For its second fiscal quarter (ending June 30), Clean Harbors Inc (NYSE: CLH) has reported E.P.S. of $2.47 compared to $2.14 a year ago. E.P.S. were $7.28 for the latest four quarters through June 30 versus $7.52 for the same period a year ago.
Recent Price Action
On 7/31/24, Clean Harbors Inc (NYSE: CLH) stock enjoyed a very large increase of 6.4%, closing at $238.73. Moreover, this advance was accompanied by unusually high trading volume at 184% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 2.3% during the last week.
Current PriceTarget Research Rating
CLH is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Clean Harbors has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Clean Harbors has a slightly negative Appreciation Score of 35 but a very high Power Rating of 92, producing the Positive Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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