Zacks: Brokerages Set $3.75 Price Target for Quest Resource Holding Corp (NASDAQ:QRHC)

Shares of Quest Resource Holding Corp (NASDAQ:QRHC) have earned an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy rating.

Brokers have set a twelve-month consensus price objective of $3.75 for the company and are forecasting that the company will post ($0.01) EPS for the current quarter, according to Zacks. Zacks has also assigned Quest Resource an industry rank of 104 out of 256 based on the ratings given to related companies.

Several research analysts recently issued reports on QRHC shares. HC Wainwright reaffirmed a “buy” rating and set a $4.00 target price on shares of Quest Resource in a research report on Thursday, May 16th. Roth Capital reaffirmed a “buy” rating on shares of Quest Resource in a research report on Monday, April 15th.

In other Quest Resource news, insider Mitchell A. Saltz sold 3,700,000 shares of the business’s stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $1.74, for a total value of $6,438,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jeffrey D. Forte sold 500,000 shares of the business’s stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $1.50, for a total value of $750,000.00. The disclosure for this sale can be found here. 20.19% of the stock is owned by insiders.

An institutional investor recently raised its position in Quest Resource stock. Deutsche Bank AG grew its position in shares of Quest Resource Holding Corp (NASDAQ:QRHC) by 124.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,185 shares of the business services provider’s stock after buying an additional 11,185 shares during the period. Deutsche Bank AG owned 0.13% of Quest Resource worth $27,000 at the end of the most recent reporting period. 13.98% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ QRHC traded down $0.02 during midday trading on Friday, hitting $2.77. 26,830 shares of the stock traded hands, compared to its average volume of 17,609. The company has a market capitalization of $42.52 million, a P/E ratio of -23.08, a PEG ratio of 18.47 and a beta of 1.53. Quest Resource has a one year low of $1.26 and a one year high of $3.10. The company’s 50 day moving average is $2.54. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.09.

Quest Resource (NASDAQ:QRHC) last released its quarterly earnings data on Wednesday, May 15th. The business services provider reported ($0.01) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.02. The firm had revenue of $26.65 million during the quarter, compared to the consensus estimate of $26.49 million. Quest Resource had a negative return on equity of 1.13% and a negative net margin of 1.22%. Research analysts predict that Quest Resource will post 0.01 earnings per share for the current fiscal year.

Quest Resource Company Profile

Quest Resource Holding Corporation, through its subsidiaries, provides solutions for the reuse, recycle, and dispose various waste streams and recyclables in the United States. The company offers recycling and waste management services for motor oil, oil filters, scrap tires, grease and cooking oil, food waste, and expired food products; and various other materials, such as glass, cardboard, paper, and metal, as well as hazardous materials, plastics, construction debris, batteries, mercury, lights, regulated waste, electronic devices, and industrial cleaning products.

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