Shares of Advanced Emissions Solutions, Inc. (NASDAQ:ADES) have received a consensus rating of “Buy” from the six research firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $18.67.

ADES has been the topic of a number of analyst reports. HC Wainwright set a $18.00 price objective on shares of Advanced Emissions Solutions and gave the stock a “buy” rating in a research report on Wednesday, August 9th. Zacks Investment Research raised shares of Advanced Emissions Solutions from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research report on Friday, August 11th. ValuEngine downgraded shares of Advanced Emissions Solutions from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Advanced Emissions Solutions in a research report on Thursday, September 28th.

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Shares of Advanced Emissions Solutions (ADES) opened at 11.57 on Monday. The firm has a 50-day moving average of $10.22 and a 200-day moving average of $9.80. Advanced Emissions Solutions has a one year low of $7.43 and a one year high of $12.25. The stock has a market cap of $240.60 million, a PE ratio of 2.58 and a beta of 2.87.

Several institutional investors have recently modified their holdings of the company. California State Teachers Retirement System purchased a new position in shares of Advanced Emissions Solutions in the 2nd quarter worth approximately $343,000. The Manufacturers Life Insurance Company grew its position in Advanced Emissions Solutions by 13,343.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,476 shares of the industrial products company’s stock worth $160,000 after purchasing an additional 17,346 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in Advanced Emissions Solutions during the 2nd quarter worth approximately $345,000. BlueCrest Capital Management Ltd grew its position in Advanced Emissions Solutions by 247.3% during the 2nd quarter. BlueCrest Capital Management Ltd now owns 50,887 shares of the industrial products company’s stock worth $466,000 after purchasing an additional 36,235 shares during the last quarter. Finally, State Street Corp grew its position in Advanced Emissions Solutions by 1,604.4% during the 2nd quarter. State Street Corp now owns 253,958 shares of the industrial products company’s stock worth $2,327,000 after purchasing an additional 239,058 shares during the last quarter. 68.76% of the stock is currently owned by hedge funds and other institutional investors.

About Advanced Emissions Solutions

ADA-ES, Inc (ADA) 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. ADA’s wholly owned subsidiaries include Advanced Emissions Solutions, Inc, ADA Intellectual Property, LLC and ADA Environmental Solutions, LLC.

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