Stifel analyst Brian Butler maintains $Clean Harbors (CLH.US)$ with a buy rating, and adjusts the target price from $275 to $270.
According to TipRanks data, the analyst has a success rate of 61.5% and a total average return of 6.2% 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 company's Q3 earnings results reflected the potential downside from certain cyclical operations, yet the prospects for industrial & hazardous waste services continue to be positive. Expectations for organic growth driven by pricing, along with considerable margin enhancement in the Environmental Service division, are still upheld. Furthermore, the risk of interruptions from the SKSS - Safety-Kleen Sustainability Solutions - division seems reduced after a significant recalibration of expectations.
Clean Harbors experienced a modest shortfall and anticipates the fourth quarter of 2024 to fall short of the consensus due to transient challenges in SKSS and Industrial Services sectors. Nevertheless, management is implementing measures to enhance outcomes, and the prospects for both divisions appear more promising for 2025.
Note:
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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.
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