Key Stats for Clean Harbors Stock
- Price change for Clean Harbors stock: 1%
- $CLH Stock Price as of Apr. 8: $303
- 52-Week High: $317
- $CLH Stock Price Target: $306
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What Happened?
Clean Harbors (CLH) stock jumped on Wednesday after Citi upgraded the stock from Neutral to Buy, lifting its price target from $302 to $346.
The bank’s analyst Bryan Burgmeier argued that rising U.S. chemicals production could drive stronger demand for hazardous waste disposal — and that the market hasn’t fully priced that in yet.
The logic is straightforward.
- More chemical output means more complex waste streams.
- Clean Harbors handles that waste through its environmental services segment, which is already the company’s most profitable business.
- Higher-complexity waste also commands premium pricing, which could push margins above the company’s own guidance.
Citi now expects Clean Harbors to generate around $1.3 billion in EBITDA in 2026, above the company’s guidance, with free cash flow near $566 million.
There’s a second tailwind, too. Stronger oil prices — partly driven by Middle East supply disruptions — tend to lift margins in Clean Harbors’ Safety-Kleen segment, which re-refines used motor oil into lubricants.
Citi expects that segment to see meaningful earnings growth as pricing flows through the year.
The upgrade wasn’t the only positive note.
- Goldman Sachs raised its price target on Clean Harbors stock from $268 to $306, and
- BMO Capital Markets lifted its target to $310 with an Outperform rating.
- The average analyst price target now sits at $308.
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What the Market Is Telling Us About Clean Harbors Stock
Clean Harbors stock has had a strong run — up from a 52-week low to over $304 today.
Yet Citi’s point is that it hasn’t kept up with the recent rally in U.S. chemical stocks, which have surged while Clean Harbors posted only modest gains. That gap is what the upgrade is essentially flagging.
The company’s Q4 results, reported in February, backed up the bullish case.
- Revenue topped $6 billion for the first time ever, and
- the company posted record free cash flow of $509 million.
- Its environmental services segment has now delivered 15 straight quarters of year-over-year EBITDA margin growth.
The main risks are a slowdown in industrial activity or a drop in oil prices. But with the chemicals outlook improving and Clean Harbors stock still trading below its 52-week high, analysts see more room to run.
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
