Advanced Disposal Services Inc (ADSW) Given Consensus Recommendation of “Hold” by Brokerages

Advanced Disposal Services Inc (NYSE:ADSW) has earned an average recommendation of “Hold” from the twelve research firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $29.20.

A number of equities analysts recently issued reports on the stock. Zacks Investment Research cut shares of Advanced Disposal Services from a “buy” rating to a “hold” rating in a research report on Tuesday, February 26th. UBS Group upped their price objective on shares of Advanced Disposal Services from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Thursday, April 4th. Stifel Nicolaus cut shares of Advanced Disposal Services from a “buy” rating to a “hold” rating and set a $30.00 price objective for the company. in a research report on Thursday, April 11th. Deutsche Bank cut shares of Advanced Disposal Services from a “buy” rating to a “hold” rating and set a $33.00 price objective for the company. in a research report on Tuesday, April 23rd. Finally, First Analysis cut shares of Advanced Disposal Services from a “strong-buy” rating to a “neutral” rating in a research report on Thursday, April 18th.

A number of hedge funds and other institutional investors have recently made changes to their positions in ADSW. JPMorgan Chase & Co. increased its position in Advanced Disposal Services by 13.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,555,920 shares of the company’s stock valued at $150,454,000 after acquiring an additional 643,481 shares during the period. Bank of New York Mellon Corp increased its position in shares of Advanced Disposal Services by 8.8% during the third quarter. Bank of New York Mellon Corp now owns 251,355 shares of the company’s stock worth $6,807,000 after buying an additional 20,275 shares during the period. Martingale Asset Management L P increased its position in shares of Advanced Disposal Services by 21.7% during the third quarter. Martingale Asset Management L P now owns 209,924 shares of the company’s stock worth $5,685,000 after buying an additional 37,400 shares during the period. BlackRock Inc. increased its position in shares of Advanced Disposal Services by 7.8% during the third quarter. BlackRock Inc. now owns 4,736,397 shares of the company’s stock worth $128,262,000 after buying an additional 341,641 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Advanced Disposal Services by 43.6% during the third quarter. Dimensional Fund Advisors LP now owns 1,038,961 shares of the company’s stock worth $28,135,000 after buying an additional 315,373 shares during the period.

Shares of Advanced Disposal Services stock traded down $0.13 on Monday, reaching $32.25. 21,051 shares of the stock were exchanged, compared to its average volume of 2,136,292. Advanced Disposal Services has a one year low of $21.80 and a one year high of $33.01. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.99. The company has a market cap of $2.87 billion, a PE ratio of 55.60, a price-to-earnings-growth ratio of 5.50 and a beta of 0.73.

Advanced Disposal Services (NYSE:ADSW) last issued its quarterly earnings results on Thursday, February 21st. The company reported $0.13 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.13. Advanced Disposal Services had a net margin of 0.60% and a return on equity of 5.69%. The company had revenue of $394.80 million during the quarter, compared to the consensus estimate of $386.64 million. During the same quarter in the prior year, the firm posted $0.13 EPS. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. Research analysts forecast that Advanced Disposal Services will post 0.59 earnings per share for the current year.

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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