What Made Barrington Downgrade Stericycle’s Stock?


In a report released today, Kevin Steinke from Barrington downgraded Stericycle (SRCL) to Hold. The company’s shares closed last Monday at $61.22.

According to TipRanks.com, Steinke is a 1-star analyst with an average return of -1.1% and a 43.1% success rate. Steinke covers the Services sector, focusing on stocks such as Cross Country Healthcare, Heritage-Crystal Clean, and Echo Global Logistics.

Stericycle has an analyst consensus of Hold, with a price target consensus of $60.00.

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The company has a one-year high of $67.94 and a one-year low of $38.45. Currently, Stericycle has an average volume of 508.6K.

Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SRCL 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.

Stericycle, Inc. engages in the provision of waste management services. It operates through the following segments: Domestic and Canada Regulated Waste and Compliance Services (RCS); International RCS; and Domestic CRS. The Domestic and Canada RCS segment manages medical and pharmaceutical waste disposal, hazardous wastes, and unused and expired inventory. The International RCS segment includes patient transport services. The Domestic Communication and Related Services segment consists of inbound/outbound communication, automated patient reminders, online scheduling, notifications, product retrievals, product returns, and quality audits. The company was founded in March 1989 and is headquartered in Lake Forest, IL.

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