Advanced Emissions Solutions, Inc. (NASDAQ:ADES) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Monday.

Other research analysts have also recently issued reports about the company. Zacks Investment Research upgraded Advanced Emissions Solutions from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Friday, August 11th. HC Wainwright set a $18.00 price objective on Advanced Emissions Solutions and gave the stock a “buy” rating in a research note on Wednesday, August 9th. Finally, Canaccord Genuity restated a “buy” rating and issued a $20.00 price objective on shares of Advanced Emissions Solutions in a research note on Thursday, September 28th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $17.00.

Shares of Advanced Emissions Solutions (NASDAQ:ADES) traded down $0.82 during trading hours on Monday, hitting $9.65. The stock had a trading volume of 210,679 shares, compared to its average volume of 107,773. Advanced Emissions Solutions has a 1 year low of $7.65 and a 1 year high of $12.25. The stock has a market capitalization of $220.81, a PE ratio of 6.67 and a beta of 2.80.

Advanced Emissions Solutions (NASDAQ:ADES) last announced its quarterly earnings data on Monday, November 6th. The industrial products company reported $0.28 earnings per share (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 firm had revenue of $2.29 million during the quarter, compared to analysts’ expectations of $8.30 million. equities analysts expect that Advanced Emissions Solutions will post 1.29 earnings per share for the current fiscal year.

A number of hedge funds have recently made changes to their positions in ADES. Bank of New York Mellon Corp raised its position in Advanced Emissions Solutions by 40.4% during the first quarter. Bank of New York Mellon Corp now owns 16,543 shares of the industrial products company’s stock valued at $158,000 after acquiring an additional 4,757 shares in the last quarter. Vanguard Group Inc. raised its position in Advanced Emissions Solutions by 1.1% during the first quarter. Vanguard Group Inc. now owns 786,434 shares of the industrial products company’s stock valued at $7,502,000 after acquiring an additional 8,650 shares in the last quarter. Geode Capital Management LLC raised its position in Advanced Emissions Solutions by 68.6% during the first quarter. Geode Capital Management LLC now owns 157,441 shares of the industrial products company’s stock valued at $1,501,000 after acquiring an additional 64,039 shares in the last quarter. Goldman Sachs Group Inc. purchased a new position in Advanced Emissions Solutions during the first quarter valued at approximately $859,000. Finally, Schwab Charles Investment Management Inc. purchased a new position in Advanced Emissions Solutions during the second quarter valued at approximately $325,000. Institutional investors own 69.92% of the company’s stock.

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Advanced Emissions Solutions Company Profile

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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