Harsco (HSC) Stock Rating Lowered by ValuEngine

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Harsco (NYSE:HSC) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a report released on Friday.

Several other research analysts have also recently issued reports on HSC. Singular Research reiterated a “buy” rating on shares of Harsco in a report on Thursday, March 7th. Zacks Investment Research upgraded shares of Harsco from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Tuesday, January 22nd. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $30.50.

HSC stock opened at $20.01 on Friday. The stock has a market capitalization of $1.60 billion, a P/E ratio of 15.27 and a beta of 2.51. Harsco has a 12 month low of $18.87 and a 12 month high of $30.05. The company has a current ratio of 1.45, a quick ratio of 1.13 and a debt-to-equity ratio of 1.87.

Harsco (NYSE:HSC) last posted its quarterly earnings results on Thursday, February 21st. The industrial products company reported $0.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.04. The company had revenue of $437.90 million for the quarter, compared to the consensus estimate of $437.23 million. Harsco had a net margin of 7.96% and a return on equity of 38.66%. The firm’s revenue was down 3.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.20 EPS. On average, equities research analysts expect that Harsco will post 1.4 EPS for the current fiscal year.

A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. grew its holdings in Harsco by 4.0% during the 3rd quarter. BlackRock Inc. now owns 11,572,319 shares of the industrial products company’s stock worth $330,390,000 after acquiring an additional 444,922 shares in the last quarter. Vanguard Group Inc. grew its holdings in Harsco by 2.9% during the 3rd quarter. Vanguard Group Inc. now owns 10,841,968 shares of the industrial products company’s stock worth $309,539,000 after acquiring an additional 303,108 shares in the last quarter. Vanguard Group Inc grew its holdings in Harsco by 2.9% during the 3rd quarter. Vanguard Group Inc now owns 10,841,968 shares of the industrial products company’s stock worth $309,539,000 after acquiring an additional 303,108 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Harsco by 2.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,329,047 shares of the industrial products company’s stock worth $46,256,000 after acquiring an additional 58,735 shares in the last quarter. Finally, SG Capital Management LLC boosted its holdings in shares of Harsco by 19.8% in the 4th quarter. SG Capital Management LLC now owns 1,541,239 shares of the industrial products company’s stock valued at $30,609,000 after buying an additional 255,037 shares in the last quarter. Institutional investors own 83.87% of the company’s stock.

Harsco Company Profile

Harsco Corporation provides industrial services and engineered products worldwide. The company operates in three segments: Harsco Metals & Minerals, Harsco Industrial, and Harsco Rail. The Harsco Metals & Minerals segment provides on-site services of material logistics, product quality improvement, and resource recovery for iron, steel, and metals manufacturing; and value added environmental solutions for industrial co-products, as well as produces industrial abrasives and roofing granules.

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