Harsco Corporation (HSC) was a big mover last session, as the company saw its shares rise roughly 8% on the day. The upside was driven by its rating upgrade by Jefferies to "buy" from "hold", with its price target raised to $23 from $16. This led to solid volume too with far more shares changing hands than in a normal session. Yesterday’s rally breaks the recent trend of the company, as the stock is now trading above the volatile price range of $15.95 to $17.00 in the past one-month time frame.
In the last 30 days, the company witnessed one negative estimate revision and the Zacks Consensus Estimate also moved lower over the same time frame, signaling trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s move higher can last.
Harsco Corporation currently carries a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
A better-ranked stock in the industrial services industry is HD Supply Holdings, Inc. (HDS), which carries a Zacks Rank #2 (Buy).
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