KeyBanc Upgrades Harsco to Buy (HSC)
Harsco (NYSE: HSC) was upgraded by research analysts at KeyBanc (NYSE: KEY) from a “hold” rating to a “buy” rating in a report released on Thursday. The firm currently has a $27.00 target price on the stock.
Shares of Harsco traded down 1.42% during mid-day trading on Thursday, hitting $20.13. Harsco has a 52 week low of $17.77 and a 52 week high of $34.16. The company’s market cap is $1.621 billion.
Harsco last announced its earnings results on Wednesday, May 2nd. The company reported $0.07 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.04 by $0.03. The company’s quarterly revenue was down 3.5% on a year-over-year basis. On average, analysts predict that Harsco will post $0.50 earnings per share next quarter.
A number of other firms have also recently commented on HSC. Analysts at Jefferies Group (NYSE: JEF) reiterated a “hold” rating on shares of Harsco in a research note to investors on Friday, May 4th. Finally, analysts at Buckingham Research upgraded shares of Harsco from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday, March 7th.
Harsco Corporation is a diversified, multinational provider of industrial services and engineered products.