Credit Suisse Group Increases Advanced Disposal Services (ADSW) Price Target to $29.00

Advanced Disposal Services (NYSE:ADSW) had its price objective raised by equities research analysts at Credit Suisse Group from $26.00 to $29.00 in a research note issued on Thursday. The brokerage presently has an “outperform” rating on the stock. Credit Suisse Group’s target price would suggest a potential upside of 8.70% from the stock’s current price.

A number of other analysts also recently weighed in on ADSW. Zacks Investment Research downgraded shares of Advanced Disposal Services from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. First Analysis upped their price target on shares of Advanced Disposal Services to $32.00 and gave the stock a “strong-buy” rating in a report on Tuesday, September 18th. Morgan Stanley started coverage on shares of Advanced Disposal Services in a report on Friday, October 12th. They set a “weight” rating and a $27.00 price target for the company. Bank of America downgraded shares of Advanced Disposal Services from a “buy” rating to a “neutral” rating and set a $27.00 price target for the company. in a report on Wednesday, October 24th. They noted that the move was a valuation call. Finally, ValuEngine raised shares of Advanced Disposal Services from a “hold” rating to a “buy” rating in a report on Wednesday, October 31st. One research analyst has rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $28.14.

Shares of NYSE:ADSW opened at $26.68 on Thursday. Advanced Disposal Services has a 12-month low of $21.50 and a 12-month high of $27.93. The company has a market cap of $2.28 billion, a price-to-earnings ratio of 56.77, a price-to-earnings-growth ratio of 3.35 and a beta of 0.42. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 2.02.

Advanced Disposal Services (NYSE:ADSW) last announced its earnings results on Wednesday, October 31st. The company reported $0.17 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.01). Advanced Disposal Services had a return on equity of 5.71% and a net margin of 3.16%. The business had revenue of $400.60 million for the quarter, compared to analyst estimates of $396.26 million. During the same quarter in the previous year, the company earned $0.16 EPS. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. Equities analysts expect that Advanced Disposal Services will post 0.58 earnings per share for the current fiscal year.

Several institutional investors have recently modified their holdings of the company. FMR LLC lifted its stake in Advanced Disposal Services by 6.3% in the 2nd quarter. FMR LLC now owns 7,045,994 shares of the company’s stock valued at $174,600,000 after purchasing an additional 415,573 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Advanced Disposal Services by 13.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,555,920 shares of the company’s stock valued at $150,454,000 after purchasing an additional 643,481 shares during the last quarter. BlackRock Inc. lifted its stake in Advanced Disposal Services by 7.8% in the 3rd quarter. BlackRock Inc. now owns 4,736,397 shares of the company’s stock valued at $128,262,000 after purchasing an additional 341,641 shares during the last quarter. Jennison Associates LLC lifted its stake in Advanced Disposal Services by 18.8% in the 2nd quarter. Jennison Associates LLC now owns 1,895,323 shares of the company’s stock valued at $46,966,000 after purchasing an additional 299,539 shares during the last quarter. Finally, Manning & Napier Group LLC lifted its stake in Advanced Disposal Services by 15.0% in the 3rd quarter. Manning & Napier Group LLC now owns 1,173,035 shares of the company’s stock valued at $31,765,000 after purchasing an additional 153,194 shares during the last quarter. 97.41% of the stock is owned by institutional investors.

Advanced Disposal Services Company Profile

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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Analyst Recommendations for Advanced Disposal Services (NYSE:ADSW)

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