Advanced Disposal Services Inc. (ADSW) Receives $25.67 Average Target Price from Analysts
Advanced Disposal Services Inc. (NYSE:ADSW) has received a consensus recommendation of “Hold” from the eleven analysts that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $25.67.
Several research firms recently commented on ADSW. Zacks Investment Research upgraded Advanced Disposal Services from a “hold” rating to a “strong-buy” rating and set a $29.00 target price for the company in a research report on Wednesday, October 4th. Stifel Nicolaus downgraded Advanced Disposal Services from a “buy” rating to a “hold” rating and set a $26.00 target price for the company. in a research report on Wednesday, October 4th. BidaskClub downgraded Advanced Disposal Services from a “hold” rating to a “sell” rating in a research report on Saturday, October 21st. Deutsche Bank AG raised their target price on Advanced Disposal Services from $25.00 to $26.00 and gave the stock a “buy” rating in a research report on Monday, August 7th. Finally, Barclays PLC downgraded 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.
Advanced Disposal Services (NYSE:ADSW) traded down $0.27 during trading on Monday, hitting $22.25. The company had a trading volume of 231,214 shares, compared to its average volume of 504,307. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.63 and a quick ratio of 0.63. The company has a market cap of $1,992.82 and a P/E ratio of 40.21. Advanced Disposal Services has a 1-year low of $19.23 and a 1-year high of $25.71.
Advanced Disposal Services (NYSE:ADSW) last posted its earnings results on Wednesday, November 1st. The company reported $0.16 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.01). The company had revenue of $392.70 million for the quarter, compared to the consensus estimate of $383.11 million. Advanced Disposal Services had a positive return on equity of 5.84% and a negative net margin of 1.61%. Advanced Disposal Services’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.06 EPS. sell-side analysts anticipate that Advanced Disposal Services will post 0.52 EPS for the current year.
In related news, major shareholder Highstar Capital Lp sold 19,998,544 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $21.77, for a total transaction of $435,368,302.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Steven R. Carn sold 18,666 shares of the firm’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $25.36, for a total value of $473,369.76. Following the sale, the insider now directly owns 195,069 shares of the company’s stock, valued at $4,946,949.84. The disclosure for this sale can be found here. Insiders have sold a total of 20,054,542 shares of company stock valued at $436,746,787 over the last ninety days. Insiders own 1.20% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in ADSW. SG Americas Securities LLC acquired a new stake in shares of Advanced Disposal Services in the 3rd quarter valued at $119,000. Legal & General Group Plc increased its stake in shares of Advanced Disposal Services by 14.1% in the 2nd quarter. Legal & General Group Plc now owns 6,426 shares of the company’s stock valued at $146,000 after buying an additional 795 shares during the period. Parametric Portfolio Associates LLC acquired a new stake in shares of Advanced Disposal Services in the 2nd quarter valued at $220,000. Voya Investment Management LLC acquired a new stake in shares of Advanced Disposal Services in the 2nd quarter valued at $238,000. Finally, Legato Capital Management LLC acquired a new stake in shares of Advanced Disposal Services in the 2nd quarter valued at $277,000. 95.20% of the stock is owned by hedge funds and other institutional investors.
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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.
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