US Ecology (NASDAQ: ECOL) Downgraded to Strong Sell at Zacks Investment Research

US Ecology (NASDAQ: ECOL) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research report released Friday, Zacks.com reports.

According to Zacks, “US Ecology, Inc., formerly known as American Ecology Corporation, provides radioactive, PCB, hazardous and non-hazardous waste management services to commercial and government customers across the United States. The Company operates through its subsidiaries and provides services to steel mills, medical and academic institutions, refineries, chemical manufacturing plants and the nuclear energy industry. Its subsidiaries include US Ecology Nevada, Inc., US Ecology Washington, Inc., US Ecology Texas, Inc., US Ecology Idaho, Inc., and US Ecology Field Services, Inc. The Company operates through two segments of activity: disposal facilities in operation and disposal facilities not in operation. US Ecology, Inc. is headquartered in Boise, Idaho. “

A number of other equity research analysts have also weighed on the company recently. BMO Capital Markets reduced its target price on US Ecology from $ 40.00 to $ 38.00 and established a “market return” rating for the stock in a research report released on Wednesday, October 6. Stifel Nicolaus downgraded US Ecology shares from a “buy” note to a “keep” rating and reduced their target price for the share from $ 42.00 to $ 31.00 in a note of search for Tuesday, October 19.

NASDAQ: ECOL shares traded up $ 0.45 on Friday at noon, reaching $ 32.07. The company’s shares had a traded volume of 122,263 shares, compared to its average volume of 137,813. The stock has a market cap of $ 1.01 billion, a price-to-earnings ratio of -10. 98 and a beta of 1.12. The stock’s 50-day simple moving average is $ 33.57 and its 200-day simple moving average is $ 34.60. US Ecology has a fifty-two week low of $ 28.91 and a fifty-two week high of $ 45.72. The company has a debt to equity ratio of 1.22, a rapid ratio of 2.01, and a current ratio of 2.01.

(A d)

There aren’t many days left on the calendar… and yet the global semiconductor market has reached $ 466.2 billion – despite the pandemic.

Better yet, the shortage of chips has created huge opportunities for recurring success.

These four tech companies are well positioned to take advantage of this rapidly growing demand.

US Ecology (NASDAQ: ECOL) last released its quarterly results on Friday, November 5. The business services provider reported earnings per share (EPS) of $ 0.22 for the quarter, beating Thomson Reuters’ consensus estimate of $ 0.21 of $ 0.01. US Ecology posted a positive return on equity of 2.24% and a negative net margin of 9.37%. The company posted revenue of $ 257.20 million for the quarter, compared to a consensus estimate of $ 244.84 million. During the same period last year, the company posted earnings per share of $ 0.25. The company’s revenue increased 8.0% compared to the same quarter last year. As a group, analysts predict that US Ecology will post 0.32 EPS for the current year.

Major investors have recently bought and sold shares in the company. Berman Capital Advisors LLC increased its stake in shares of US Ecology by 1,670.0% in the second quarter. Berman Capital Advisors LLC now owns 708 shares of the business services provider valued at $ 26,000 after acquiring an additional 668 shares in the last quarter. Advisor Group Holdings Inc. increased its stake in US Ecology shares by 25.2% in the second quarter. Advisor Group Holdings Inc. now owns 1,356 shares of the business services provider valued at $ 50,000 after acquiring an additional 273 shares in the last quarter. Moors & Cabot Inc. purchased a new position in US Ecology shares in the third quarter valued at approximately $ 51,000. Captrust Financial Advisors increased its stake in US Ecology by 28.2% in the third quarter. Captrust Financial Advisors now owns 1,766 shares of the business services provider valued at $ 57,000 after acquiring 389 additional shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in US Ecology shares during the first quarter valued at approximately $ 77,000. Institutional investors hold 87.44% of the shares of the company.

About American Ecology

US Ecology, Inc is engaged in the provision of environmental services to business and government entities. It operates through the following segments: Waste Solutions; Field services; and energy waste. The Waste Solutions segment comprises a range of specialist materials management services including the transportation, recycling, treatment and disposal of hazardous, non-hazardous, E&P and radioactive waste in landfills, wastewater, injection of deep wells and other company-owned treatment facilities.

Further reading: What is a level of support?

Get a free copy of Zacks’ American Ecology Research Report (ECOL)

For more information on Zacks Investment Research’s research offerings, visit Zacks.com

This instant news alert was powered by storytelling technology and financial data from MarketBeat to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team before publication. Please send any questions or comments about this story to [email protected]

Should you invest $ 1,000 in American ecology right now?

Before you consider US Ecology, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified the five stocks that top analysts quietly whisper to their clients to buy now before the broader market takes hold of… and US Ecology was not on the list.

While US Ecology currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better bets.

See the 5 actions here

Comments are closed.