Last Updated: 08 Nov 2024
Executive Summary
Clean Harbors Inc. (CLH) is a leading provider of environmental and industrial services in North America. The company has a strong financial position, with a market capitalization of $13.99 billion and an EBITDA of $1.07 billion. CLH's trailing PE ratio of 31.44 is higher than the industry average, but its forward PE ratio of 30.58 is more attractive. The company's stock price has been trading within a range of $155.95 to $267.11 over the past 52 weeks. The latest stock price is $259.3.
Company Overview
Clean Harbors was founded in 1980 and is headquartered in Norwell, Massachusetts. The company provides a range of environmental services, including hazardous waste management, industrial cleaning, and emergency response. Clean Harbors also provides industrial services, such as equipment rental, maintenance, and repair. The company operates in the United States, Canada, and Mexico.
Fundamental Analysis
Clean Harbors has a strong financial position. The company's revenue has grown at a CAGR of 6.5% over the past five years. In 2023, the company reported revenue of $5.79 billion and net income of $417.2 million. Clean Harbors has a strong balance sheet, with total assets of $4.6 billion and total liabilities of $2.3 billion. The company's debt-to-equity ratio is 0.53, which is below the industry average.
Clean Harbors is a profitable company. The company's gross profit margin is 27.8%, and its operating profit margin is 12.6%. The company's net profit margin is 7.2%. Clean Harbors has a strong return on equity of 17.7%.
Technical Analysis
Clean Harbors' stock price has been trading within a range of $155.95 to $267.11 over the past 52 weeks. The stock price is currently trading at $259.3. The stock's 50-day moving average is $246.12, and its 200-day moving average is $216.94. The stock's relative strength index (RSI) is 55.14, which indicates that the stock is neither overbought nor oversold.
Short Term Outlook
The short-term outlook for Clean Harbors is positive. The company's stock price is trading above its 50-day and 200-day moving averages. The stock's RSI is also in a neutral range. These technical indicators suggest that the stock is likely to continue to trade within its current range in the short term.
Long Term Outlook
The long-term outlook for Clean Harbors is also positive. The company's strong financial position and its growing revenue and earnings suggest that the company is well-positioned for continued growth. The company's stock price is currently trading at a discount to its analyst target price of $268.34. This suggests that the stock has the potential to appreciate in value over the long term.
Analyst Recommendations
The majority of analysts have a buy rating on Clean Harbors. Six analysts have a strong buy rating on the stock, five analysts have a buy rating, and two analysts have a hold rating. No analysts have a sell rating or a strong sell rating on the stock. The consensus analyst target price for Clean Harbors is $268.34.
