why Sotera Health Co [SHC] is a Good Choice for Investors After New Price Target of $15.00

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Sotera Health Co [NASDAQ: SHC] jumped around 0.11 points on Thursday, while shares priced at $11.33 at the close of the session, up 1.03%.

Compared to the average trading volume of 1.89M shares, SHC reached a trading volume of 4487438 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Sotera Health Co [SHC]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SHC shares is $15.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SHC stock is a recommendation set at 1.71. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Citigroup have made an estimate for Sotera Health Co shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 03, 2024. While these analysts kept the previous recommendation, Jefferies raised their target price from $15 to $15.50. The new note on the price target was released on March 25, 2024, representing the official price target for Sotera Health Co stock.

The Average True Range (ATR) for Sotera Health Co is set at 0.41, with the Price to Sales ratio for SHC stock in the period of the last 12 months amounting to 2.98. The Price to Book ratio for the last quarter was 7.47, with the Price to Cash per share for the same quarter was set at 0.93.

How has SHC stock performed recently?

Sotera Health Co [SHC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.85. With this latest performance, SHC shares dropped by -0.79% in over the last four-week period, additionally sinking by -16.63% over the last 6 months – not to mention a drop of -22.98% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SHC stock in for the last two-week period is set at 46.44, with the RSI for the last a single of trading hit 51.39, and the three-weeks RSI is set at 43.33 for Sotera Health Co [SHC]. The present Moving Average for the last 50 days of trading for this stock 12.13, while it was recorded at 11.27 for the last single week of trading, and 14.46 for the last 200 days.

Sotera Health Co [SHC]: Deeper insight into the fundamentals

Sotera Health Co’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.84 and a Current Ratio set at 3.20.

Earnings analysis for Sotera Health Co [SHC]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SHC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Sotera Health Co go to 14.20%.

Insider trade positions for Sotera Health Co [SHC]

The top three institutional holders of SHC stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in SHC stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in SHC stock with ownership which is approximately 5.8386%.