Stifel Nicolaus upgraded shares of Advanced Disposal Services (NYSE:ADSW) from a hold rating to a buy rating in a research note issued to investors on Monday, The Fly reports.
Several other research analysts have also recently issued reports on ADSW. UBS Group increased their price objective on shares of Advanced Disposal Services from $30.00 to $33.00 and gave the company a buy rating in a report on Thursday, April 4th. Bank of America cut shares of Advanced Disposal Services from a neutral rating to an underperform rating and set a $27.00 price objective for the company. in a report on Tuesday, February 19th. Zacks Investment Research upgraded shares of Advanced Disposal Services from a hold rating to a buy rating and set a $27.00 price objective for the company in a report on Monday, January 7th. Morgan Stanley set a $24.00 price objective on shares of Advanced Disposal Services and gave the company a hold rating in a report on Tuesday, January 8th. Finally, KeyCorp assumed coverage on shares of Advanced Disposal Services in a report on Monday, February 4th. They issued a sector weight rating for the company. One analyst has rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of $29.29.
NYSE ADSW opened at $31.99 on Monday. Advanced Disposal Services has a 52 week low of $21.80 and a 52 week high of $32.99. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.99. The stock has a market capitalization of $2.38 billion, a price-to-earnings ratio of 55.16, a PEG ratio of 4.46 and a beta of 0.73.
Advanced Disposal Services (NYSE:ADSW) last posted its earnings results on Thursday, February 21st. The company reported $0.13 EPS for the quarter, hitting the consensus estimate of $0.13. Advanced Disposal Services had a net margin of 0.60% and a return on equity of 5.69%. The firm had revenue of $394.80 million during the quarter, compared to analysts’ expectations of $386.64 million. During the same quarter in the prior year, the firm earned $0.13 EPS. Advanced Disposal Services’s quarterly revenue was up 2.7% on a year-over-year basis. As a group, equities analysts expect that Advanced Disposal Services will post 0.6 earnings per share for the current year.
A number of large investors have recently modified their holdings of the stock. Manning & Napier Group LLC boosted its holdings in Advanced Disposal Services by 10.5% during the first quarter. Manning & Napier Group LLC now owns 1,237,370 shares of the company’s stock worth $34,645,000 after buying an additional 117,405 shares in the last quarter. Norges Bank bought a new stake in Advanced Disposal Services during the fourth quarter worth approximately $69,133,000. Dimensional Fund Advisors LP boosted its holdings in Advanced Disposal Services by 9.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,140,842 shares of the company’s stock worth $27,310,000 after buying an additional 101,881 shares in the last quarter. Amalgamated Bank bought a new stake in Advanced Disposal Services during the fourth quarter worth approximately $251,000. Finally, Public Employees Retirement System of Ohio boosted its holdings in Advanced Disposal Services by 43.1% during the fourth quarter. Public Employees Retirement System of Ohio now owns 2,157 shares of the company’s stock worth $52,000 after buying an additional 650 shares in the last quarter.
About Advanced Disposal Services
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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