Stifel Nicolaus Thinks Harsco’s Stock is Going to Recover

In a report released yesterday, Michael E. Hoffman from Stifel Nicolaus maintained a Buy rating on Harsco (HSCResearch Report), with a price target of $10.00. The company’s shares closed last Monday at $5.01, close to its 52-week low of $4.36.

According to TipRanks.com, Hoffman is a 5-star analyst with an average return of 13.3% and a 59.1% success rate. Hoffman covers the Services sector, focusing on stocks such as Heritage-Crystal Clean, Republic Services, and Sharps Compliance.

Currently, the analyst consensus on Harsco is a Moderate Buy with an average price target of $10.00, a 102.0% upside from current levels. In a report released yesterday, Barrington also maintained a Buy rating on the stock with a $13.00 price target.

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Harsco’s market cap is currently $389.9M and has a P/E ratio of -8.95.

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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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