Stericycle Gets a Buy Rating from Stifel Nicolaus

By Ryan Adsit

In a report released today, Michael Hoffman from Stifel Nicolaus reiterated a Buy rating on Stericycle (NASDAQ: SRCL), with a price target of $85. The company’s shares closed yesterday at $67.82.

According to, Hoffman is a 4-star analyst with an average return of 8.2% and a 64.3% success rate. Hoffman covers the Basic Materials sector, focusing on stocks such as Advanced Disposal Services Inc, Greenhunter Energy Inc, and Heritage-Crystal Clean.

Currently, the analyst consensus on Stericycle is Hold and the average price target is $74.25, representing a 9.5% upside.

In a report issued on December 13, Jefferies also maintained a Buy rating on the stock with a $83 price target.

Based on Stericycle’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $883 million and quarterly net profit of $39.04 million. In comparison, last year the company earned revenue of $890 million and had a net profit of $64.8 million.

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Stericycle, Inc. engages in the provision of waste management services. It operates through the following segments: Domestic and Canada Regulated Waste and Compliance Services (RCS); International RCS; and Domestic CRS. The Domestic and Canada RCS segment manages medical and pharmaceutical waste disposal, hazardous wastes, and unused and expired inventory.