Advanced Emissions Solutions (NASDAQ:ADES) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday.

Several other equities research analysts have also commented on the stock. Canaccord Genuity reissued a “buy” rating and set a $20.00 price objective on shares of Advanced Emissions Solutions in a research note on Thursday, September 28th. Zacks Investment Research lowered shares of Advanced Emissions Solutions from a “hold” rating to a “strong sell” rating in a research note on Friday, November 10th. Finally, HC Wainwright reissued a “buy” rating and set a $18.00 price objective on shares of Advanced Emissions Solutions in a research note on Wednesday, November 8th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $17.00.

Advanced Emissions Solutions (NASDAQ:ADES) traded up $0.10 during trading hours on Wednesday, reaching $8.12. 165,128 shares of the company traded hands, compared to its average volume of 111,051. Advanced Emissions Solutions has a 1-year low of $7.65 and a 1-year high of $12.25. The company has a market capitalization of $184.96, a price-to-earnings ratio of 5.59 and a beta of 2.66.

Advanced Emissions Solutions (NASDAQ:ADES) last posted its quarterly earnings data on Monday, November 6th. The industrial products company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.43). Advanced Emissions Solutions had a return on equity of 45.61% and a net margin of 249.58%. The business had revenue of $2.29 million for the quarter, compared to the consensus estimate of $8.30 million. analysts expect that Advanced Emissions Solutions will post 1.29 EPS for the current year.

Advanced Emissions Solutions declared that its Board of Directors has initiated a stock repurchase program on Monday, December 4th that permits the company to repurchase $10.00 million in outstanding shares. This repurchase authorization permits the industrial products company to reacquire shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp lifted its stake in shares of Advanced Emissions Solutions by 40.4% in the first quarter. Bank of New York Mellon Corp now owns 16,543 shares of the industrial products company’s stock worth $158,000 after buying an additional 4,757 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Advanced Emissions Solutions by 13,343.1% in the second quarter. The Manufacturers Life Insurance Company now owns 17,476 shares of the industrial products company’s stock worth $160,000 after buying an additional 17,346 shares in the last quarter. Dimensional Fund Advisors LP bought a new position in shares of Advanced Emissions Solutions in the third quarter worth approximately $206,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Advanced Emissions Solutions in the third quarter worth approximately $244,000. Finally, New York State Common Retirement Fund bought a new position in shares of Advanced Emissions Solutions in the second quarter worth approximately $205,000. Hedge funds and other institutional investors own 71.29% of the company’s stock.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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