Advanced Disposal Services (ADSW) Given “Buy” Rating at Oppenheimer

Oppenheimer reiterated their buy rating on shares of Advanced Disposal Services (NYSE:ADSW) in a research note released on Wednesday morning.

ADSW has been the subject of several other research reports. Zacks Investment Research raised shares of Advanced Disposal Services from a hold rating to a buy rating and set a $28.00 price target for the company in a research note on Wednesday, July 4th. Bank of America cut shares of Advanced Disposal Services from a buy rating to a neutral rating and set a $27.00 price objective for the company. in a research report on Wednesday, October 24th. They noted that the move was a valuation call. Morgan Stanley began coverage on shares of Advanced Disposal Services in a research report on Friday, October 12th. They set a weight rating and a $27.00 price objective for the company. First Analysis increased their price objective on shares of Advanced Disposal Services to $32.00 and gave the stock a strong-buy rating in a research report on Tuesday, September 18th. Finally, ValuEngine raised shares of Advanced Disposal Services from a hold rating to a buy rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of $27.71.

Advanced Disposal Services stock opened at $25.29 on Wednesday. Advanced Disposal Services has a 1-year low of $21.50 and a 1-year high of $27.93. The company has a debt-to-equity ratio of 2.04, a current ratio of 0.69 and a quick ratio of 0.69. The company has a market capitalization of $2.40 billion, a PE ratio of 53.81, a PEG ratio of 3.02 and a beta of 0.42.

Advanced Disposal Services (NYSE:ADSW) last posted its quarterly earnings results on Wednesday, October 31st. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.01). Advanced Disposal Services had a net margin of 3.16% and a return on equity of 5.73%. The firm had revenue of $400.60 million during the quarter, compared to analysts’ expectations of $396.26 million. During the same period last year, the company earned $0.16 EPS. The business’s quarterly revenue was up 2.0% on a year-over-year basis. As a group, equities analysts forecast that Advanced Disposal Services will post 0.6 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the stock. BlueMountain Capital Management LLC boosted its position in shares of Advanced Disposal Services by 61.7% during the 2nd quarter. BlueMountain Capital Management LLC now owns 19,590 shares of the company’s stock worth $485,000 after purchasing an additional 7,478 shares during the period. PEAK6 Investments L.P. purchased a new position in shares of Advanced Disposal Services during the 2nd quarter worth approximately $266,000. United Services Automobile Association boosted its position in shares of Advanced Disposal Services by 17.1% during the 2nd quarter. United Services Automobile Association now owns 157,822 shares of the company’s stock worth $3,911,000 after purchasing an additional 23,000 shares during the period. Laurion Capital Management LP purchased a new position in shares of Advanced Disposal Services during the 2nd quarter worth approximately $3,347,000. Finally, MetLife Investment Advisors LLC boosted its position in shares of Advanced Disposal Services by 44.9% during the 2nd quarter. MetLife Investment Advisors LLC now owns 33,294 shares of the company’s stock worth $825,000 after purchasing an additional 10,309 shares during the period. 96.76% of the stock is owned by hedge funds and other institutional investors.

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.

See Also: How are the companies in the S&P 500 selected?

Analyst Recommendations for Advanced Disposal Services (NYSE:ADSW)

Receive News & Ratings for Advanced Disposal Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Disposal Services and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply