Advanced Disposal Services Inc (ADSW) Given Average Rating of “Hold” by Brokerages

Shares of Advanced Disposal Services Inc (NYSE:ADSW) have been assigned a consensus recommendation of “Hold” from the twelve brokerages that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $26.00.

Several brokerages recently issued reports on ADSW. Zacks Investment Research upgraded Advanced Disposal Services from a “hold” rating to a “strong-buy” rating and set a $29.00 price objective for the company in a research report on Wednesday, October 4th. BidaskClub lowered Advanced Disposal Services from a “hold” rating to a “sell” rating in a research report on Saturday, October 21st. Stifel Nicolaus lowered Advanced Disposal Services from a “buy” rating to a “hold” rating and set a $26.00 price objective for the company. in a research report on Wednesday, October 4th. Credit Suisse Group decreased their price objective on Advanced Disposal Services from $28.00 to $27.00 and set an “outperform” rating for the company in a research report on Friday, November 3rd. Finally, KeyCorp began coverage on Advanced Disposal Services in a research report on Thursday, November 30th. They issued a “sector weight” rating for the company.

In other Advanced Disposal Services news, major shareholder Highstar Capital Lp sold 19,998,544 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $21.77, for a total value of $435,368,302.88. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Steven R. Carn sold 18,666 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $23.07, for a total value of $430,624.62. Following the completion of the sale, the chief financial officer now owns 157,737 shares in the company, valued at approximately $3,638,992.59. The disclosure for this sale can be found here. Insiders sold a total of 20,054,542 shares of company stock valued at $436,697,322 over the last quarter. 1.20% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC bought a new stake in Advanced Disposal Services in the 3rd quarter valued at approximately $119,000. Legal & General Group Plc raised its stake in shares of Advanced Disposal Services by 14.1% during the 2nd quarter. Legal & General Group Plc now owns 6,426 shares of the company’s stock worth $146,000 after purchasing an additional 795 shares in the last quarter. Parametric Portfolio Associates LLC bought a new stake in shares of Advanced Disposal Services during the 2nd quarter worth approximately $220,000. Voya Investment Management LLC bought a new stake in shares of Advanced Disposal Services during the 2nd quarter worth approximately $238,000. Finally, Convergence Investment Partners LLC bought a new stake in shares of Advanced Disposal Services during the 3rd quarter worth approximately $349,000. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Advanced Disposal Services (NYSE:ADSW) traded down $0.04 during trading on Tuesday, hitting $23.59. The stock had a trading volume of 438,009 shares, compared to its average volume of 360,217. The firm has a market cap of $2,099.01, a price-to-earnings ratio of -84.25, a P/E/G ratio of 3.04 and a beta of -0.70. Advanced Disposal Services has a 52 week low of $20.94 and a 52 week high of $25.71. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.63 and a quick ratio of 0.63.

Advanced Disposal Services (NYSE:ADSW) last posted its earnings results on Wednesday, November 1st. The company reported $0.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.01). The company had revenue of $392.70 million for the quarter, compared to analyst estimates of $383.11 million. Advanced Disposal Services had a positive return on equity of 5.84% and a negative net margin of 1.61%. Advanced Disposal Services’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.06 earnings per share. equities research analysts expect that Advanced Disposal Services will post 0.5 EPS for the current fiscal year.

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About Advanced Disposal Services

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.

Analyst Recommendations for Advanced Disposal Services (NYSE:ADSW)

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