UBS Group set a $63.00 price target on US Ecology (NASDAQ:ECOL) in a research report report published on Friday, November 1st, TipRanks reports. The firm currently has a hold rating on the business services provider’s stock.
ECOL has been the topic of several other reports. Zacks Investment Research upgraded shares of US Ecology from a sell rating to a hold rating in a research report on Wednesday, October 23rd. BidaskClub downgraded shares of US Ecology from a hold rating to a sell rating in a research note on Tuesday, September 24th. Finally, ValuEngine raised shares of US Ecology from a hold rating to a buy rating in a research note on Thursday, August 1st.
ECOL traded up $0.37 during midday trading on Friday, hitting $55.09. 165,600 shares of the company were exchanged, compared to its average volume of 120,759. The company’s 50 day simple moving average is $60.89 and its 200 day simple moving average is $60.92. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 23.75 and a beta of 0.53. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.95. US Ecology has a 1-year low of $53.48 and a 1-year high of $70.48.
US Ecology (NASDAQ:ECOL) last announced its earnings results on Wednesday, October 30th. The business services provider reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.01. US Ecology had a net margin of 8.22% and a return on equity of 13.61%. The business had revenue of $167.40 million during the quarter, compared to analysts’ expectations of $161.25 million. During the same period in the prior year, the company earned $0.61 earnings per share. The business’s revenue was up 10.6% compared to the same quarter last year. On average, equities analysts anticipate that US Ecology will post 2.2 EPS for the current year.
Several hedge funds have recently modified their holdings of the company. First Mercantile Trust Co. raised its stake in shares of US Ecology by 11.6% in the 3rd quarter. First Mercantile Trust Co. now owns 1,685 shares of the business services provider’s stock valued at $108,000 after acquiring an additional 175 shares during the period. Oregon Public Employees Retirement Fund raised its position in shares of US Ecology by 2.3% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 8,736 shares of the business services provider’s stock worth $520,000 after buying an additional 200 shares in the last quarter. US Bancorp DE raised its holdings in shares of US Ecology by 20.0% in the 2nd quarter. US Bancorp DE now owns 1,238 shares of the business services provider’s stock worth $73,000 after purchasing an additional 206 shares in the last quarter. Arizona State Retirement System raised its holdings in shares of US Ecology by 0.6% in the 2nd quarter. Arizona State Retirement System now owns 34,265 shares of the business services provider’s stock worth $2,040,000 after purchasing an additional 219 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of US Ecology by 27.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,476 shares of the business services provider’s stock worth $94,000 after purchasing an additional 317 shares in the last quarter. 89.44% of the stock is currently owned by institutional investors and hedge funds.
US Ecology Company Profile
US Ecology, Inc, through its subsidiaries, provides environmental services to commercial and government entities in the United States, Canada, and Mexico. It operates through two segments, Environmental Services, and Field & Industrial Services. The Environmental Services segment offers hazardous material management services, including transportation, recycling, treatment, and disposal of hazardous, non-hazardous, and radioactive waste at its landfill, wastewater, deep-well injection, and other treatment facilities.
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