Stericycle Inc (NASDAQ:SRCL).
Raymond James & Associates reports that it bought 63,495 shares during the last quarter increasing its holdings in Stericycle Inc by 30.4%. Its investment stood at $19,503,000 an increase of 22.4% as of the end of the quarter.
The following firms have recently changed their position in SRCL. As of the end of the quarter Van Strum & Towne Inc. had sold a total of 150 shares trimming its position 0.5%. The value of the investment in (SRCL) decreased from $2,377,000 to $2,220,000 decreasing 6.6% quarter to quarter. Marshall Wace LLP grew its position by buying 30,503 shares an increase of 389.3% in the quarter. Marshall Wace LLP now controls 38,338 shares worth $2,760,000. The total value of its holdings increased 363.9%.
As of quarter end Baird Financial Group, Inc. had disposed of 1,580 shares trimming its stake by 3.0%. The value of the investment in SRCL went from $4,012,000 to $3,652,000 a change of 9.0% quarter over quarter.
Equity analyst BMO Capital Markets lowered the price target on November 10 cutting the projection from $74.00 to $62.00 and issued a “Market Perform” recommendation. November 9 investment analysts at Stifel Nicolaus maintained a company rating of “Buy” projecting a price of $85.00.
Royal Bank Of Canada lowered the price target of the stock on November 9 changing the price objective from $74.00 to $67.00 and stated a “Underperform” rating. On October 17 analysts at Jefferies Group LLC updated its forecast on SRCL and giving a rating of “Buy” and a price target of $108.00.
September 14 investment analysts at William Blair reiterated a “Ourperform” rating on the company. Equity analyst Jefferies Group LLC released research on SRCL stating a rating of “Buy” and establishing a price target of $108.00.
The company is so far trading down from yesterday’s close of 63.54. The most current P/E ratio is N/A and the market cap is 5.39B. In the latest earnings report the EPS was $-0.56 with 85.37M shares currently outstanding.
Investors are feeling more bullish on shares of the company of late as implied by the downtick in short interest. The firm recorded a fall in short interest of -1.90% between September 29, 2017 and October 13, 2017. Short interest fell from 5,414,791 to 5,311,739 over that timeframe. With short interest at 5,311,739 and short average daily volume at 574,173, days to cover is 9.0 and the percentage of shorted shares was 0.06% on October 13.