Advanced Disposal Services Inc (ADSW) Receives Consensus Rating of “Buy” from Analysts
Advanced Disposal Services Inc (NASDAQ:ADSW) has earned a consensus rating of “Buy” from the fourteen research firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $25.11.
A number of equities research analysts have recently issued reports on the stock. BidaskClub cut shares of Advanced Disposal Services from a “hold” rating to a “sell” rating in a research report on Saturday, October 21st. Barclays PLC cut 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. Zacks Investment Research cut shares of Advanced Disposal Services from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 6th. Deutsche Bank AG boosted their target price on shares of Advanced Disposal Services from $25.00 to $26.00 and gave the company a “buy” rating in a research report on Monday, August 7th. Finally, Stifel Nicolaus downgraded Advanced Disposal Services from a “buy” rating to a “hold” rating and set a $26.00 price target for the company. in a research note on Wednesday, October 4th.
In other Advanced Disposal Services news, insider Steven R. Carn sold 18,666 shares of the business’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $23.89, for a total transaction of $445,930.74. Following the completion of the transaction, the insider now owns 213,735 shares of the company’s stock, valued at $5,106,129.15. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last three months, insiders have sold 55,998 shares of company stock valued at $1,372,138.
A number of hedge funds and other institutional investors have recently modified their holdings of ADSW. Nationwide Fund Advisors raised its stake in Advanced Disposal Services by 15.9% during the first quarter. Nationwide Fund Advisors now owns 13,109 shares of the company’s stock worth $296,000 after acquiring an additional 1,795 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Advanced Disposal Services by 13.7% during the first quarter. Bank of New York Mellon Corp now owns 79,430 shares of the company’s stock worth $1,796,000 after acquiring an additional 9,595 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Advanced Disposal Services by 40.9% during the first quarter. Ameriprise Financial Inc. now owns 59,250 shares of the company’s stock worth $1,339,000 after acquiring an additional 17,200 shares in the last quarter. American International Group Inc. acquired a new position in Advanced Disposal Services during the first quarter worth about $288,000. Finally, Neuberger Berman Group LLC acquired a new position in Advanced Disposal Services during the first quarter worth about $452,000.
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Advanced Disposal Services (NASDAQ:ADSW) traded up 2.60% during trading on Thursday, reaching $25.28. 84,760 shares of the company traded hands. The company’s 50-day moving average is $24.67 and its 200 day moving average is $24.67. The company’s market cap is $2.23 billion. Advanced Disposal Services has a 12 month low of $18.32 and a 12 month high of $25.71.
Advanced Disposal Services (NASDAQ:ADSW) last announced its earnings results on Wednesday, August 2nd. The company reported $0.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.04. The company had revenue of $383.10 million during the quarter, compared to analysts’ expectations of $372.78 million. Advanced Disposal Services had a negative net margin of 0.05% and a negative return on equity of 0.10%. Advanced Disposal Services’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.10 earnings per share. On average, analysts anticipate that Advanced Disposal Services will post $0.53 earnings per share for the current year.
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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