Harsco (HSC) Initiated with a Buy at Barrington


Barrington analyst Christopher Howe initiated coverage with a Buy rating on Harsco (HSC) today and set a price target of $15.00. The company’s shares closed last Thursday at $11.41.

According to TipRanks.com, Howe is a 5-star analyst with an average return of 18.5% and a 55.6% success rate. Howe covers the Industrial Goods sector, focusing on stocks such as Commercial Vehicle Group, Columbus Mckinnon, and Koppers Holdings.

Currently, the analyst consensus on Harsco is a Moderate Buy with an average price target of $15.00.

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Harsco’s market cap is currently $904M and has a P/E ratio of 1.80. The company has a Price to Book ratio of -2.67.

Based on the recent corporate insider activity of 37 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 HSC in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Harsco Corp. engages in the provision of industrial services and engineered products. It operates through the following business segments: Harsco Environmental, Harsco Clean Earth, and Harsco Rail. The Harsco Environmental provides environmental services and material processing to the global steel and metals industries. The Harsco Clean Earth segment provides processing and beneficial reuse solutions for hazardous wastes, contaminated materials, and dredged volumes. The Harsco Rail segment provides equipment, after-market parts and services for the maintenance, repair and construction of railway track. The company was founded in 1853 and is headquartered in Camp Hill, PA.

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