
Clean Harbors (CLH) Stock Forecast & Price Target
Clean Harbors (CLH) Analyst Ratings
Bulls say
Clean Harbors Inc. reported a 3% year-over-year increase in Environmental Services revenue, amounting to $1.331 billion, alongside an expected 5% growth in adjusted EBITDA for the full year, indicating steady operational performance. The company experienced a notable 12% year-over-year rise in Technical Services, driven by high incineration utilization and a significant 40% increase in landfill volumes. Furthermore, Clean Harbors demonstrated strong financial health with adjusted free cash flow reaching $230.6 million for the quarter, up markedly from previous periods, while cash and short-term marketable securities rose to $850 million, reflecting robust liquidity.
Bears say
Clean Harbors Inc has reported a 6% year-over-year decline in revenues for its Safety-Kleen Sustainability Solutions (SKSS) segment, attributed to weaker pricing for base oil and blended products, despite a rise in charge-for-oil (CFO). The company's Environmental Services (ES) segment also experienced a notable decline with a 4% drop in Industrial Services due to weakness in refinery and chemical markets, compounded by an 11% decrease in Field and Emergency Response Services revenues linked to fewer emergency incidents. Company-specific risks, such as potential economic slowdowns impacting industrial activity and waste production, alongside competitive pressures and regulatory uncertainties, are significant factors contributing to a negative outlook for Clean Harbors's stock performance.
This aggregate rating is based on analysts' research of Clean Harbors and is not a guaranteed prediction by Public.com or investment advice.
Clean Harbors (CLH) Analyst Forecast & Price Prediction
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