Clean Harbors Inc reaches 20-day high amid sector rotation
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 02 Jan 26
Source: NASDAQ.COM
Clean Harbors Inc's stock rose by 3.93% today, reaching a 20-day high. This movement occurs in the context of mixed market performance, with the Nasdaq-100 down 0.14% and the S&P 500 up 0.15%.
The increase in Clean Harbors' stock price is attributed to sector rotation, as investors are shifting their focus towards companies in the environmental services sector, despite the slight decline in the broader Nasdaq-100 index. This suggests that investors are seeking opportunities in sectors that may benefit from current economic conditions.
The stock's performance indicates a positive sentiment towards Clean Harbors, reflecting confidence in its business model and growth potential within the environmental services industry.
Analyst Views on CLH
Wall Street analysts forecast CLH stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for CLH is 246.82 USD with a low forecast of 220.00 USD and a high forecast of 275.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Analyst Rating
5 Buy
5 Hold
0 Sell
Moderate Buy
Current: 258.160
Low
220.00
Averages
246.82
High
275.00
Current: 258.160
Low
220.00
Averages
246.82
High
275.00
About CLH
Clean Harbors, Inc. is a provider of environmental and industrial services. The Company delivers a range of services, such as end-to-end hazardous waste management, emergency spill response, industrial cleaning and maintenance, and recycling services. Its Environmental Services segment offers an array of services to customers. It collects, transports, treats and disposes of hazardous and non-hazardous waste through its network of waste disposal facilities, including incinerators, landfills, treatment, storage and disposal facilities (TSDFs), wastewater treatment facilities and solvent recycling centers. Its Safety-Kleen Sustainability Solutions (SKSS) segment offerings span the lifecycle of sustainable lubricant products. It collects used oil which serves as feedstock for its oil re-refineries. At these facilities, it manufactures, formulates and packages lubricants which are returned to the marketplace. It also provides parts washers and environmental services to various customers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
