Heritage-Crystal Clean (NASDAQ:HCCI) Receives Outperform Rating from Barrington Research

Heritage-Crystal Clean (NASDAQ:HCCI)‘s stock had its “outperform” rating restated by investment analysts at Barrington Research in a note issued to investors on Tuesday, May 7th, The Fly reports. They presently have a $30.00 price target on the industrial products company’s stock, up from their previous price target of $27.00. Barrington Research’s target price would indicate a potential upside of 18.39% from the company’s current price. Barrington Research also issued estimates for Heritage-Crystal Clean’s Q2 2019 earnings at $0.27 EPS, Q3 2019 earnings at $0.27 EPS, Q4 2019 earnings at $0.40 EPS, FY2019 earnings at $0.94 EPS and FY2020 earnings at $1.30 EPS.

The analysts wrote, “We are raising our 12-month price target to $30 (from $27). Our new price target assumes an EV/NTM EBITDA multiple of 11x, up from our prior assumption of 10x. We believe a higher multiple is warranted due to favorable industry and company-specific trends. The stock’s current EV/NTM EBITDA multiple is 10.8x (based on our estimates). Our investment rating remains OUTPERFORM.””

HCCI has been the topic of a number of other research reports. Stifel Nicolaus cut shares of Heritage-Crystal Clean from a “buy” rating to a “hold” rating and set a $25.00 price target on the stock. in a research note on Thursday, February 28th. Zacks Investment Research downgraded Heritage-Crystal Clean from a “buy” rating to a “hold” rating in a research report on Thursday, February 21st. Needham & Company LLC reiterated a “buy” rating and set a $27.00 target price (up from $23.00) on shares of Heritage-Crystal Clean in a research report on Thursday, March 7th. BidaskClub downgraded Heritage-Crystal Clean from a “buy” rating to a “hold” rating in a research report on Thursday, January 31st. Finally, ValuEngine upgraded Heritage-Crystal Clean from a “hold” rating to a “buy” rating in a research report on Thursday, March 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. Heritage-Crystal Clean presently has an average rating of “Buy” and a consensus target price of $28.33.

Shares of HCCI stock traded down $0.26 during trading hours on Tuesday, hitting $25.34. 46,224 shares of the company’s stock were exchanged, compared to its average volume of 74,099. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.39 and a current ratio of 1.80. Heritage-Crystal Clean has a 12-month low of $18.00 and a 12-month high of $29.01. The company has a market capitalization of $610.05 million, a PE ratio of 37.26, a price-to-earnings-growth ratio of 1.65 and a beta of 1.45.

Heritage-Crystal Clean (NASDAQ:HCCI) last released its quarterly earnings results on Tuesday, March 5th. The industrial products company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.06). The company had revenue of $127.06 million during the quarter, compared to the consensus estimate of $122.95 million. Heritage-Crystal Clean had a net margin of 2.92% and a return on equity of 6.17%. On average, research analysts predict that Heritage-Crystal Clean will post 1.06 EPS for the current year.

Institutional investors have recently made changes to their positions in the company. BlackRock Inc. boosted its position in Heritage-Crystal Clean by 4.3% during the fourth quarter. BlackRock Inc. now owns 821,943 shares of the industrial products company’s stock valued at $18,912,000 after purchasing an additional 33,944 shares in the last quarter. Vanguard Group Inc. boosted its position in Heritage-Crystal Clean by 1.2% during the third quarter. Vanguard Group Inc. now owns 656,789 shares of the industrial products company’s stock valued at $14,022,000 after purchasing an additional 7,572 shares in the last quarter. Marshall Wace LLP bought a new stake in Heritage-Crystal Clean during the third quarter valued at about $1,037,000. Vanguard Group Inc boosted its position in Heritage-Crystal Clean by 1.2% during the third quarter. Vanguard Group Inc now owns 656,789 shares of the industrial products company’s stock valued at $14,022,000 after purchasing an additional 7,572 shares in the last quarter. Finally, Northpointe Capital LLC bought a new stake in Heritage-Crystal Clean during the fourth quarter valued at about $1,212,000. Hedge funds and other institutional investors own 64.49% of the company’s stock.

About Heritage-Crystal Clean

Heritage-Crystal Clean, Inc, through its subsidiary, Heritage-Crystal Clean, LLC, provides parts cleaning, and hazardous and non-hazardous containerized waste services to small and mid-sized customers in the vehicle maintenance and manufacturing services industries in North America. It operates in two segments, Environmental Services and Oil Business.

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

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