Raymond James has updated its price target for Clean Harbors (CLH, Financial), adjusting it to $280, a slight decrease from the previous target of $285, while maintaining a Strong Buy rating on the stock. This revision came as part of a preview for the upcoming first-quarter performance in the waste and industrial services sector.
Analysts anticipate that the first quarter will be relatively stable, with companies in this sector expected to meet the guidance outlined just six weeks prior. Raymond James notes that fundamental trends are consistent with projections. Year-over-year, core pricing has shown an increase in the mid-single-digit percentage, although volumes have seen a slight decline across the board.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 12 analysts, the average target price for Clean Harbors Inc (CLH, Financial) is $253.01 with a high estimate of $300.00 and a low estimate of $205.00. The average target implies an upside of 22.83% from the current price of $205.98. More detailed estimate data can be found on the Clean Harbors Inc (CLH) Forecast page.
Based on the consensus recommendation from 13 brokerage firms, Clean Harbors Inc's (CLH, Financial) average brokerage recommendation is currently 1.9, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Clean Harbors Inc (CLH, Financial) in one year is $193.01, suggesting a downside of 6.3% from the current price of $205.98. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Clean Harbors Inc (CLH) Summary page.
