Advanced Emissions Solutions, Inc. (ADES) Receives $18.67 Consensus Price Target from Analysts
Advanced Emissions Solutions, Inc. (NASDAQ:ADES) has received an average rating of “Buy” from the six ratings firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $18.67.
ADES has been the topic of a number of research reports. ValuEngine upgraded Advanced Emissions Solutions from a “buy” rating to a “strong-buy” rating in a report on Monday, October 2nd. HC Wainwright set a $18.00 price objective on Advanced Emissions Solutions and gave the stock a “buy” rating in a report on Wednesday, August 9th. Zacks Investment Research upgraded Advanced Emissions Solutions from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a report on Friday, August 11th. Finally, Canaccord Genuity restated a “buy” rating and issued a $20.00 price objective on shares of Advanced Emissions Solutions in a report on Thursday, September 28th.
Institutional investors have recently added to or reduced their stakes in the company. Apollo Management Holdings L.P. raised its holdings in shares of Advanced Emissions Solutions by 153.4% in the 2nd quarter. Apollo Management Holdings L.P. now owns 633,388 shares of the industrial products company’s stock worth $5,802,000 after purchasing an additional 383,388 shares during the period. Geode Capital Management LLC grew its stake in shares of Advanced Emissions Solutions by 68.6% in 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 buying an additional 64,039 shares in the last quarter. Cowen Inc. acquired a new stake in shares of Advanced Emissions Solutions in the second quarter valued at about $890,000. BlueCrest Capital Management Ltd grew its stake in shares of Advanced Emissions Solutions by 247.3% in the second quarter. BlueCrest Capital Management Ltd now owns 50,887 shares of the industrial products company’s stock valued at $466,000 after buying an additional 36,235 shares in the last quarter. Finally, Northpointe Capital LLC grew its stake in shares of Advanced Emissions Solutions by 47.0% in the third quarter. Northpointe Capital LLC now owns 677,528 shares of the industrial products company’s stock valued at $7,432,000 after buying an additional 216,479 shares in the last quarter. Institutional investors own 69.92% of the company’s stock.
Advanced Emissions Solutions (ADES) traded up $0.11 during midday trading on Friday, reaching $11.23. The company had a trading volume of 72,696 shares, compared to its average volume of 107,935. 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 $234.51, a P/E ratio of 7.08 and a beta of 2.80.
Advanced Emissions Solutions (NASDAQ:ADES) last released its earnings results on Monday, November 6th. The industrial products company reported $0.28 earnings per share for the quarter, missing the Thomson Reuters’ 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 business had revenue of $2.29 million for the quarter, compared to analysts’ expectations of $8.30 million. research analysts forecast that Advanced Emissions Solutions will post 1.29 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 6th. Stockholders of record on Friday, November 17th will be issued a $0.25 dividend. The ex-dividend date is Thursday, November 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.90%. Advanced Emissions Solutions’s dividend payout ratio (DPR) is 23.09%.
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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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