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Will Oppenheimer Upgrade to “Outperform” from “Perform” Be a Tailwind For Clean Harbors (NYSE:CLH) Stock Today?

Oppenheimer Analyst Rating Change Clean Harbors NYSE:CLH

Clean Harbors (NYSE:CLH) Rating Change

Clean Harbors (NYSE:CLH) was upgraded by equity analysts at Oppenheimer from “Perform” rating to “Outperform” rating in a research note revealed on 16 March.

The stock rating upgrade is well-received by stock traders, as NYSE:CLH is now trading 2.46% higher at $57.11 as of 2:03 AM New York time. Clean Harbors’s stock is 0% in the last 200 days. It has underperformed the S&P500, which has increased 13.63% in the same time.

According to data compiled by Thomson Reuters, Clean Harbors (NYSE:CLH)’s stock is covered by 9 equity analysts across the Street, with 1 analysts giving it a Sell rating, 5 a Buy rating, while 7 consider it a Hold. The 12-month consensus target price for the stock is $52, which reflects an downside potential of 8.95% over the current price.

Institutional Ownership

Pivot Point Capital Partners Llc had the largest stake with ownership of 511,964 shares as of Q2 2015 for 18.45% of the US long equity exposure. Turtle Creek Asset Management Inc. is another notably bullish investment manager who is having 549,640 shares of Clean Harbors or 7.95% of their US long equity exposure. Moreover, Southernsun Asset Management Llc have 5.06% of their US long equity exposure invested in the company for 4.22M shares. The California-based fund Orbis Investment Management (U.S.) Llc revealed it had acquired so far a stake worth about 4.39% of the investment manager’s stock portfolio in Clean Harbors. The Illinois-based fund 12Th Street Asset Management Company Llc is also positive about the stock, possessing 117,957 shares or 3.69% of their US long equity exposure.

Clean Harbors (NYSE:CLH) Profile

Clean Harbors IncClean Harbors, Inc. is a provider of environmental, energy and industrial services throughout North America. The Company is also a re-refiner and recycler of used oil in the world and a provider of parts cleaning and related environmental services to commercial, industrial and automotive customers in North America. The Company operates in six segments: Technical Services, Industrial Services, Field Services, Safety-Kleen, Oil and Gas Field Services, and Lodging Services.

Clean Harbors (NYSE:CLH) traded up 2.46% on 16 March, hitting $57.11. A total of 65,717 shares of the company’s stock traded hands. This is down from average of 391,952 shares. Clean Harbors has a 52 week low of $43.03 and a 52 week high of $59.17. The company has a market cap of $3.29 billion and a P/E ratio of 0.

Get the latest Clean Harbors (NYSE:CLH) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post Will Oppenheimer Upgrade to “Outperform” from “Perform” Be a Tailwind For Clean Harbors (NYSE:CLH) Stock Today? appeared first on Octafinance.

This post first appeared on Octafinance – Financial News, Reports And Intell, please read the originial post: here

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Will Oppenheimer Upgrade to “Outperform” from “Perform” Be a Tailwind For Clean Harbors (NYSE:CLH) Stock Today?


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