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Needham Keeps Their Buy Rating on Clean Harbors (CLH)

In a report released today, James Ricchiuti from Needham reiterated a Buy rating on Clean Harbors (CLHResearch Report), with a price target of $125.00. The company’s shares closed last Wednesday at $95.80.

According to TipRanks.com, Ricchiuti is a top 100 analyst with an average return of 20.4% and a 59.5% success rate. Ricchiuti covers the Technology sector, focusing on stocks such as Benchmark Electronics, Teledyne Technologies, and Faro Technologies.

Clean Harbors has an analyst consensus of Strong Buy, with a price target consensus of $122.22, which is a 23.0% upside from current levels. In a report issued on April 22, Raymond James also maintained a Buy rating on the stock with a $130.00 price target.

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Based on Clean Harbors’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.12 billion and net profit of $48.99 million. In comparison, last year the company earned revenue of $796 million and had a net profit of $39.33 million.

Based on the recent corporate insider activity of 104 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CLH in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Clean Harbors, Inc. engages in the provision of environmental, energy, and industrial services. It operates through the Environmental Services and Safety-Kleen business segments. The Environmental Services segment consists of the technical services; industrial services; field services; and oil, gas, and lodging businesses. The Safety-Kleen segment includes parts washer services, containerized waste services, vac services, used motor oil collection, and sale of base and blended oil products as well as complementary products. The company was founded by Alan S. McKim in 1980 and is headquartered in Norwell, MA.

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