Research Reports Initiation on Industrial Goods Stocks -- Stericycle, Covanta, Interface, and Energy Recovery

Sep 15, 2016, 08:00 ET from Chelmsford Park SA

NEW YORK, September 15, 2016 /PRNewswire/ -- shifts its attention back to the Industrial Goods space which is driven by the supply and demand for building construction and manufactured products. Companies under review are: Stericycle Inc. (NASDAQ: SRCL), Covanta Holding Corp. (NYSE: CVA), Interface Inc. (NASDAQ: TILE), and Energy Recovery Inc. (NASDAQ: ERII). Learn more about these stocks by downloading their free report at:


Lake Forest, Illinois headquartered Stericycle Inc.'s stock finished Wednesday's session 0.66% lower at $81.60. A total volume of 1.28 million shares was traded, which was above their three months average volume of 1.13 million shares. The Company's shares are trading 12.13% below their 50-day moving average. Additionally, shares of Stericycle, which together with its subsidiaries, provides regulated and compliance solutions to the healthcare, retail, and commercial businesses in the United States and internationally, have a Relative Strength Index (RSI) of 24.60.

On August 11th, 2016, Stericycle announced that its board of directors has declared a dividend of $13.125 per share on the company's 5.25% Series A Mandatory Convertible Preferred Stock, to be paid in cash on September 15th, 2016, to holders of record as of September 1st, 2016.  This equates to $1.3125 per depositary share, each of which represents a 1/10th interest in a share of the mandatory convertible preferred stock.

On September 09th, 2016, research firm Imperial Capital reiterated its 'Underperform' rating on the Company's stock with a decrease of the target price from $93.50 a share to $80 a share. The free research report on SRCL is available at:

Covanta Holding  

On Wednesday, shares in Morristown, New Jersey headquartered Covanta Holding Corp. recorded a trading volume of 872,559 shares, which was above their three months average volume of 865,100 shares. The stock ended the session 0.41% lower at $14.71. The Company's shares are trading 4.37% below their 200-day moving average. Moreover, shares of Covanta Holding, which through its subsidiaries, provides waste and energy services to municipal entities primarily in the US and Canada, have an RSI of 35.41.

On August 26th, 2016, research firm Macquarie initiated a 'Neutral' rating on the Company's stock, issuing a target price of $18 per share.

On September 08th, 2016, Covanta new waste supply agreements for the Dublin Waste-to-Energy Facility that put 90% of the facility's waste processing capacity under contract.  When complete, the Dublin facility will process approximately 600,000 metric tonnes of waste annually and will generate clean energy to supply 80,000 homes, reducing Ireland's reliance on imported fossil fuel. The complimentary report on CVA can be downloaded at:


Shares in Atlanta, Georgia headquartered Interface Inc. closed the day 0.95% lower at $16.74. The stock recorded a trading volume of 404,076 shares. The Company's shares have gained 0.24% in the last month. The stock is trading 0.09% above its 50-day moving average. Additionally, shares of Interface, which designs, produces, and sells modular carpet products primarily in the Americas, Europe, and the Asia-Pacific, have an RSI of 43.01. Visit us today and download our complete research report on TILE for free at:

Energy Recovery  

At the close, shares in San Leandro, California headquartered Energy Recovery Inc. ended at $13.64, jumping 5.33%. The stock recorded a trading volume of 775,945 shares, which was above its three months average volume of 595,770 shares. The Company's shares have advanced 5.82% in the last one month, 45.11% in the previous three months, and 92.93% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 19.48% and 45.19%, respectively. Furthermore, shares of Energy Recovery, which provides energy solutions to industrial fluid flow markets worldwide, have an RSI of 64.50.

On September 06th, 2016, Energy Recovery announced the expansion of its Board of Directors with the appointment of Mr. Sherif Foda. The company stated that Mr. Foda brings with him over two decades of senior-level management experience in the oil and gas industry as well as world-class expertise in the development and application of new technologies. Mr. Foda was previously an Executive Officer and Group President of Production at Schlumberger.

On September 13th, 2016, research firm Jefferies upgraded the Company's stock rating from 'Hold' to 'Buy'. The research firm also revised upwards its previous target price from $8 to $20. Get free access to your technical report on ERII at:


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