How to Buy Clean Harbors Stock
Clean Harbors Inc
Clean Harbors is a waste management company located in Massachusetts, United States, which is part of the Industrials sector, and is traded under the ticker CLH on the NYSE exchange.
Clean Harbors stock last closed at $194.00, down 0.33% from the previous day, and has increased 36.33% in one year. It has overperformed other stocks in the Waste Management industry by 0.13 percentage points. Clean Harbors stock is currently +49.58% from its 52-week low of $129.70, and -4.93% from its 52-week high of $204.06.
As of Apr 26, 2024, there are 53.94M shares of CLH outstanding. The market value of CLH is $10.46B. In the past 24 hours, 277,281 CLH shares were traded.
How to Buy Clean Harbors Stock
Wondering how to invest in Clean Harbors stock? Here's how.
- Figure out where to buy Clean Harbors stock: You need to choose an online brokerage, but don't worry - we've tested dozens of online stock brokerages and apps to help you decide where to buy Clean Harbors stock.
- Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Deposit funds into your investment account: Pick your payment method and add your information.
- Analyze Clean Harbors stock: The Clean Harbors ticker symbol is CLH. Is Clean Harbors stock a good investment? Should you buy shares of CLH? How do CLH's underlying business fundamentals look? Do top analysts think Clean Harbors is a good buy? Why has CLH's stock price moved recently? (Hint: Our stock analysis website can help you evaluate if CLH is a good stock to buy).
- Make your CLH trade: Decide if you will purchase CLH shares at the current market price or use a limit order to purchase CLH stock at a particular price.
- Get notifications regarding your CLH position: Create a watchlist to important updates regarding your investment in Clean Harbors shares.
Step 1: Figure out where to buy Clean Harbors stock
You need an online brokerage account in order to access the NYSE market and buy CLH stock.
Our favorite brokerage: eToro
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Get $10 towards your purchase of stock by creating an account with eToro now.
Open eToro AccountStep 2: Open a brokerage account
Now that you've chosen the best brokerage, you need to fill out some personal info so you can buy CLH stock today.
How to Create a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal details to open your new brokerage account.
- Send your information by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your investment account
Now that you have created your account on stock market apps, your next step is to transfer the money for your investment:
Watch the walkthrough below to see the process of transferring funds into your new brokerage account.
Step 4: Analyze Clean Harbors stock
After you have decided on the best place to buy Clean Harbors stock, it's critical to evaluate their stock before you invest, so you truly comprehend the risk as well as the opportunity.
Clean Harbors quick stats
Fundamentals of Clean Harbors
WallStreetZen was designed to help everyday investors do more in-depth fundamental analysis in less time.
You can see all of the due diligence checks on CLH's stock page.
Is CLH stock undervalued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge CLH's true value.
Using relative valuations methods:
- CLH may be overvalued based on its P/E ratio of 27.75x, relative to Waste Management industry P/E ratio of 19.03x
- CLH may be undervalued based on its P/B ratio of 4.66x, relative to Waste Management industry P/B ratio of 5.8x
- CLH could be overvalued based on its PEG ratio of 3.5x
You can do additional valuation analysis on CLH's stock here.
CLH Financial Health Overview
Passed Health Checks:
- CLH's operating cash flow of $734.55M allows it to safely service it's debt of $2.49B.
- CLH earnings of $611.87M is not enough to cover its interest payments.
- There are more short-term assets than short-term liabilities on the CLH balance sheet.
- Total CLH debt is lower than 5 years ago, relative to shareholder equity.
Failed Health Checks:
- CLH has a relatively high debt to equity ratio of 1.84.
- There are more long-term liabilities than short-term assets on the CLH balance sheet.
- CLH profit margin has gone down from 8% to 7% in the past year.
Is it a good time to buy CLH stock, according to Wall Street analysts?
Out of 8 Equities analysts who track CLH, the consensus analyst rating on Clean Harbors is a Strong Buy
It's important to keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.
Latest CLH Analyst Forecasts
Noah Kaye, a top 22% analyst from Oppenheimer maintains CLH with a buy rating and raises their CLH price target from $178.00 to $200.00, on Feb 22, 2024.
John Mazzoni, a top 40% analyst from Wells Fargo initiates coverage on CLH with a strong buy rating and announces their CLH price target of $190.00, on Dec 8, 2023.
Patrick Brown, a top 1% analyst from Raymond James maintains CLH with a strong buy rating and lowers their CLH price target from $200.00 to $190.00, on Nov 2, 2023.
You can dive deeper into what analysts are saying on the Clean Harbors stock forecast page.
CLH Momentum
CLH Growth Numbers
Last year, CLH earnings were $377.86M. In the last 5 year, CLH's earnings have gone up by 42.97% per year. This was faster than the Waste Management industry average of 9.54%.
Last year, CLH revenue was $5.41B. Over the last 5 year, CLH's revenue has grown by 10.39% per year. This was faster than the Waste Management industry average of 10.09%.
You can analyze CLH's earnings and revenue performance here.
Are CLH insiders buying or selling the stock?
In the past 12 months, insiders at CLH have sold more shares than they have bought.
Eric J. Dugas, EVP CHIEF FINANCIAL OFFICER of CLH, was the latest CLH insider to sell. They sold $47,683.68 worth of CLH stock on Apr 1, 2024.
Get more info about who owns CLH shares here.
Does CLH provide a stable income stream?
No, Clean Harbors doesn't provide an income stream by paying out dividends.
CLH Social Trading Data
One of the biggest reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other investors have to say.
Step 5: Make your CLH trade
There are two primary types of orders:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are usually fine. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at an exact dollar amount limit, use a limit order.
Press the Open Trade button and eToro will execute your order.
If you want more help with investing in stocks on eToro, click the how to video below:
Step 6: Get notifications regarding your CLH position
Now that you own some CLH shares, you'll want to keep up with your investment.
Make a watchlist to track the latest developments regarding your CLH stock.
CLH Feed
How to Buy Stock in Clean Harbors
To summarize, here are the 6 steps to buy stock in Clean Harbors:
- Figure out where to buy Clean Harbors stock
- Open a brokerage account
- Deposit funds into your investment account
- Analyze Clean Harbors stock
- Make your CLH trade
- Get notifications regarding your CLH position
If you are looking for a online brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you want to get updates on your new investment in Clean Harbors, create a watchlist on WallStreetZen today.
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