Advanced Disposal Services (ADSW) Now Covered by Morgan Stanley

Morgan Stanley initiated coverage on shares of Advanced Disposal Services (NYSE:ADSW) in a research report released on Friday, MarketBeat Ratings reports. The firm issued a weight rating and a $27.00 price objective on the stock.

Other analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Advanced Disposal Services from a hold rating to a buy rating and set a $28.00 price target on the stock in a report on Wednesday, July 4th. First Analysis raised their price target on shares of Advanced Disposal Services to $32.00 and gave the company a strong-buy rating in a report on Tuesday, September 18th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $28.00.

Shares of NYSE ADSW traded down $0.12 during trading on Friday, reaching $25.67. 408,212 shares of the company traded hands, compared to its average volume of 485,602. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 2.04. The company has a market cap of $2.40 billion, a PE ratio of 54.62, a PEG ratio of 3.04 and a beta of 0.61. Advanced Disposal Services has a 52-week low of $21.50 and a 52-week high of $27.93.

Advanced Disposal Services (NYSE:ADSW) last announced its quarterly earnings results on Wednesday, August 1st. The company reported $0.19 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.19. The firm had revenue of $398.10 million for the quarter, compared to the consensus estimate of $390.72 million. Advanced Disposal Services had a net margin of 3.72% and a return on equity of 5.68%. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.16 EPS. As a group, equities research analysts anticipate that Advanced Disposal Services will post 0.6 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of Montreal Can boosted its holdings in shares of Advanced Disposal Services by 1,329.9% during the 3rd quarter. Bank of Montreal Can now owns 7,364 shares of the company’s stock valued at $199,000 after acquiring an additional 6,849 shares during the last quarter. Manning & Napier Group LLC boosted its holdings in shares of Advanced Disposal Services by 15.0% in the third quarter. Manning & Napier Group LLC now owns 1,173,035 shares of the company’s stock worth $31,765,000 after buying an additional 153,194 shares during the last quarter. United Services Automobile Association boosted its holdings in shares of Advanced Disposal Services by 17.1% in the second quarter. United Services Automobile Association now owns 157,822 shares of the company’s stock worth $3,911,000 after buying an additional 23,000 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Advanced Disposal Services by 36.8% in the second quarter. Northern Trust Corp now owns 789,414 shares of the company’s stock worth $19,562,000 after buying an additional 212,542 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Advanced Disposal Services by 47.7% in the second quarter. Bank of New York Mellon Corp now owns 231,080 shares of the company’s stock worth $5,726,000 after buying an additional 74,657 shares during the last quarter. 96.60% of the stock is currently 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.

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