Advanced Disposal Services (NYSE:ADSW) was upgraded by equities researchers at Stifel Nicolaus from a “hold” rating to a “buy” rating in a note issued to investors on Monday, Marketbeat reports. The firm currently has a $28.00 price target on the stock, up from their prior price target of $26.00. Stifel Nicolaus’ price target points to a potential upside of 21.58% from the stock’s current price.

ADSW has been the topic of several other research reports. Zacks Investment Research upgraded shares of Advanced Disposal Services from a “hold” rating to a “strong-buy” rating and set a $29.00 price target on the stock in a report on Wednesday, October 4th. BidaskClub downgraded shares of Advanced Disposal Services from a “hold” rating to a “sell” rating in a report on Saturday, October 21st. Credit Suisse Group cut their price target on shares of Advanced Disposal Services from $28.00 to $27.00 and set an “outperform” rating on the stock in a report on Friday, November 3rd. Finally, KeyCorp assumed coverage on shares of Advanced Disposal Services in a report on Thursday, November 30th. They issued a “sector weight” rating on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. Advanced Disposal Services currently has an average rating of “Hold” and a consensus price target of $26.38.

Shares of Advanced Disposal Services (ADSW) traded up $0.51 during trading hours on Monday, reaching $23.03. 750,092 shares of the company traded hands, compared to its average volume of 352,320. Advanced Disposal Services has a one year low of $19.23 and a one year high of $25.71. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 2.25. The firm has a market cap of $2,040.00 and a P/E ratio of 40.21.

Advanced Disposal Services (NYSE:ADSW) last issued its quarterly earnings results on Wednesday, November 1st. The company reported $0.16 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.01). Advanced Disposal Services had a positive return on equity of 5.84% and a negative net margin of 1.61%. The business had revenue of $392.70 million during the quarter, compared to analyst estimates of $383.11 million. During the same quarter last year, the company posted $0.06 EPS. Advanced Disposal Services’s quarterly revenue was up 8.9% compared to the same quarter last year. research analysts anticipate that Advanced Disposal Services will post 0.51 EPS for the current year.

In other news, major shareholder Highstar Capital Lp sold 19,998,544 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $21.77, for a total transaction of $435,368,302.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Steven R. Carn sold 18,666 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $24.60, for a total transaction of $459,183.60. Following the sale, the insider now directly owns 176,403 shares in the company, valued at approximately $4,339,513.80. The disclosure for this sale can be found here. Insiders have sold a total of 20,054,542 shares of company stock worth $436,731,481 in the last ninety days. Corporate insiders own 1.20% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. SG Americas Securities LLC acquired a new stake in shares of Advanced Disposal Services during the 3rd quarter worth approximately $119,000. Legal & General Group Plc grew its stake in shares of Advanced Disposal Services by 14.1% during the 2nd quarter. Legal & General Group Plc now owns 6,426 shares of the company’s stock worth $146,000 after purchasing an additional 795 shares during the period. Parametric Portfolio Associates LLC purchased a new position in shares of Advanced Disposal Services during the 2nd quarter valued at approximately $220,000. Voya Investment Management LLC purchased a new position in shares of Advanced Disposal Services during the 2nd quarter valued at approximately $238,000. Finally, Teacher Retirement System of Texas lifted its position in shares of Advanced Disposal Services by 24.7% during the 2nd quarter. Teacher Retirement System of Texas now owns 12,469 shares of the company’s stock valued at $283,000 after buying an additional 2,469 shares in the last quarter. 96.54% of the stock is currently owned by institutional investors and hedge funds.

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About Advanced Disposal Services

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.

Analyst Recommendations for Advanced Disposal Services (NYSE:ADSW)

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