Advanced Disposal Services Inc (NYSE:ADSW) has earned a consensus recommendation of “Hold” from the twelve ratings firms that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $30.00.
ADSW has been the subject of several recent research reports. UBS Group upped their price objective on Advanced Disposal Services from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Thursday, April 4th. Bank of America downgraded Advanced Disposal Services from a “neutral” rating to an “underperform” rating and set a $27.00 price objective for the company. in a research note on Tuesday, February 19th. Zacks Investment Research downgraded Advanced Disposal Services from a “hold” rating to a “sell” rating in a research note on Wednesday, May 1st. KeyCorp initiated coverage on Advanced Disposal Services in a research note on Monday, February 4th. They issued a “sector weight” rating for the company. Finally, Stifel Nicolaus downgraded Advanced Disposal Services from a “buy” rating to a “hold” rating and set a $30.00 price objective for the company. in a research note on Thursday, April 11th.
Hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its holdings in shares of Advanced Disposal Services by 5.5% during the 1st quarter. JPMorgan Chase & Co. now owns 6,074,522 shares of the company’s stock worth $170,086,000 after buying an additional 317,576 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Advanced Disposal Services by 4.2% in the 3rd quarter. Vanguard Group Inc. now owns 5,894,669 shares of the company’s stock worth $159,628,000 after purchasing an additional 240,096 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Advanced Disposal Services by 5.1% in the 4th quarter. BlackRock Inc. now owns 4,978,355 shares of the company’s stock worth $119,183,000 after purchasing an additional 241,958 shares in the last quarter. Norges Bank bought a new position in shares of Advanced Disposal Services in the 4th quarter worth $69,133,000. Finally, Victory Capital Management Inc. lifted its holdings in shares of Advanced Disposal Services by 9.2% in the 1st quarter. Victory Capital Management Inc. now owns 2,069,338 shares of the company’s stock worth $57,942,000 after purchasing an additional 173,842 shares in the last quarter. Institutional investors and hedge funds own 98.18% of the company’s stock.
Advanced Disposal Services (NYSE:ADSW) last issued its earnings results on Tuesday, April 30th. The company reported $0.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.04). The business had revenue of $384.00 million for the quarter, compared to analyst estimates of $376.19 million. Advanced Disposal Services had a return on equity of 4.99% and a net margin of 0.08%. The firm’s revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.02 EPS. On average, sell-side analysts predict that Advanced Disposal Services will post 0.58 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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