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Clean Harbors Inc (NYSE:CLH) stock has touched a 52-week low of $186.48, with the current price at $190.03 amidst market fluctuations. According to InvestingPro data, the stock has declined 13.74% year-to-date, though analysts maintain price targets ranging from $220 to $300. This latest price level reflects a notable downturn from the company’s performance over the past year, with a 1-year change showing a decrease of 3.69%. Investors are closely monitoring Clean Harbors as it navigates through the challenges that have led to this recent low. InvestingPro analysis shows the company maintains a GOOD financial health score, with strong returns over the last five years. Discover 8 more key insights about CLH with an InvestingPro subscription, including detailed valuation metrics and growth indicators.
In other recent news, Clean Harbors has reported several key developments that are of interest to investors. Moody’s Ratings has upgraded Clean Harbors’ corporate family rating to Ba1 from Ba2, indicating an improvement in the company’s credit metrics driven by earnings growth and margin expansion, particularly in the environmental services segment. In terms of acquisitions, Clean Harbors expanded its field services business with the $400 million acquisition of HEPACO, which enhances its emergency response services capabilities. Analyst firms have also adjusted their outlooks on Clean Harbors. UBS lowered its price target to $240 while maintaining a Neutral rating, citing conservative growth projections for the Environmental Services segment. Similarly, Stifel reduced its price target to $285 but kept a Buy rating, pointing to new opportunities in emergency response projects and PFAS-related sales. TD Cowen also cut its price target to $300, maintaining a Buy rating, and noted the potential for positive estimate revisions despite recent guidance challenges. Lastly, Oppenheimer adjusted its target to $254, retaining an Outperform rating, and highlighted the company’s strong position for potential shareholder value creation through capital allocation and mergers and acquisitions. These developments reflect a range of analyst perspectives and market conditions impacting Clean Harbors.
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