Analysts Set Advanced Disposal Services Inc (NYSE:ADSW) Price Target at $30.00

Advanced Disposal Services Inc (NYSE:ADSW) has been given a consensus rating of “Hold” by the twelve analysts that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $30.00.

ADSW has been the subject of several research reports. Stifel Nicolaus upgraded Advanced Disposal Services from a “hold” rating to a “buy” rating in a report on Monday, April 15th. Credit Suisse Group downgraded Advanced Disposal Services from an “outperform” rating to a “neutral” rating and raised their price objective for the company from $29.00 to $33.00 in a research note on Friday, May 17th. Deutsche Bank downgraded Advanced Disposal Services from a “buy” rating to a “hold” rating and set a $33.00 price objective on the stock. in a research note on Tuesday, April 23rd. UBS Group downgraded Advanced Disposal Services from a “buy” rating to a “neutral” rating and set a $33.00 price objective on the stock. in a research note on Wednesday, May 1st. They noted that the move was a valuation call. Finally, ValuEngine raised Advanced Disposal Services from a “hold” rating to a “buy” rating in a research note on Monday, April 29th.

Shares of Advanced Disposal Services stock opened at $32.09 on Tuesday. The stock has a market cap of $2.85 billion, a PE ratio of 55.33, a PEG ratio of 5.70 and a beta of 0.76. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.62 and a quick ratio of 0.62. Advanced Disposal Services has a 52-week low of $22.05 and a 52-week high of $33.01.

Advanced Disposal Services (NYSE:ADSW) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.04). The firm had revenue of $384.00 million for the quarter, compared to analyst estimates of $376.19 million. Advanced Disposal Services had a net margin of 0.08% and a return on equity of 4.99%. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.02 earnings per share. Equities analysts expect that Advanced Disposal Services will post 0.57 earnings per share for the current fiscal year.

Several hedge funds have recently modified their holdings of ADSW. Advisors Asset Management Inc. acquired a new stake in shares of Advanced Disposal Services in the fourth quarter worth $58,000. Rhumbline Advisers increased its stake in shares of Advanced Disposal Services by 50.6% in the fourth quarter. Rhumbline Advisers now owns 97,329 shares of the company’s stock worth $2,330,000 after acquiring an additional 32,707 shares during the period. Jennison Associates LLC increased its stake in shares of Advanced Disposal Services by 11.1% in the fourth quarter. Jennison Associates LLC now owns 1,864,552 shares of the company’s stock worth $44,637,000 after acquiring an additional 186,284 shares during the period. Ramsey Quantitative Systems acquired a new stake in shares of Advanced Disposal Services in the fourth quarter worth $263,000. Finally, California Public Employees Retirement System increased its stake in shares of Advanced Disposal Services by 75.3% in the fourth quarter. California Public Employees Retirement System now owns 26,580 shares of the company’s stock worth $636,000 after acquiring an additional 11,415 shares during the period. 98.09% of the stock is currently owned by institutional investors and hedge funds.

Advanced Disposal Services Company Profile

Advanced Disposal Services, Inc provides non-hazardous solid waste collection, transfer, recycling, and disposal services. The company is involved in the curbside collection of residential refuse from small carts or containers into collection vehicles for transport to a disposal/recycling site. It 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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Analyst Recommendations for Advanced Disposal Services (NYSE:ADSW)

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