shares, indicating that they believe the stock is a worthwhile investment opportunity.
On September 17, 2023, HCCI stock opened at $45.25. With a market capitalization of $1.10 billion, a P/E ratio of 14.14, and a beta of 1.25, the company’s financial position appears stable. Additionally, Heritage-Crystal Clean boasts a current ratio of 1.86 and a quick ratio of 1.42, demonstrating its ability to meet short-term obligations efficiently. Its debt-to-equity ratio stands at 0.19.
Over the past year, HCCI has seen fluctuating stock prices between its low point of $25.70 and its high point of $47.98. Currently, the 50-day moving average price sits at $44.97 while the 200-day moving average price is $38.66.
Heritage-Crystal Clean operates through two segments: Environmental Services and Oil Business. Their subsidiary, Heritage-Crystal Clean LLC, specializes in providing parts cleaning services as well as collecting hazardous and non-hazardous waste and used oil from small to mid-sized customers within the industrial and vehicle maintenance sectors in North America.
In its most recent quarterly earnings report on August 9th, Heritage-Crystal Clean fell short of analysts’ consensus estimates with an EPS (earnings per share) figure of $0.36 instead of the expected $0.55 per share – marking a difference of ($0.19). The company generated revenue amounting to $192.17 million during this quarter while analysts predicted it would reach approximately $195.22 million in revenue.
Despite missing estimates in this particular quarter, Heritage-Crystal Clean maintained a net margin of 9.51% and reported a return on equity of 15.63%. Looking forward, equities research analysts have predicted that the company will post an EPS of 2.46 for the current fiscal year.
Overall, with StockNews.com issuing a “buy” rating on HCCI and considering its expanding market capitalization and stable financial ratios, Heritage-Crystal Clean appears to be an attractive investment option for those interested in the industrial products sector. Investors should conduct thorough research and analyze additional factors before making any investment decisions to ensure alignment with their individual risk tolerance and financial goals.
Heritage-Crystal Clean, Inc
Updated on: 03/12/2023
Debt to equity ratio: Buy
Price to earnings ratio: Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
We did not find social sentiment data for this stock
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Contrasting Views on the Stock of Heritage-Crystal Clean
Heritage-Crystal Clean (HCCI) has recently been the center of attention in various research reports. These reports provide insights into the company’s performance, as well as recommendations on its stock. One research report by Robert W. Baird downgraded HCCI from an “outperform” to a “neutral” rating on August 24th, leaving investors perplexed about the reasons behind this shift.
Another report by Needham & Company LLC reiterated a “hold” rating on HCCI shares in July, further adding to the uncertainty surrounding the stock’s potential. Barrington Research also downgraded HCCI from an “outperform” to a “market perform” rating and reduced its price objective for the stock in July, causing investors even more confusion.
Roth Capital followed suit in August, downgrading HCCI from a “buy” rating to a “neutral” rating. However, it is worth mentioning that Roth Mkm reaffirmed a “buy” rating on HCCI and set a price objective of $45.50 per share, offering some contrast to the mixed sentiment portrayed by other analysts.
The conflicting recommendations have left investors puzzled about whether to buy or sell shares of Heritage-Crystal Clean. With four hold ratings and four buy ratings assigned to the company, there seems to be no consensus among analysts regarding its future prospects.
In addition to these research reports, hedge funds have also been actively buying and selling HCCI shares. Dorsey Wright & Associates acquired a stake in Heritage-Crystal Clean earlier this year, while Citigroup Inc. increased its position in the company by 59% during the first quarter.
Advisor Group Holdings Inc. experienced substantial growth of over 1,600% in its position in Heritage-Crystal Clean during the fourth quarter, demonstrating its confidence in the company’s potential. Similarly, West Tower Group LLC decided to invest in HCCI during the second quarter.
Tower Research Capital LLC TRC also scaled its position in Heritage-Crystal Clean by over 300% during the same period. These moves by institutional investors and hedge funds indicate their belief in the long-term success of the company.
While the research reports provide a mixed perspective on HCCI, these recent activities from hedge funds and institutional investors bring some bustiness to the situation. It remains to be seen how investors will interpret these contrasting evaluations and whether they will influence their decision-making process.
As of now, Bloomberg.com states that HCCI has a consensus rating of “Moderate Buy” with a target price of $44.29. This gives investors some indication of where analysts see the stock’s value in the near future. However, caution should be exercised when making investment choices based solely on such ratings and target prices.
In conclusion, Heritage-Crystal Clean finds itself in a perplexing situation as research reports offer conflicting recommendations on its stock. The varying opinions have left investors unsure about the company’s outlook. Nevertheless, recent activities from hedge funds and institutional investors suggest a degree of optimism surrounding HCCI’s future prospects. Investors should carefully consider all available information before making any investment decisions regarding this stock.