Stifel Nicolaus Raises Harsco (NYSE:HSC) Price Target to $20.00
Harsco (NYSE:HSC) had its target price hoisted by Stifel Nicolaus from $16.00 to $20.00 in a research report report published on Tuesday morning, BenzingaRatingsTable reports. They currently have a buy rating on the industrial products company’s stock.
Several other equities analysts also recently commented on the stock. KeyCorp cut their price target on shares of Harsco from $24.00 to $15.00 and set an overweight rating on the stock in a report on Thursday, April 2nd. Barrington Research upped their price target on shares of Harsco from $15.00 to $16.00 and gave the company an outperform rating in a report on Tuesday, June 16th. ValuEngine upgraded shares of Harsco from a sell rating to a hold rating in a report on Wednesday, April 8th. Lake Street Capital cut their price target on shares of Harsco from $31.00 to $26.00 and set a buy rating on the stock in a report on Wednesday, April 8th. Finally, Zacks Investment Research upgraded shares of Harsco from a hold rating to a buy rating and set a $16.00 price target on the stock in a report on Wednesday, June 10th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of $18.60.
Shares of Harsco stock traded up $0.04 during trading hours on Tuesday, reaching $12.89. The company’s stock had a trading volume of 344,415 shares, compared to its average volume of 784,656. The firm has a 50 day moving average price of $11.59 and a 200-day moving average price of $13.03. Harsco has a one year low of $4.19 and a one year high of $27.27. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.51 and a quick ratio of 1.14. The stock has a market cap of $1.01 billion, a P/E ratio of 2.16 and a beta of 2.66.
In related news, Director Edgar M. Purvis, Jr. bought 9,000 shares of the company’s stock in a transaction on Friday, May 15th. The shares were acquired at an average cost of $9.30 per share, for a total transaction of $83,700.00. Also, Director Carolann I. Haznedar bought 10,000 shares of the company’s stock in a transaction on Wednesday, May 13th. The stock was bought at an average price of $7.93 per share, for a total transaction of $79,300.00. Following the completion of the purchase, the director now directly owns 12,444 shares in the company, valued at $98,680.92. The disclosure for this purchase can be found here. 1.81% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Goldman Sachs Group Inc. lifted its position in shares of Harsco by 20.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 182,381 shares of the industrial products company’s stock worth $4,196,000 after purchasing an additional 30,463 shares during the period. Squarepoint Ops LLC purchased a new stake in Harsco during the first quarter valued at approximately $806,000. Bank of Montreal Can lifted its position in Harsco by 16.3% during the fourth quarter. Bank of Montreal Can now owns 13,100 shares of the industrial products company’s stock valued at $302,000 after acquiring an additional 1,834 shares during the last quarter. State Street Corp lifted its position in Harsco by 7.7% during the first quarter. State Street Corp now owns 2,529,895 shares of the industrial products company’s stock valued at $17,633,000 after acquiring an additional 180,574 shares during the last quarter. Finally, UBS Group AG lifted its position in Harsco by 20.2% during the fourth quarter. UBS Group AG now owns 110,967 shares of the industrial products company’s stock valued at $2,553,000 after acquiring an additional 18,636 shares during the last quarter. 90.72% of the stock is owned by hedge funds and other institutional investors.
Harsco Corporation provides industrial services and engineered products worldwide. The company operates in three segments: Harsco Metals & Minerals, Harsco Industrial, and Harsco Rail. The Harsco Metals & Minerals segment provides on-site services of material logistics, product quality improvement, and resource recovery for iron, steel, and metals manufacturing; and value added environmental solutions for industrial co-products, as well as produces industrial abrasives and roofing granules.
See Also: Sell-Side Analysts
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