Zacks Investment Research Upgrades Heritage-Crystal Clean (HCCI) to Buy

Heritage-Crystal Clean (NASDAQ:HCCI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday, January 5th. The firm currently has a $25.00 price target on the industrial products company’s stock. Zacks Investment Research‘s target price points to a potential upside of 3.95% from the stock’s previous close.

According to Zacks, “HERITAGE-CRYSTAL CLEAN, LLC, headquartered in Elgin, Illinois, is a privately-held marketing and sales Company that concentrates on servicing the automotive repair, commercial and industrial marketplaces, primarily in the Midwest and Eastern States. “

HCCI has been the subject of several other reports. BidaskClub raised Heritage-Crystal Clean from a “sell” rating to a “hold” rating in a report on Wednesday, December 6th. Stifel Nicolaus reissued a “buy” rating and set a $23.00 price objective on shares of Heritage-Crystal Clean in a report on Thursday, October 19th. Robert W. Baird raised their price target on Heritage-Crystal Clean from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Friday, October 20th. Finally, Roth Capital set a $24.00 price target on Heritage-Crystal Clean and gave the stock a “buy” rating in a report on Friday, October 20th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $23.17.

Heritage-Crystal Clean (NASDAQ:HCCI) traded up $0.95 during mid-day trading on Friday, reaching $24.05. The company had a trading volume of 200,579 shares, compared to its average volume of 109,856. The firm has a market cap of $513.08, a P/E ratio of 27.64, a P/E/G ratio of 1.66 and a beta of 1.96. Heritage-Crystal Clean has a fifty-two week low of $12.85 and a fifty-two week high of $24.45. The company has a current ratio of 2.51, a quick ratio of 2.02 and a debt-to-equity ratio of 0.13.

Heritage-Crystal Clean (NASDAQ:HCCI) last issued its quarterly earnings results on Wednesday, October 18th. The industrial products company reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.03). The business had revenue of $83.33 million for the quarter, compared to analysts’ expectations of $85.32 million. Heritage-Crystal Clean had a net margin of 5.56% and a return on equity of 6.76%. equities analysts predict that Heritage-Crystal Clean will post 0.63 EPS for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Strs Ohio purchased a new position in shares of Heritage-Crystal Clean in the third quarter worth about $132,000. Nationwide Fund Advisors increased its holdings in shares of Heritage-Crystal Clean by 10.0% in the second quarter. Nationwide Fund Advisors now owns 8,497 shares of the industrial products company’s stock worth $135,000 after buying an additional 770 shares during the period. First Trust Advisors LP purchased a new position in shares of Heritage-Crystal Clean in the third quarter worth about $225,000. The Manufacturers Life Insurance Company increased its holdings in shares of Heritage-Crystal Clean by 18.3% in the second quarter. The Manufacturers Life Insurance Company now owns 14,315 shares of the industrial products company’s stock worth $227,000 after buying an additional 2,214 shares during the period. Finally, CMH Wealth Management LLC bought a new stake in shares of Heritage-Crystal Clean in the fourth quarter worth about $228,000. Institutional investors and hedge funds own 58.56% of the company’s stock.

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About Heritage-Crystal Clean

Heritage-Crystal Clean, Inc provides full-service parts cleaning, containerized waste management, used oil collection, vacuum truck services and antifreeze recycling. The Company owns and operates a used oil re-refinery. The Company operates through two segments: Environmental Services and Oil Business.

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