Canaccord Genuity Maintains a 'Buy' on U.S. Ecology (ECOL); Q3 Earnings Preview

Canaccord Genuity maintains a 'Buy' on U.S. Ecology (NASDAQ: ECOL) price target of $21.50.

Canaccord analyst, Eric Prouty, said, "We remain bullish on ECOL and continue to recommend purchase of the stock ahead of the company’s upcoming Q3 earnings report. In a challenging economic environment, ECOL is a good defensive name, in our view, offering attractive earnings growth and limited downside given the stock’s 4% dividend yield...We remain comfortable with our Q3 revenue/EPS estimates of $41.5M/$0.27, which are slightly more conservative than the consensus forecast of $42.4M/$0.28."

For more ratings news on U.S. Ecology click here and for the rating history of U.S. Ecology click here.

Shares of U.S. Ecology closed at $17.03 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Phillip Securities Reiterates Buy Rating on Sea Ltd. (SE)
• LeonaBio (LONA) Price Target Cut to $17 by Citizens Amid Pipeline Development
• UBS: 'We expect SpaceX shares to continue to trade on demand for tokens'