Needham Believes Clean Harbors (CLH) Won’t Stop Here


Needham analyst Sean Hannan reiterated a Buy rating on Clean Harbors (NYSE: CLH) yesterday and set a price target of $74. The company’s shares opened today at $64.11, close to its 52-week high of $64.71.

According to TipRanks.com, Hannan is a 5-star analyst with an average return of 15.6% and a 60.8% success rate. Hannan covers the Consumer Goods sector, focusing on stocks such as Park Electrochemical, Sanmina-Sci Corp, and TTM Technologies.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Clean Harbors with a $69.20 average price target, a 7.9% upside from current levels. In a report released yesterday, Canaccord Genuity also maintained a Buy rating on the stock with a $70 price target.

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Clean Harbors’ market cap is currently $3.57B and has a P/E ratio of 33.05. The company has a Price to Book ratio of 3.12.

Based on the recent corporate insider activity of 101 insiders, corporate insider sentiment is negative on the stock.

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Clean Harbors, Inc. engages in the provision of environmental, energy, and industrial services. It operates through the following segments: Technical Services; Industrial and Field Services; Safety-Kleen; and Oil and Gas Field Services.

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