Sotera Health (NASDAQ:SHC) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Sotera Health (NASDAQ:SHC) have earned a consensus recommendation of “Moderate Buy” from the seven brokerages that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $16.08.

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

Institutional Investors Weigh In On Sotera Health

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wedmont Private Capital grew its position in shares of Sotera Health by 6.5% during the 3rd quarter. Wedmont Private Capital now owns 10,915 shares of the company’s stock worth $169,000 after buying an additional 664 shares during the period. First Citizens Bank & Trust Co. grew its holdings in Sotera Health by 5.0% during the third quarter. First Citizens Bank & Trust Co. now owns 14,287 shares of the company’s stock valued at $239,000 after purchasing an additional 677 shares during the period. GAMMA Investing LLC grew its holdings in Sotera Health by 37.5% during the fourth quarter. GAMMA Investing LLC now owns 4,109 shares of the company’s stock valued at $56,000 after purchasing an additional 1,121 shares during the period. TD Asset Management Inc boosted its position in shares of Sotera Health by 1.5% during the second quarter. TD Asset Management Inc now owns 123,454 shares of the company’s stock worth $1,465,000 after purchasing an additional 1,800 shares in the last quarter. Finally, New York State Teachers Retirement System boosted its position in shares of Sotera Health by 3.5% during the third quarter. New York State Teachers Retirement System now owns 53,500 shares of the company’s stock worth $893,000 after purchasing an additional 1,800 shares in the last quarter. Institutional investors own 91.03% of the company’s stock.

Sotera Health Trading Down 0.7 %

Shares of SHC opened at $13.39 on Friday. The company has a debt-to-equity ratio of 4.91, a quick ratio of 2.61 and a current ratio of 2.88. The company has a market cap of $3.79 billion, a price-to-earnings ratio of 53.56 and a beta of 1.92. The stock has a fifty day moving average price of $13.79 and a two-hundred day moving average price of $14.38. Sotera Health has a 52-week low of $10.71 and a 52-week high of $17.44.

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

About Sotera Health

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.