Sotera Health (NASDAQ:SHC) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Sotera Health (NASDAQ:SHC) have earned an average rating of “Moderate Buy” from the seven brokerages that are currently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $16.08.

Several equities research analysts recently issued reports on the stock. The Goldman Sachs Group started coverage on shares of Sotera Health in a research report on Friday, December 6th. They issued a “neutral” rating and a $14.00 target price on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $17.00 price objective on shares of Sotera Health in a research note on Thursday, November 21st. Finally, Citigroup increased their target price on Sotera Health from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th.

Institutional Trading of Sotera Health

A number of institutional investors have recently added to or reduced their stakes in the business. Wedmont Private Capital raised its position in Sotera Health by 6.5% in the third quarter. Wedmont Private Capital now owns 10,915 shares of the company’s stock valued at $169,000 after purchasing an additional 664 shares during the period. First Citizens Bank & Trust Co. raised its holdings in shares of Sotera Health by 5.0% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 14,287 shares of the company’s stock valued at $239,000 after buying an additional 677 shares during the period. GAMMA Investing LLC lifted its position in Sotera Health by 125.0% during the 3rd quarter. GAMMA Investing LLC now owns 2,988 shares of the company’s stock worth $50,000 after acquiring an additional 1,660 shares in the last quarter. TD Asset Management Inc boosted its holdings in Sotera Health by 1.5% in the 2nd quarter. TD Asset Management Inc now owns 123,454 shares of the company’s stock worth $1,465,000 after acquiring an additional 1,800 shares during the period. Finally, New York State Teachers Retirement System boosted its holdings in Sotera Health by 3.5% in the 3rd quarter. New York State Teachers Retirement System now owns 53,500 shares of the company’s stock worth $893,000 after acquiring an additional 1,800 shares during the period. 91.03% of the stock is owned by hedge funds and other institutional investors.

Sotera Health Trading Down 0.4 %

Shares of Sotera Health stock opened at $13.62 on Friday. Sotera Health has a fifty-two week low of $10.71 and a fifty-two week high of $17.44. The business’s fifty day moving average is $14.05 and its two-hundred day moving average is $14.32. The company has a quick ratio of 2.61, a current ratio of 2.88 and a debt-to-equity ratio of 4.91. The firm has a market cap of $3.86 billion, a PE ratio of 54.48 and a beta of 1.96.

Sotera Health (NASDAQ:SHC) last released its earnings results on Tuesday, November 5th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.01). The business had revenue of $285.47 million for the quarter, compared to analysts’ expectations of $278.64 million. Sotera Health had a return on equity of 42.27% and a net margin of 6.31%. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.18 earnings per share. Analysts anticipate that Sotera Health will post 0.61 earnings per share for the current year.

Sotera Health Company Profile

Sotera Health Company engages in the provision of sterilization, lab testing, and advisory services in the United States and internationally. The company operates through three segments: Sterigenics, Nordion, and Nelson Labs. It provides mission-critical end-to-end sterilization services, including gamma and electron beam irradiation, and ethylene oxide processing, as well as designs, installs, and maintains gamma irradiation systems.