Stericycle (NASDAQ:SRCL) Sets New 52-Week High – Here’s Why

Stericycle, Inc. (NASDAQ:SRCL) reached a new 52-week high during trading on Friday . The stock traded as high as $61.97 and last traded at $61.97, with a volume of 443940 shares traded. The stock had previously closed at $61.47.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Stericycle in a research note on Sunday, October 27th. They set a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Stericycle currently has an average rating of “Hold” and a consensus target price of $74.00.

Stericycle Price Performance

The stock has a 50-day moving average of $60.76 and a two-hundred day moving average of $56.62. The firm has a market cap of $5.75 billion, a price-to-earnings ratio of 161.76, a price-to-earnings-growth ratio of 3.36 and a beta of 1.11. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.55.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Retirement Systems of Alabama lifted its position in Stericycle by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 116,185 shares of the business services provider’s stock worth $6,129,000 after buying an additional 305 shares in the last quarter. Mirova raised its holdings in shares of Stericycle by 0.9% during the first quarter. Mirova now owns 47,345 shares of the business services provider’s stock worth $2,497,000 after acquiring an additional 428 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Stericycle by 6.4% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 7,447 shares of the business services provider’s stock valued at $433,000 after purchasing an additional 449 shares during the last quarter. Clearstead Trust LLC purchased a new position in Stericycle in the first quarter valued at about $25,000. Finally, Arizona State Retirement System increased its position in Stericycle by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 25,915 shares of the business services provider’s stock worth $1,506,000 after purchasing an additional 487 shares during the last quarter. 98.82% of the stock is owned by institutional investors and hedge funds.

Stericycle Company Profile

Stericycle, Inc, together with its subsidiaries, provides regulated waste and compliance services in the United States, Europe, and internationally. The company offers regulated waste and compliance services, including regulated medical waste, sharps waste management and disposal, pharmaceutical waste management and disposal, chemotherapy waste and disposal, controlled substance waste disposal, healthcare hazardous waste, and integrated waste stream solutions; specialty services, such as MedDrop medication collection kiosks, safe community solutions, SafeDrop sharps mailback solutions, and airport and maritime waste services; medical supply store services, that includes sharps and disposable biohazardous waste containers, infection control supplies, and seal&send medication mail back; and compliance solutions including Steri-Safe compliance solutions.