Zacks Investment Research upgraded shares of Heritage-Crystal Clean (NASDAQ:HCCI) from a sell rating to a hold rating in a report released on Tuesday.

According to Zacks, “HERITAGE-CRYSTAL CLEAN, LLC, headquartered in Elgin, Illinois, is a privately-held marketing and sales Company that concentrates on servicing the automotive repair, commercial and industrial marketplaces, primarily in the Midwest and Eastern States. “

A number of other brokerages also recently commented on HCCI. Stifel Nicolaus reaffirmed a buy rating and set a $23.00 price objective on shares of Heritage-Crystal Clean in a research report on Thursday, October 19th. BidaskClub raised shares of Heritage-Crystal Clean from a hold rating to a buy rating in a research report on Wednesday, December 20th. Roth Capital set a $24.00 price objective on shares of Heritage-Crystal Clean and gave the company a buy rating in a research report on Friday, October 20th. Finally, Robert W. Baird boosted their price objective on shares of Heritage-Crystal Clean from $20.00 to $22.00 and gave the company a neutral rating in a research report on Friday, October 20th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Heritage-Crystal Clean presently has a consensus rating of Buy and an average price target of $22.50.

Heritage-Crystal Clean (HCCI) opened at $21.70 on Tuesday. Heritage-Crystal Clean has a 1 year low of $12.85 and a 1 year high of $22.21. The company has a market cap of $496.49, a P/E ratio of 24.94, a P/E/G ratio of 2.09 and a beta of 1.96. The company has a current ratio of 2.51, a quick ratio of 2.02 and a debt-to-equity ratio of 0.13.

Heritage-Crystal Clean (NASDAQ:HCCI) last announced its quarterly earnings data on Wednesday, October 18th. The industrial products company reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.03). Heritage-Crystal Clean had a net margin of 5.56% and a return on equity of 6.76%. The company had revenue of $83.33 million for the quarter, compared to analysts’ expectations of $85.32 million. equities analysts anticipate that Heritage-Crystal Clean will post 0.63 EPS for the current fiscal year.

Several institutional investors have recently modified their holdings of the company. Schwab Charles Investment Management Inc. lifted its stake in shares of Heritage-Crystal Clean by 0.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 53,099 shares of the industrial products company’s stock worth $845,000 after buying an additional 399 shares during the last quarter. Nationwide Fund Advisors lifted its stake in shares of Heritage-Crystal Clean by 10.0% in the second quarter. Nationwide Fund Advisors now owns 8,497 shares of the industrial products company’s stock worth $135,000 after buying an additional 770 shares during the last quarter. Teachers Advisors LLC lifted its stake in shares of Heritage-Crystal Clean by 5.0% in the second quarter. Teachers Advisors LLC now owns 23,336 shares of the industrial products company’s stock worth $371,000 after buying an additional 1,106 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of Heritage-Crystal Clean by 8.3% in the second quarter. Rhumbline Advisers now owns 14,912 shares of the industrial products company’s stock worth $237,000 after buying an additional 1,140 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Heritage-Crystal Clean by 18.3% in the second quarter. The Manufacturers Life Insurance Company now owns 14,315 shares of the industrial products company’s stock worth $227,000 after buying an additional 2,214 shares during the last quarter. Institutional investors and hedge funds own 58.56% of the company’s stock.

TRADEMARK VIOLATION WARNING: This piece was originally posted by TheOlympiaReport and is owned by of TheOlympiaReport. If you are accessing this piece on another domain, it was copied illegally and reposted in violation of United States & international copyright laws. The correct version of this piece can be read at https://theolympiareport.com/2017/12/27/heritage-crystal-clean-hcci-upgraded-to-hold-at-zacks-investment-research-2.html.

About Heritage-Crystal Clean

Heritage-Crystal Clean, Inc provides full-service parts cleaning, containerized waste management, used oil collection, vacuum truck services and antifreeze recycling. The Company owns and operates a used oil re-refinery. The Company operates through two segments: Environmental Services and Oil Business.

Analyst Recommendations for Heritage-Crystal Clean (NASDAQ:HCCI)

Receive News & Ratings for Heritage-Crystal Clean Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heritage-Crystal Clean and related companies with Analyst Ratings Network's FREE daily email newsletter.