Needham Remains a Buy 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 $140.00. The company’s shares opened today at $122.00.

Ricchiuti covers the Technology sector, focusing on stocks such as Coherent Corp, Benchmark Electronics, and Cognex. According to TipRanks, Ricchiuti has an average return of 14.7% and a 57.52% success rate on recommended stocks.

Currently, the analyst consensus on Clean Harbors is a Strong Buy with an average price target of $140.80.

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The company has a one-year high of $124.49 and a one-year low of $81.56. Currently, Clean Harbors has an average volume of 418.6K.

Based on the recent corporate insider activity of 91 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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