Advanced Disposal Services Inc (NYSE:ADSW) has earned an average recommendation of “Buy” from the ten research firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $28.17.
Several research firms recently weighed in on ADSW. First Analysis increased their target price on shares of Advanced Disposal Services to $32.00 and gave the company a “strong-buy” rating in a research note on Tuesday, September 18th. Oppenheimer reiterated a “buy” rating on shares of Advanced Disposal Services in a research note on Wednesday, October 31st. ValuEngine upgraded shares of Advanced Disposal Services from a “hold” rating to a “buy” rating in a research note on Wednesday, October 31st. Credit Suisse Group increased their target price on shares of Advanced Disposal Services from $26.00 to $29.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Bank of America cut shares of Advanced Disposal Services from a “buy” rating to a “neutral” rating and set a $27.00 target price for the company. in a research note on Wednesday, October 24th. They noted that the move was a valuation call.
ADSW stock traded down $0.05 during mid-day trading on Monday, reaching $26.68. 620,281 shares of the stock traded hands, compared to its average volume of 515,071. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.71 and a quick ratio of 0.71. Advanced Disposal Services has a 52 week low of $21.50 and a 52 week high of $27.93. The stock has a market capitalization of $2.33 billion, a price-to-earnings ratio of 56.77, a price-to-earnings-growth ratio of 3.42 and a beta of 0.42.
A number of institutional investors and hedge funds have recently made changes to their positions in ADSW. BlackRock Inc. lifted its stake in Advanced Disposal Services by 44.1% during the second quarter. BlackRock Inc. now owns 4,394,756 shares of the company’s stock worth $108,903,000 after purchasing an additional 1,345,162 shares during the period. JPMorgan Chase & Co. lifted its stake in Advanced Disposal Services by 13.1% during the third quarter. JPMorgan Chase & Co. now owns 5,555,920 shares of the company’s stock worth $150,454,000 after purchasing an additional 643,481 shares during the period. Mesirow Financial Investment Management Equity Management bought a new position in Advanced Disposal Services during the second quarter worth about $14,802,000. Dimensional Fund Advisors LP lifted its stake in Advanced Disposal Services by 251.9% during the second quarter. Dimensional Fund Advisors LP now owns 723,588 shares of the company’s stock worth $17,931,000 after purchasing an additional 517,965 shares during the period. Finally, Millennium Management LLC lifted its stake in Advanced Disposal Services by 74.4% during the second quarter. Millennium Management LLC now owns 1,070,212 shares of the company’s stock worth $26,520,000 after purchasing an additional 456,484 shares during the period. Hedge funds and other institutional investors own 97.41% of the company’s stock.
Advanced Disposal Services Company Profile
Advanced Disposal Services, Inc provides non-hazardous solid waste collection, transfer, recycling, and disposal services. It is involved in the curbside collection of residential refuse from small carts or containers into collection vehicles for transport to a disposal/recycling site. The company also supplies commercial and industrial customers with waste containers; rents or sells compactors to large waste generators; and provides roll-off containers, as well as waste collection, transportation, and disposal services to construction and demolition sites.
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