Wedbush Securities downgraded the environmental services provider to "neutral" from "outperform" with a $50 price target. The firm also cut estimates, noting a recovery in fundamentals could take time.
Oppenheimer also downgraded the stock to "perform" from "outperform," due to poor execution and the lack of visibility.
The Norwell, Mass-based business plunged on Wednesday after reporting quarterly net income of 44 cents a share, 11 cents lower than analysts surveyed by Thomson Reuters had expected. The company also downwardly revised its first-quarter guidance due to the impact of recent harsh weather.
Also See: Clean Harbors Reports Q4
TheStreet Ratings team rates CLEAN HARBORS INC as a Buy with a ratings score of B. The team has this to say about their recommendation:
"We rate CLEAN HARBORS INC (CLH) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, good cash flow from operations and compelling growth in net income. We feel these strengths outweigh the fact that the company shows low profit margins."
- You can view the full analysis from the report here: CLH Ratings Report