Needham & Company Reiterates a 'Buy' on Heritage-Crystal Clean (HCCI);
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Price: $45.51 --0%
Rating Summary:
3 Buy, 6 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
3 Buy, 6 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Needham & Company reiterates a 'Buy' on Heritage-Crystal Clean (NASDAQ: HCCI) price target of $24.00.
Analyst, Sean K. F. Hannan, said, "We believe that Heritage-Crystal Clean remains in the early stages of substantial growth as we see its re-refining opportunity blossoming. We expect this to be a key growth driver for the next two years at a minimum until the next round of growth emerges, which we think could come from potential facility expansion, new construction, or some combination of the two. Consequently, we remain confident in a sharp earnings trajectory into 2013 and reiterate our rating."
"Our 1Q estimates revised to $50M & $0.01, vs. our prior $43.5 & $0.01. Our ’12 model is now $227M & $0.59 vs. prior $215M & $0.60 while ’13 adjusted to $285M & $1.33 vs. prior $263M & $1.29. We raise our prior ’13E EBITDA of $41M to $48M."
For an analyst ratings summary and ratings history on Heritage-Crystal Clean click here. For more ratings news on Heritage-Crystal Clean click here.
Shares of Heritage-Crystal Clean closed at $21.15 yesterday.
Analyst, Sean K. F. Hannan, said, "We believe that Heritage-Crystal Clean remains in the early stages of substantial growth as we see its re-refining opportunity blossoming. We expect this to be a key growth driver for the next two years at a minimum until the next round of growth emerges, which we think could come from potential facility expansion, new construction, or some combination of the two. Consequently, we remain confident in a sharp earnings trajectory into 2013 and reiterate our rating."
"Our 1Q estimates revised to $50M & $0.01, vs. our prior $43.5 & $0.01. Our ’12 model is now $227M & $0.59 vs. prior $215M & $0.60 while ’13 adjusted to $285M & $1.33 vs. prior $263M & $1.29. We raise our prior ’13E EBITDA of $41M to $48M."
For an analyst ratings summary and ratings history on Heritage-Crystal Clean click here. For more ratings news on Heritage-Crystal Clean click here.
Shares of Heritage-Crystal Clean closed at $21.15 yesterday.
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