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Investing.com - Raymond James lowered its price target on Clean Harbors (NYSE:CLH) to $270 from $277 while maintaining a Strong Buy rating on the stock. The adjustment comes as CLH shares have taken a significant hit, falling 10.54% over the past week to $217.92, according to InvestingPro data.
The firm cited an uncertain industrial and base oil backdrop in its analysis, though it noted that overall trends for the company remain solid. Despite these challenges, Clean Harbors maintains a "Good" financial health score of 2.54 on InvestingPro’s metrics.
Raymond James highlighted potential upside from improving industry dynamics that could lead to better pricing and margins over time, along with additional resources for mergers, acquisitions, or share buybacks. The company has demonstrated solid growth with revenue increasing 5.49% over the last twelve months.
The firm also pointed to Clean Harbors’ potential to benefit substantially from new PFAS regulations, which could increase environmental clean-up and contaminant destruction activity, benefiting both Field and Technical Services segments. This growth potential is significant for a company that operates with a moderate level of debt and maintains liquid assets exceeding short-term obligations.
Raymond James noted that Clean Harbors shares are trading at approximately 10 times its estimated 2027 EBITDA, which it described as the least expensive in the group and below industry transactions. Currently, the stock trades at a P/E ratio of 32.66 and appears slightly overvalued based on InvestingPro’s Fair Value assessment. Analysts maintain a bullish consensus with price targets ranging from $245 to $305. Discover 8 more exclusive ProTips and comprehensive analysis in the Pro Research Report, available for Clean Harbors and 1,400+ top US stocks.
In other recent news, Clean Harbors Inc . announced its third-quarter earnings for 2025, which did not meet analyst expectations. The company reported an earnings per share (EPS) of $2.21, falling short of the anticipated $2.40. Revenue for the quarter was $1.55 billion, slightly below the forecasted $1.57 billion. These financial results were closely watched by investors and analysts alike. Despite the missed estimates, Clean Harbors continues to be a focal point for market analysts. There were no recent upgrades or downgrades reported by major analyst firms. The recent developments highlight the importance of earnings and revenue metrics for investors. As Clean Harbors navigates these results, the company remains under the scrutiny of the financial community.
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