Zacks Investment Research Upgrades Advanced Disposal Services Inc (ADSW) to “Strong-Buy”
Advanced Disposal Services Inc (NASDAQ:ADSW) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Wednesday. The firm currently has a $29.00 price target on the stock. Zacks Investment Research‘s target price points to a potential upside of 13.50% from the company’s current price.
According to Zacks, “Advanced Disposal Services, Inc. is a waste management company. It offers waste collection, transfer, recycling and disposal services for residential, commercial and industrial customers. The company serves primarily in United States. Advanced Disposal Services, Inc. is based in Ponte Vedra, FL. “
A number of other analysts also recently weighed in on ADSW. Barclays PLC downgraded shares of Advanced Disposal Services from an “overweight” rating to an “equal weight” rating and set a $26.00 target price for the company. in a research report on Monday, August 7th. BidaskClub upgraded shares of Advanced Disposal Services from a “sell” rating to a “hold” rating in a report on Wednesday, September 27th. Stifel Nicolaus restated a “buy” rating and issued a $26.00 price target on shares of Advanced Disposal Services in a research report on Friday, July 28th. Finally, Deutsche Bank AG boosted their price target on shares of Advanced Disposal Services from $25.00 to $26.00 and gave the stock a “buy” rating in a research report on Monday, August 7th. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Advanced Disposal Services has an average rating of “Buy” and an average price target of $25.55.
Shares of Advanced Disposal Services (ADSW) traded down 3.581% on Wednesday, hitting $24.635. 929,957 shares of the stock traded hands. The stock’s market cap is $2.18 billion. The stock has a 50 day moving average of $24.75 and a 200-day moving average of $24.75. Advanced Disposal Services has a 1-year low of $18.32 and a 1-year high of $25.71.
Advanced Disposal Services (NASDAQ:ADSW) last issued its quarterly earnings data on Wednesday, August 2nd. The company reported $0.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.04. The company had revenue of $383.10 million during the quarter, compared to the consensus estimate of $372.78 million. Advanced Disposal Services had a negative return on equity of 0.10% and a negative net margin of 0.05%. The firm’s revenue was up 7.0% compared to the same quarter last year. During the same period last year, the company earned $0.10 earnings per share. On average, equities research analysts expect that Advanced Disposal Services will post $0.54 EPS for the current year.
In other Advanced Disposal Services news, insider Steven R. Carn sold 18,666 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $24.26, for a total value of $452,837.16. Following the transaction, the insider now directly owns 232,401 shares of the company’s stock, valued at $5,638,048.26. The sale was disclosed in a legal filing with the SEC, which is available through this link. Over the last three months, insiders sold 55,998 shares of company stock worth $1,372,138.
Several hedge funds have recently made changes to their positions in ADSW. Fairview Capital Investment Management LLC acquired a new stake in shares of Advanced Disposal Services during the 4th quarter worth approximately $38,087,000. Vanguard Group Inc. lifted its position in shares of Advanced Disposal Services by 82.3% during the 2nd quarter. Vanguard Group Inc. now owns 3,048,467 shares of the company’s stock valued at $69,291,000 after acquiring an additional 1,376,582 shares during the period. FMR LLC acquired a new position in shares of Advanced Disposal Services during the 4th quarter valued at $28,897,000. Alliancebernstein L.P. lifted its position in shares of Advanced Disposal Services by 83.8% during the 2nd quarter. Alliancebernstein L.P. now owns 2,700,487 shares of the company’s stock valued at $61,382,000 after acquiring an additional 1,231,117 shares during the period. Finally, Norges Bank acquired a new position in shares of Advanced Disposal Services during the 4th quarter valued at $23,599,000.
Advanced Disposal Services Company Profile
Advanced Disposal Services, Inc is an integrated provider of non-hazardous solid waste collection, transfer, recycling and disposal services operating primarily in secondary markets or under exclusive arrangements. The Company’s segments include South, East, Midwest and Corporate. As of December 31, 2016, the Company had its presence in 16 states across the Midwest, South and East regions of the United States, as well as in the Commonwealth of the Bahamas, served approximately 2.7 million residential customers and over 200,000 commercial and industrial (C&I) customers through its network of 90 collection operations, 72 transfer stations, 21 owned or operated recycling facilities and 39 owned or operated active landfills.
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