ValuEngine Upgrades Advanced Emissions Solutions (ADES) to Hold

Advanced Emissions Solutions (NASDAQ:ADES) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued on Friday.

A number of other research analysts have also weighed in on the stock. HC Wainwright set a $18.00 price objective on shares of Advanced Emissions Solutions and gave the company a “buy” rating in a research note on Friday, November 16th. Zacks Investment Research lowered shares of Advanced Emissions Solutions from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 13th.

Shares of ADES stock traded up $0.17 during trading hours on Friday, hitting $9.91. 53,900 shares of the company were exchanged, compared to its average volume of 105,215. Advanced Emissions Solutions has a 52-week low of $7.00 and a 52-week high of $12.37. The firm has a market cap of $193.98 million, a P/E ratio of 6.35 and a beta of 1.83.

Advanced Emissions Solutions (NASDAQ:ADES) last released its quarterly earnings data on Wednesday, November 7th. The industrial products company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.29). Advanced Emissions Solutions had a net margin of 255.65% and a return on equity of 53.06%. The business had revenue of $5.15 million during the quarter, compared to analysts’ expectations of $4.94 million. Equities research analysts anticipate that Advanced Emissions Solutions will post 1.79 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the stock. Apollo Management Holdings L.P. grew its stake in Advanced Emissions Solutions by 4.0% in the 2nd quarter. Apollo Management Holdings L.P. now owns 1,566,271 shares of the industrial products company’s stock valued at $17,793,000 after buying an additional 59,905 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Advanced Emissions Solutions by 3.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 465,123 shares of the industrial products company’s stock valued at $5,563,000 after purchasing an additional 13,730 shares in the last quarter. LSV Asset Management grew its position in shares of Advanced Emissions Solutions by 25.2% during the 2nd quarter. LSV Asset Management now owns 195,933 shares of the industrial products company’s stock valued at $2,225,000 after purchasing an additional 39,433 shares in the last quarter. Chicago Equity Partners LLC grew its position in shares of Advanced Emissions Solutions by 111.1% during the 2nd quarter. Chicago Equity Partners LLC now owns 78,735 shares of the industrial products company’s stock valued at $894,000 after purchasing an additional 41,435 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Advanced Emissions Solutions by 313.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 73,577 shares of the industrial products company’s stock valued at $880,000 after purchasing an additional 55,768 shares in the last quarter. Institutional investors and hedge funds own 74.97% of the company’s stock.

Advanced Emissions Solutions Company Profile

ADA-ES, Inc (ADA) develops, offers, and implements environmental technologies and provides equipment and specialty chemicals that enable coal-fueled power plants to meet emissions regulations by enhancing existing air pollution control equipment. ADA’s wholly owned subsidiaries include Advanced Emissions Solutions, Inc, ADA Intellectual Property, LLC and ADA Environmental Solutions, LLC.

Featured Article: Why is insider trading harmful?

To view ValuEngine’s full report, visit ValuEngine’s official website.

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

Leave a Reply