Advanced Emissions Solutions, Inc. (ADES) Stock Rating Reaffirmed by HC Wainwright
Advanced Emissions Solutions, Inc. (NASDAQ:ADES)‘s stock had its “buy” rating reissued by stock analysts at HC Wainwright in a report released on Wednesday. They presently have a $18.00 price target on the industrial products company’s stock. HC Wainwright’s price target indicates a potential upside of 58.45% from the stock’s previous close.
A number of other research analysts have also recently weighed in on ADES. Canaccord Genuity reaffirmed a “buy” rating and set a $20.00 price objective on shares of Advanced Emissions Solutions in a research report on Thursday, September 28th. ValuEngine cut Advanced Emissions Solutions from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Zacks Investment Research cut Advanced Emissions Solutions from a “buy” rating to a “hold” rating in a research report on Monday, August 14th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $17.00.
Advanced Emissions Solutions (ADES) traded up $0.27 on Wednesday, reaching $11.56. The company had a trading volume of 109,681 shares, compared to its average volume of 92,557. Advanced Emissions Solutions has a 1 year low of $7.65 and a 1 year high of $12.25. The firm has a market cap of $238.10, a PE ratio of 6.96 and a beta of 2.80.
Advanced Emissions Solutions (NASDAQ:ADES) last released its quarterly earnings results on Monday, November 6th. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.71 by ($0.43). The firm had revenue of $2.29 million for the quarter, compared to the consensus estimate of $8.30 million. Advanced Emissions Solutions had a net margin of 249.58% and a return on equity of 45.61%. research analysts expect that Advanced Emissions Solutions will post 2.21 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently modified their holdings of ADES. Bank of New York Mellon Corp increased its position in shares of Advanced Emissions Solutions by 40.4% during the 1st quarter. Bank of New York Mellon Corp now owns 16,543 shares of the industrial products company’s stock valued at $158,000 after purchasing an additional 4,757 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Advanced Emissions Solutions by 13,343.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,476 shares of the industrial products company’s stock valued at $160,000 after purchasing an additional 17,346 shares during the last quarter. New York State Common Retirement Fund bought a new position in shares of Advanced Emissions Solutions during the 2nd quarter valued at approximately $205,000. Rhumbline Advisers bought a new position in shares of Advanced Emissions Solutions during the 2nd quarter valued at approximately $211,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Advanced Emissions Solutions during the 3rd quarter valued at approximately $244,000. 69.81% of the stock is currently owned by institutional investors and hedge funds.
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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