BidaskClub upgraded shares of Heritage-Crystal Clean (NASDAQ:HCCI) from a sell rating to a hold rating in a research report report published on Wednesday, BidAskClub reports.

HCCI has been the subject of several other reports. Barrington Research increased their target price on Lions Gate Entertainment to $18.00 and gave the company an outperform rating in a report on Wednesday, May 29th. Zacks Investment Research cut Phoenix New Media from a hold rating to a sell rating in a report on Tuesday. Finally, ValuEngine upgraded Vale from a sell rating to a hold rating in a report on Tuesday, July 16th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Heritage-Crystal Clean currently has a consensus rating of Buy and a consensus target price of $28.50.

HCCI stock traded up $0.59 during trading on Wednesday, hitting $28.73. 53,294 shares of the company traded hands, compared to its average volume of 57,849. The firm has a market capitalization of $650.75 million, a price-to-earnings ratio of 38.03, a PEG ratio of 1.76 and a beta of 1.43. Heritage-Crystal Clean has a 1 year low of $19.01 and a 1 year high of $29.01. The stock has a 50-day moving average of $26.43. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.80 and a quick ratio of 1.39.

Heritage-Crystal Clean (NASDAQ:HCCI) last issued its earnings results on Wednesday, July 24th. The industrial products company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.04. The company had revenue of $105.00 million during the quarter, compared to analysts’ expectations of $107.75 million. Heritage-Crystal Clean had a return on equity of 6.83% and a net margin of 3.13%. As a group, equities analysts predict that Heritage-Crystal Clean will post 1.06 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Legal & General Group Plc raised its position in shares of Heritage-Crystal Clean by 22.7% in the 4th quarter. Legal & General Group Plc now owns 2,744 shares of the industrial products company’s stock worth $63,000 after acquiring an additional 507 shares in the last quarter. Great West Life Assurance Co. Can bought a new position in shares of Heritage-Crystal Clean in the 4th quarter worth approximately $73,000. BNP Paribas Arbitrage SA raised its position in shares of Heritage-Crystal Clean by 476.2% in the 1st quarter. BNP Paribas Arbitrage SA now owns 3,100 shares of the industrial products company’s stock worth $85,000 after acquiring an additional 2,562 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its position in shares of Heritage-Crystal Clean by 421.8% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 5,093 shares of the industrial products company’s stock worth $117,000 after acquiring an additional 4,117 shares in the last quarter. Finally, Meeder Asset Management Inc. raised its position in shares of Heritage-Crystal Clean by 861.5% in the 1st quarter. Meeder Asset Management Inc. now owns 5,125 shares of the industrial products company’s stock worth $140,000 after acquiring an additional 4,592 shares in the last quarter. Institutional investors and hedge funds own 64.45% of the company’s stock.

About Heritage-Crystal Clean

Heritage-Crystal Clean, Inc, through its subsidiary, Heritage-Crystal Clean, LLC, provides parts cleaning, and hazardous and non-hazardous containerized waste services to small and mid-sized customers in the vehicle maintenance and manufacturing services industries in North America. It operates in two segments, Environmental Services and Oil Business.

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Analyst Recommendations for Heritage-Crystal Clean (NASDAQ:HCCI)

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