KeyBanc Maintains a Buy Rating on Harsco Corp.

By Jason Carr

In a report released today, Jeffrey Hammond from KeyBanc maintained a Buy rating on Harsco Corp. (NYSE: HSC), with a price target of $16. The company’s shares opened today at $13.40, close to its 52-week high of $14.10.

According to, Hammond is a 4-star analyst with an average return of 10.0% and a 59.1% success rate. Hammond covers the Industrial Goods sector, focusing on stocks such as Thermon Group Holdings Inc., Watts Water Technologies, and Manitowoc Foodservice.

Harsco Corp. has an analyst consensus of Strong Buy, with a price target consensus of $15.33.

Based on Harsco Corp.’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $368 million and GAAP net loss of $32.61 million. In comparison, last year the company earned revenue of $428 million and had a GAAP net loss of $8.25 million.

Based on the recent corporate insider activity of 11 insiders, corporate insider sentiment is neutral on the stock. Most recently, in August 2015, Nicholas Grasberger, the President & CEO of HSC bought 50,000 shares for a total of $586,000.

Harsco Corp. engages in the provision of industrial services and engineered products. It operates through the following segments: Harsco Metals and Materials, Harsco Industrial, and Harsco Rail. The Harsco Metals and Minerals segment provides on-site services of materials logistics, product quality improvement, and resource recovery for iron, steel, and metals manufacturing. The Harsco Industrial segment supplies custom-engineered and manufactures air-cooled heat exchangers; manufactures industrial grating products; and produces heat transfer products. The Harsco Rail segment includes equipment, after-market parts, and services for the maintenance, repair, and construction of railway track. The company was founded in 1853 and is headquartered in Camp Hill, PA.