UBS Group reissued their buy rating on shares of Advanced Disposal Services (NYSE:ADSW) in a research note issued to investors on Friday, www.benzinga.com reports. The brokerage currently has a $27.00 price target on the stock, down from their previous price target of $29.00.
Other analysts have also issued research reports about the company. Stifel Nicolaus raised Advanced Disposal Services from a hold rating to a buy rating and upped their target price for the company from $26.00 to $28.00 in a report on Monday, December 11th. Zacks Investment Research upgraded Advanced Disposal Services from a hold rating to a buy rating and set a $26.00 price objective on the stock in a research report on Wednesday, February 21st. Credit Suisse Group reduced their price objective on Advanced Disposal Services from $28.00 to $27.00 and set an outperform rating on the stock in a research report on Friday, November 3rd. Finally, KeyCorp assumed coverage on Advanced Disposal Services in a research report on Thursday, November 30th. They issued a sector weight rating on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. The company has an average rating of Buy and an average price target of $26.00.
Shares of Advanced Disposal Services (NYSE:ADSW) opened at $22.16 on Friday. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.63 and a quick ratio of 0.63. The firm has a market capitalization of $1,989.76, a price-to-earnings ratio of 45.57, a price-to-earnings-growth ratio of 2.74 and a beta of -0.35. Advanced Disposal Services has a twelve month low of $20.94 and a twelve month high of $25.71.
In other news, insider Steven R. Carn sold 18,666 shares of the company’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $23.53, for a total value of $439,210.98. Following the sale, the insider now directly owns 139,071 shares in the company, valued at $3,272,340.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 55,998 shares of company stock worth $1,318,753 over the last 90 days. Company insiders own 1.20% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ADSW. SG Americas Securities LLC purchased a new position in Advanced Disposal Services during the third quarter worth about $119,000. Parametric Portfolio Associates LLC purchased a new position in Advanced Disposal Services during the second quarter worth about $220,000. Voya Investment Management LLC purchased a new position in Advanced Disposal Services during the second quarter worth about $238,000. Legal & General Group Plc lifted its position in Advanced Disposal Services by 60.2% during the third quarter. Legal & General Group Plc now owns 10,296 shares of the company’s stock worth $259,000 after buying an additional 3,870 shares during the period. Finally, Convergence Investment Partners LLC purchased a new position in Advanced Disposal Services during the third quarter worth about $349,000.
Advanced Disposal Services Company Profile
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.
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