BMO Capital analyst Jeffrey Silber maintains $Clean Harbors (CLH.US)$ with a buy rating, and adjusts the target price from $264 to $273.
According to TipRanks data, the analyst has a success rate of 62.8% and a total average return of 10.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Clean Harbors (CLH.US)$'s main analysts recently are as follows:
The recent quarterly earnings shortfall of Clean Harbors highlighted the potential downside risk associated with its more cyclical segments. Nevertheless, the prospects for the industrial and hazardous waste services sector continue to be positive. Expectations for price-driven organic growth and considerable margin growth in the Environmental Service division remain unchanged. Moreover, the likelihood of disruptions in the SKSS - Safety-Kleen Sustainability Solutions - division has diminished after a significant recalibration of expectations.
Clean Harbors experienced a minor shortfall and provided guidance for Q4 2024 below the consensus due to transient headwinds in SKSS and Industrial Services. Nonetheless, management is implementing suitable measures to enhance outcomes, and the outlook for 2025 appears more favorable for both segments.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
