Favorable News Coverage Somewhat Unlikely to Affect Clean Harbors (CLH) Stock Price
Headlines about Clean Harbors (NYSE:CLH) have trended positive on Wednesday, according to Accern Sentiment. The research firm identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Clean Harbors earned a daily sentiment score of 0.25 on Accern’s scale. Accern also assigned headlines about the business services provider an impact score of 45.6812828584953 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news headlines that may have effected Accern’s scoring:
- Clean Harbors (CLH) Now Covered by UBS Group (americanbankingnews.com)
- Clean Harbors Inc (CLH) Expected to Announce Quarterly Sales of $726.34 Million (americanbankingnews.com)
- Free Research Report as Republic’s Quarterly Revenue Grew 7.6%; Adjusted EPS Advanced 7% (finance.yahoo.com)
- Insider Selling: Clean Harbors Inc (CLH) Director Sells 5,000 Shares of Stock (americanbankingnews.com)
- Zacks.com featured highlights include: Live Nation, Clean Harbors, Covanta, PTC and Archrock (finance.yahoo.com)
CLH has been the subject of a number of recent research reports. Zacks Investment Research lowered Clean Harbors from a “hold” rating to a “sell” rating in a research note on Monday, March 5th. Robert W. Baird restated a “hold” rating and set a $57.00 price target on shares of Clean Harbors in a report on Thursday, March 1st. Canaccord Genuity restated a “hold” rating and set a $57.00 price target on shares of Clean Harbors in a report on Thursday, January 18th. BMO Capital Markets restated an “outperform” rating and set a $60.00 price target (down previously from $61.00) on shares of Clean Harbors in a report on Thursday, March 1st. Finally, UBS Group downgraded Clean Harbors from an “outperform” rating to a “market perform” rating in a report on Thursday, March 1st. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $59.89.
Clean Harbors (NYSE:CLH) last released its quarterly earnings data on Wednesday, February 28th. The business services provider reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.13). The business had revenue of $747.40 million during the quarter, compared to the consensus estimate of $720.50 million. Clean Harbors had a net margin of 3.42% and a return on equity of 1.36%. The business’s revenue was up 8.0% compared to the same quarter last year. During the same period last year, the company posted ($0.06) earnings per share. research analysts predict that Clean Harbors will post 0.71 earnings per share for the current fiscal year.
In other news, EVP Mark G. Bouldin sold 703 shares of the company’s stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $47.62, for a total value of $33,476.86. Following the completion of the sale, the executive vice president now directly owns 17,744 shares in the company, valued at approximately $844,969.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John T. Preston sold 5,000 shares of the company’s stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $50.93, for a total value of $254,650.00. Following the completion of the sale, the director now owns 9,427 shares of the company’s stock, valued at $480,117.11. The disclosure for this sale can be found here. Insiders have sold a total of 15,048 shares of company stock worth $781,644 over the last three months. Insiders own 8.90% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “Favorable News Coverage Somewhat Unlikely to Affect Clean Harbors (CLH) Stock Price” was reported by Marea Informative and is owned by of Marea Informative. If you are viewing this piece on another website, it was stolen and reposted in violation of US and international copyright laws. The correct version of this piece can be accessed at https://www.mareainformativa.com/2018/03/14/clean-harbors-clh-getting-positive-media-coverage-accern-reports-updated-updated-updated.html.
Clean Harbors Company Profile
Clean Harbors, Inc is a provider of environmental, energy and industrial services throughout North America. The Company is also a re-refiner and recycler of used oil in the world and a provider of parts cleaning and related environmental services to commercial, industrial and automotive customers in North America.
Receive News & Ratings for Clean Harbors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Clean Harbors and related companies with MarketBeat.com's FREE daily email newsletter.