US Ecology (NASDAQ:ECOL) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday, November 21st, ValuEngine reports.
Several other equities analysts have also issued reports on ECOL. BidaskClub lowered shares of US Ecology from a “sell” rating to a “strong sell” rating in a report on Friday, November 15th. Zacks Investment Research downgraded US Ecology from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 6th. Finally, UBS Group set a $63.00 price objective on US Ecology and gave the stock a “hold” rating in a research report on Friday, November 1st.
US Ecology stock opened at $56.13 on Thursday. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.03 and a quick ratio of 2.03. US Ecology has a one year low of $53.48 and a one year high of $67.27. The stock’s 50 day moving average is $59.21 and its 200 day moving average is $60.80. The firm has a market cap of $1.24 billion, a P/E ratio of 24.19 and a beta of 0.54.
US Ecology (NASDAQ:ECOL) last issued its quarterly earnings results on Wednesday, October 30th. The business services provider reported $0.75 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.01. US Ecology had a net margin of 8.22% and a return on equity of 13.61%. The firm had revenue of $167.40 million for the quarter, compared to the consensus estimate of $161.25 million. During the same quarter in the previous year, the company earned $0.61 EPS. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. Equities analysts anticipate that US Ecology will post 2.2 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently modified their holdings of ECOL. American Research & Management Co. bought a new position in shares of US Ecology during the 2nd quarter worth approximately $36,000. US Bancorp DE grew its position in shares of US Ecology by 20.0% during the 2nd quarter. US Bancorp DE now owns 1,238 shares of the business services provider’s stock worth $73,000 after buying an additional 206 shares during the period. Marshall Wace LLP bought a new stake in shares of US Ecology in the 1st quarter valued at $77,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake 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 valued at $94,000 after acquiring an additional 317 shares in the last quarter. Finally, First Mercantile Trust Co. lifted its position in shares of US Ecology by 13.5% during the 2nd quarter. First Mercantile Trust Co. now owns 1,510 shares of the business services provider’s stock valued at $90,000 after acquiring an additional 180 shares during the period. 89.44% of the stock is currently owned by hedge funds and other institutional investors.
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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