Why Clean Harbors, Inc. (NYSE:CLH) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $52.89 on Clean Harbors, Inc. (NYSE:CLH) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $0.70 for the next fiscal and $N/A for underway quarter. Valuation Estimates Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Clean Harbors, Inc. (NYSE:CLH) stands at 95.22. Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Clean Harbors, Inc. Common Stoc, the PEG ratio for coming 3-5 years is -5.65. Technical Analysis The technical analysis highlights that Clean Harbors, Inc. Common Stoc current price is trading $-1.05 points away -2.06% from $50.85, which stands as the 50-day moving average of the firm. The stock’s 200-day MA is $46.17 and, for now, the stock price is trading $3.63 or +7.86% away from that point. The 52-week high of Clean Harbors, Inc. (NYSE:CLH) was $54.54 while lowest point recorded in 52-week was $37.09. It implies if stock price makes a movement of over $-4.74, it will record a new 52-week high. In the case of $+34.27% points drop, it will touch a new 52-week low.

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