Heritage-Crystal Clean (HCCI) Receives a Buy from Barrington


Barrington analyst Kevin Steinke reiterated a Buy rating on Heritage-Crystal Clean (NASDAQ: HCCI) today and set a price target of $26. The company’s shares opened today at $22.20.

Steinke noted:

“We expect ES growth to moderate to the high-single digits in 2019 as the business moves past the large field services project and acquisition benefit. That said, the company will continue to pursue field services work and acquisitions that could benefit growth. ES is currently implementing price increases to offset inflationary pressures, which are expected to help improve ES margin to roughly 27% in 2019. OB growth in 2019 should benefit from higher base oil production, supported by recent enhancements to the re-refinery, as well as a favorable base oil pricing environment; factors that we believe can sustain a low-double digit OB margin next year. Q4/18 results will be impacted by an extended re-refinery shutdown that enabled enhancements, which will yield near-term benefits.”

According to TipRanks.com, Steinke is a 1-star analyst with an average return of -2.7% and a 34.9% success rate. Steinke covers the Services sector, focusing on stocks such as Cross Country Healthcare, Echo Global Logistics, and Heidrick & Struggles.

Heritage-Crystal Clean has an analyst consensus of Strong Buy, with a price target consensus of $28.50, which is a 28.4% upside from current levels. In a report issued on October 19, Robert W. Baird also maintained a Buy rating on the stock with a $34 price target.

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Heritage-Crystal Clean’s market cap is currently $511.5M and has a P/E ratio of 21.54. The company has a Price to Book ratio of 2.05.

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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.

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