For its third fiscal quarter (ending September 30), Clean Harbors Inc (NYSE: CLH) has reported a 27% increase in E.P.S. from $1.69 a year ago to $2.14 in the current quarter. E.P.S. were $7.72 for the latest four quarters through September 30 versus $6.70 for the same period a year ago — an increase of 15%.
Recent Price Action
Clean Harbors Inc (NYSE: CLH) stock suffered a major decline of -10.7% on 10/30/24. The shares closed at $235.15. Moreover, exceptionally high trading volume at 622% of normal accompanied the decline. The stock has been exceptionally strong relative to the market over the last nine months but has declined -8.8% 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 36 but a very high Power Rating of 96, triggering the Positive Value Trend Rating.
Rating Review
In light of this new information and highly negative price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
Be the first to comment