Is Clean Harbors, Inc. (CLH) a Buy? The Stock Reaches Record High Today

Investors sentiment decreased to 0.77 in 2019 Q3. Its down 0.02, from 0.79 in 2019Q2. It turned negative, as 16 investors sold Clean Harbors, Inc. shares while 99 reduced holdings. 36 funds opened positions while 52 raised stakes. 48.85 million shares or 0.60% less from 49.15 million shares in 2019Q2 were reported.
Zacks Invest reported 0.06% stake. Jupiter Asset Limited holds 0.42% of its portfolio in Clean Harbors, Inc. (NYSE:CLH) for 166,925 shares. Hilltop Holdg has 0.1% invested in Clean Harbors, Inc. (NYSE:CLH) for 6,980 shares. Price T Rowe Associates Md accumulated 29,643 shares. Blackrock owns 4.65M shares. Ubs Asset Americas Inc holds 0% or 80,792 shares. Moreover, Ameritas Invest has 0.05% invested in Clean Harbors, Inc. (NYSE:CLH) for 14,526 shares. Brown Brothers Harriman & owns 2,000 shares. Moreover, Century Inc has 0.02% invested in Clean Harbors, Inc. (NYSE:CLH). Jp Marvel Lc has invested 0.42% in Clean Harbors, Inc. (NYSE:CLH). New York State Common Retirement Fund invested in 237,942 shares or 0.02% of the stock. Macquarie Group Limited has invested 0.01% in Clean Harbors, Inc. (NYSE:CLH). Georgia-based Voya Inv Mngmt Ltd Liability Co has invested 0% in Clean Harbors, Inc. (NYSE:CLH). 8,717 are owned by Atria Investments Limited Liability. Sg Americas Limited Liability Co owns 2,493 shares.

The stock of Clean Harbors, Inc. (NYSE:CLH) reached all time high today, Dec, 6 and still has $91.37 target or 7.00 % above today’s $85.39 share price. This indicates more upside for the $4.80B company. This technical setup was reported by Barchart.com. If the $91.37 PT is reached, the company will be worth $335.72M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 2.72% or $2.26 during the last trading session, reaching $85.39. About 165,693 shares traded. Clean Harbors, Inc. (NYSE:CLH) has risen 38.97% since December 6, 2018 and is uptrending. It has outperformed by 38.97% the S&P500.

Analysts await Clean Harbors, Inc. (NYSE:CLH) to report earnings on February, 26. They expect $0.44 earnings per share, up 83.33 % or $0.20 from last year’s $0.24 per share. CLH’s profit will be $24.71M for 48.52 P/E if the $0.44 EPS becomes a reality. After $0.72 actual earnings per share reported by Clean Harbors, Inc. for the previous quarter, Wall Street now forecasts -38.89 % negative EPS growth.

Clean Harbors, Inc. (NYSE:CLH) Ratings Coverage

Among 5 analysts covering Clean Harbors (NYSE:CLH), 4 have Buy rating, 1 Sell and 0 Hold. Therefore 80% are positive. Clean Harbors has $9500 highest and $7500 lowest target. $87.60’s average target is 2.59% above currents $85.39 stock price. Clean Harbors had 11 analyst reports since August 1, 2019 according to SRatingsIntel. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, October 31. Needham maintained Clean Harbors, Inc. (NYSE:CLH) rating on Friday, August 23. Needham has “Buy” rating and $8600 target. Robert W. Baird maintained the shares of CLH in report on Thursday, August 1 with “Outperform” rating. Robert W. Baird maintained it with “Outperform” rating and $9500 target in Thursday, October 31 report. The firm has “Buy” rating by BMO Capital Markets given on Thursday, October 31.

More notable recent Clean Harbors, Inc. (NYSE:CLH) news were published by: Finance.Yahoo.com which released: “Hedge Funds Have Never Been More Bullish On Clean Harbors Inc (CLH) – Yahoo Finance” on October 24, 2019, also 247Wallst.com with their article: “Top Analyst Upgrades and Downgrades: Baidu, Cerner, Duke Energy, Hertz, JD.com, Luckin Coffee, Macy’s, Teladoc, Uber, Waste Management and More – 24/7 Wall St.” published on November 22, 2019, Seekingalpha.com published: “Clean Harbors EPS beats by $0.01, beats on revenue – Seeking Alpha” on October 30, 2019. More interesting news about Clean Harbors, Inc. (NYSE:CLH) were released by: Finance.Yahoo.com and their article: “Have Insiders Been Selling Clean Harbors, Inc. (NYSE:CLH) Shares? – Yahoo Finance” published on July 18, 2019 as well as Finance.Yahoo.com‘s news article titled: “Should We Worry About Clean Harbors, Inc.’s (NYSE:CLH) P/E Ratio? – Yahoo Finance” with publication date: October 16, 2019.

Clean Harbors, Inc. provides environmental, energy, and industrial services in North America and internationally. The company has market cap of $4.80 billion. The companyÂ’s Technical Services segment provides a range of hazardous material management services, including the packaging, collection, transportation, treatment, and disposal of hazardous and non-hazardous waste at its incineration, landfill, wastewater, and other treatment facilities. It has a 53.37 P/E ratio. The Company’s Industrial and Field Services segment offers industrial and specialty services, such as high-pressure and chemical cleaning, daylighting, production servicing, decoking, pigging, and material processing services to refineries, chemical plants, oil sands facilities, pulp and paper mills, and other industrial facilities.