Advanced Disposal Services Inc (ADSW) Receives $25.11 Average Target Price from Analysts
Advanced Disposal Services Inc (NASDAQ:ADSW) has been assigned a consensus recommendation of “Buy” from the thirteen brokerages that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and nine have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $25.11.
A number of brokerages have issued reports on ADSW. Zacks Investment Research upgraded Advanced Disposal Services from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a report on Tuesday, June 20th. Barclays PLC cut Advanced Disposal Services from an “overweight” rating to an “equal weight” rating and set a $26.00 target price on the stock. in a report on Monday, August 7th. ValuEngine upgraded Advanced Disposal Services from a “sell” rating to a “hold” rating in a report on Friday, May 19th. Finally, Stifel Nicolaus restated a “buy” rating and set a $26.00 target price on shares of Advanced Disposal Services in a report on Friday, July 28th.
Advanced Disposal Services (NASDAQ ADSW) traded up 2.91% during mid-day trading on Wednesday, reaching $24.38. 405,222 shares of the company’s stock were exchanged. The stock’s market cap is $2.15 billion. The stock has a 50-day moving average price of $23.56 and a 200-day moving average price of $23.13. Advanced Disposal Services has a 52 week low of $18.32 and a 52 week high of $24.82.
Advanced Disposal Services (NASDAQ:ADSW) last issued its earnings results on Wednesday, August 2nd. The company reported $0.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.04. Advanced Disposal Services had a negative return on equity of 0.10% and a negative net margin of 0.05%. The firm had revenue of $383.10 million for the quarter, compared to analysts’ expectations of $372.78 million. During the same quarter last year, the business earned $0.10 earnings per share. The company’s revenue was up 7.0% compared to the same quarter last year. On average, analysts forecast that Advanced Disposal Services will post $0.54 earnings per share for the current year.
In other news, CFO Steven R. Carn sold 18,666 shares of Advanced Disposal Services stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $22.73, for a total transaction of $424,278.18. Following the transaction, the chief financial officer now owns 251,067 shares in the company, valued at approximately $5,706,752.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Steven R. Carn sold 55,000 shares of Advanced Disposal Services stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of $23.07, for a total value of $1,268,850.00. Following the transaction, the insider now owns 269,733 shares in the company, valued at approximately $6,222,740.31. The disclosure for this sale can be found here. Insiders have sold a total of 155,998 shares of company stock worth $3,643,546 in the last quarter.
Several large investors have recently added to or reduced their stakes in ADSW. Teachers Advisors LLC bought a new position in shares of Advanced Disposal Services during the 4th quarter valued at about $810,000. Nationwide Fund Advisors lifted its holdings in shares of Advanced Disposal Services by 15.9% during the 1st quarter. Nationwide Fund Advisors now owns 13,109 shares of the company’s stock valued at $296,000 after purchasing an additional 1,795 shares in the last quarter. Acadian Asset Management LLC bought a new position in shares of Advanced Disposal Services during the 1st quarter valued at about $547,000. Wells Fargo & Company MN lifted its holdings in shares of Advanced Disposal Services by 35.7% during the 1st quarter. Wells Fargo & Company MN now owns 415,115 shares of the company’s stock valued at $9,382,000 after purchasing an additional 109,304 shares in the last quarter. Finally, First Trust Advisors LP bought a new position in shares of Advanced Disposal Services during the 1st quarter valued at about $1,674,000.
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Advanced Disposal Services Company Profile
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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