UBS raised the price target for the Clean Harbors Inc. (NYSE:CLH) stock from “a Buy” to “a Neutral”. The rating was released on November 03, 2022, according to finviz. We previously noted in another research note published on April 05, 2022 by Goldman that upgraded the stock from a Sell to a Neutral with a price target of $120 for CLH stock. The research report from DA Davidson has initiated the stock to Buy, with a price target set at $130. The stock was upgraded by Raymond James, who disclosed in a research note on January 10, 2022, from Outperform to Strong Buy and set the price objective to $125. In their research brief published December 03, 2021, Goldman analysts resumed the Clean Harbors Inc. stock to Sell with a price target of $95.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of Clean Harbors Inc. (NYSE:CLH) dipped -1.22% to close Friday’s market session at $134.32, lower as compared to yesterday’s close. The stock price fluctuated between $133.45 and $136.565 throughout the trading session with the volume trading being 744856 shares, which represented a significant variation when compared to the three months average volume of 356.08K shares. The firm’s stock price fluctuated -0.13% within the last five trades and 0.68% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 11.64% in the last 6 months and 13.10% was added to its value over the previous 3 months. CLH stock is trading at a margin of -0.19%, 3.75% and 17.95% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
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As of the close of trading, CLH deals in the Industrials domain. The stock is trading -4.53 percent below its 52-week high and 64.69 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 30.83. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Clean Harbors Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 12.40 percent and the profit margin is 8.00 percent, and the company has reported a gross margin of 31.40 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $7.43 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Clean Harbors Inc. (NYSE:CLH) is 17.77. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 17.70. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 1.44 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 3.78, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 6.30 percent of Clean Harbors Inc. shares are owned by insiders, and 93.70 percent are held by financial institutions. Speights Robert, the PRESIDENT, INDUSTRIAL SERVICES at Clean Harbors Inc. (CLH) has sold 1,363 shares of firm on Mar 15 at a price of $133.07 against the total amount of $0.18 million. In another inside trade, MCKIM ALAN S, CHRMN.OF BD, PRES. & CEO of Clean Harbors Inc. (NYSE:CLH) sold 1,161 shares of the firm on Mar 15 for a total worth of $0.15 million at a price of $133.07. An inside trade which took place on Mar 15, EVP AND CFO of Clean Harbors Inc. Battles Michael Louis sold 644 shares of firm against total price of $85697.0 at the cost of $133.07 per share.