In a report released today, Christopher Howe from Barrington maintained a Buy rating on Harsco (HSC – Research Report), with a price target of $13.00. The company’s shares closed last Friday at $4.91, close to its 52-week low of $4.36.
According to TipRanks.com, Howe is a 4-star analyst with an average return of 8.4% and a 40.8% success rate. Howe covers the Industrial Goods sector, focusing on stocks such as Commercial Vehicle Group, Standex International, and Helios Technologies.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Harsco with a $10.00 average price target.
Based on Harsco’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $453 million and GAAP net loss of $39.84 million. In comparison, last year the company earned revenue of $447 million and had a net profit of $135K.
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Harsco Corp. engages in the provision of industrial services and engineered products. It operates through the following business segments: Harsco Environmental, Harsco Clean Earth, and Harsco Rail. The Harsco Environmental provides environmental services and material processing to the global steel and metals industries. The Harsco Clean Earth segment provides processing and beneficial reuse solutions for hazardous wastes, contaminated materials, and dredged volumes. The Harsco Rail segment provides equipment, after-market parts and services for the maintenance, repair and construction of railway track. The company was founded in 1853 and is headquartered in Camp Hill, PA.
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