Alert: Positive Investment/Fundamental Signals (7/15/24)-Harsco Corp (NYSE: HSC)

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Harsco Corp (NYSE: HSC) has recently enjoyed significant positive changes in fundamentals: 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) has benefited from meaningful positive changes in investment behavior: the stock’s recent price rise disrupted its longer term downtrend.

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 40 but a good Power Rating of 79, producing the High Neutral Value Trend Rating.

Recent Price Action

On 7/15/24, Harsco Corp (NYSE: HSC) stock enjoyed a large increase of 3.0%, closing at $9.76. Trading volume in this advance was normal. The stock has risen 14.3% during the last week and has been strong relative to the market over the last nine months.

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