Clean Harbors, Inc (NYSE: CLH) Loses -13.98% From High. Why That Could Change?

Currently, there are 53.90M common shares owned by the public and among those 50.70M shares have been available to trade.

The company’s stock has a 5-day price change of -1.96% and -11.84% over the past three months. CLH shares are trading -0.16% year to date (YTD), with the 12-month market performance up to 28.02% higher. It has a 12-month low price of $176.02 and touched a high of $267.11 over the same period. CLH has an average intraday trading volume of 299.70K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -2.88%, -3.07%, and -2.38% respectively.

Institutional ownership of Clean Harbors, Inc (NYSE: CLH) shares accounts for 92.71% of the company’s 53.90M shares outstanding.

It has a market capitalization of $12.39B and a beta (3y monthly) value of 1.20. The stock’s trailing 12-month PE ratio is 29.91, while the earnings-per-share (ttm) stands at $7.68. The company has a PEG of 2.69 and a Quick Ratio of 1.76 with the debt-to-equity ratio at 1.20. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.61% over the week and 2.02% over the month.

Earnings per share for the fiscal year are expected to increase by 3.43%, and 13.52% over the next financial year. EPS should shrink at an annualized rate of 11.12% over the next five years, compared to 42.93% over the past 5-year period.

Looking at the support for the CLH, a number of firms have released research notes about the stock. TD Cowen stated their Buy rating for the stock in a research note on December 06, 2024, with the firm’s price target at $325. Stifel coverage for the Clean Harbors, Inc (CLH) stock in a research note released on December 19, 2023 offered a Buy rating with a price target of $206. Wells Fargo was of a view on December 08, 2023 that the stock is Overweight, while Wolfe Research gave the stock Outperform rating on October 17, 2023, issuing a price target of $184. Truist on their part issued Buy rating on April 18, 2023.

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