Alert: Positive Investment/Fundamental Signals (7/26/24)-Harsco Corp (NYSE: HSC)

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Meaningful positive changes in Harsco Corp (NYSE: HSC) fundamentals have recently occurred: the consensus estimate for December, 2024 increased significantly, the stock’s power rating rose above 70, and the consensus estimate for December, 2025 increased significantly.

Harsco Corp (NYSE: HSC). Significant positive changes in investment behavior have recently occurred: the stock rose on very heavy volume.

In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.

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Current PriceTarget Research Rating

HSC’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to be a modest Value Builder.

Harsco has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Harsco has a slightly negative Appreciation Score of 33 but a good Power Rating of 81, and the High Neutral Value Trend Rating results.

Recent Price Action

Harsco Corp (NYSE: HSC) stock closed at $11.18 on 7/26/24 after a large increase of 3.5%. Moreover, trading volume in this advance was exceptionally high at 546% of normal. The stock has risen 10.0% during the last week and has been exceptionally strong relative to the market over the last nine months.

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