US Ecology Receives a Buy from Stifel Nicolaus

By Austin Angelo

In a report issued on July 28, Michael Hoffman from Stifel Nicolaus reiterated a Buy rating on US Ecology (NASDAQ: ECOL), with a price target of $60. The company’s shares closed on Friday at $53.05, close to its 52-week high of $55.

According to TipRanks.com, Hoffman is a 4-star analyst with an average return of 6.8% and a 68.5% success rate. Hoffman covers the Basic Materials sector, focusing on stocks such as Advanced Disposal Services Inc, Greenhunter Energy Inc, and Heritage-Crystal Clean.

US Ecology has an analyst consensus of Moderate Buy, with a price target consensus of $58.

Based on US Ecology’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $126 million and quarterly net profit of $5.05 million. In comparison, last year the company earned revenue of $122 million and had a net profit of $8.94 million.

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US Ecology, Inc. is a radioactive and hazardous waste services company, which provides industrial waste management and recycling services to commercial and government entities, including refineries and chemical production facilities, manufacturers, electric utilities, steel mills, medical and academic institutions and waste brokers. It operates through the Environmental Services and Field and Industrial Services segments. The Environmental Service segment provides a broad range of hazardous material management services including the transportation, recycling, treatment, and disposal of hazardous and non-hazardous waste at company-owned landfills, wastewater, and other treatment facilities. The Field and Industrial Services segment offers packaging and collection of hazardous waste and total waste management solutions at customer sites and through its 10-day storage facilities. The company was founded in 1952 and is headquartered in Boise, ID.