ADA-ES Upgraded to “Neutral” at Zacks (ADES)
ADA-ES (NASDAQ:ADES) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a note issued to investors on Tuesday, ARN reports. The firm currently has a $40.20 price objective on the stock. Zacks‘ price target would indicate a potential upside of 4.58% from the company’s current price.
Separately, analysts at Robert W. Baird raised their price target on shares of ADA-ES from $32.00 to $49.00 in a research note to investors on Thursday, August 8th. They now have an “outperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. ADA-ES currently has a consensus rating of “Buy” and a consensus price target of $46.64.
ADA-ES (NASDAQ:ADES) traded down 1.94% during mid-day trading on Tuesday, hitting $38.44. The stock had a trading volume of 64,090 shares. ADA-ES has a 52-week low of $13.88 and a 52-week high of $44.62. The stock has a 50-day moving average of $40.30 and a 200-day moving average of $36.35. The company’s market cap is $388.6 million.
ADA-ES (NASDAQ:ADES) last released its earnings data on Wednesday, August 7th. The company reported ($0.32) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.12) by $0.20. The company had revenue of $58.93 million for the quarter, compared to the consensus estimate of $63.62 million. During the same quarter in the prior year, the company posted ($0.26) earnings per share. The company’s quarterly revenue was up 12.2% on a year-over-year basis. On average, analysts predict that ADA-ES will post $0.05 earnings per share for the current fiscal year.
ADA-ES, Inc (NASDAQ:ADES) develops, offers, and implements environmental technologies and provides equipment and specialty chemicals that enable coal-fueled power plants to meet emissions regulations by enhancing existing air pollution control equipment.
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