Why Stericycle, Inc. (NASDAQ:SRCL) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $102.28 on Stericycle, Inc. (NASDAQ:SRCL) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $4.69 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 Stericycle, Inc. (NASDAQ:SRCL) stands at 29.81.

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 Stericycle, Inc., the PEG ratio for coming 3-5 years is 1.53.

Technical Analysis

The technical analysis highlights that Stericycle, Inc. current is trading $-10.17 points away or -10.72% from its 50-day moving average of $94.86. Further it is trading $-21.39 or -20.16% away its 200-day moving average of $106.08.

The 52-week high of Stericycle, Inc. (NASDAQ:SRCL) was $151.57 while lowest point recorded in 52-week was $81.99. It implies if stock price makes a movement of over $-66.88, it will record a new 52-week high. In the case of +3.29% drop, it will touch a new 52-week low.

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