In a report released today, Kevin Steinke from Barrington maintained a Buy rating on Heritage-Crystal Clean (HCCI), with a price target of $27. The company’s shares closed yesterday at $23.82.
Steinke wrote:
“We are increasing our 12-month price target to $27 (from $26), which assumes an EV/NTM EBITDA multiple of 10x in one year. The stock’s current EV/NTM EBITDA multiple is 9.9x (based on our estimates). Opinion OUTPERFORM (12 mo) $27 13% LT EPS Cap (mil) $558 Enterprise Value (mil) $543 Shares Outstanding (mil) 23.4 Volume 82,339 Financial / Valuation Adjusted ROE (LTM) 6.5% Debt/Capital 10.3% EV/EBITDA (LTM) 12.4x Price/Sales (LTM) 1.4x Kevin M. Steinke, CFA (312) 634-6392 FactSet Research Systems Revenue ($ mil)(est. in Adjusted EPS ($)(est.”
According to TipRanks.com, Steinke is a 1-star analyst with an average return of -3.5% and a 43.0% success rate. Steinke covers the Services sector, focusing on stocks such as Cross Country Healthcare, Echo Global Logistics, and Heidrick & Struggles.
Currently, the analyst consensus on Heritage-Crystal Clean is a Moderate Buy with an average price target of $26.
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The company has a one-year high of $28.71 and a one-year low of $18. Currently, Heritage-Crystal Clean has an average volume of 81.76K.
Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of HCCI in relation to earlier this year.
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Heritage-Crystal Clean, Inc. engages in the provision of parts cleaning and waste management services to the manufacturing and vehicle service sectors. It operates through the Environmental Services and Oil Business segments.
