Analysts Set Advanced Disposal Services Inc (NYSE:ADSW) PT at $30.00

Advanced Disposal Services Inc (NYSE:ADSW) has received an average rating of “Hold” from the twelve research firms that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $30.00.

A number of equities analysts have recently issued reports on ADSW shares. Zacks Investment Research downgraded Advanced Disposal Services from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. First Analysis downgraded Advanced Disposal Services from a “strong-buy” rating to a “neutral” rating in a research report on Thursday, April 18th. Credit Suisse Group cut Advanced Disposal Services from an “outperform” rating to a “neutral” rating and lifted their price target for the stock from $29.00 to $33.00 in a report on Friday, May 17th. ValuEngine upgraded Advanced Disposal Services from a “hold” rating to a “buy” rating in a report on Monday, April 29th. Finally, Stifel Nicolaus cut Advanced Disposal Services from a “buy” rating to a “hold” rating in a report on Wednesday, July 31st.

Advanced Disposal Services stock traded down $0.08 during mid-day trading on Wednesday, hitting $32.41. The company’s stock had a trading volume of 441,800 shares, compared to its average volume of 877,388. The company has a 50 day simple moving average of $32.32. The company has a market capitalization of $2.89 billion, a PE ratio of 55.88, a PEG ratio of 6.57 and a beta of 0.66. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 1.99. Advanced Disposal Services has a one year low of $22.05 and a one year high of $33.01.

Advanced Disposal Services (NYSE:ADSW) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.08). Advanced Disposal Services had a positive return on equity of 4.08% and a negative net margin of 0.59%. The firm had revenue of $419.10 million for the quarter, compared to the consensus estimate of $413.26 million. During the same period in the previous year, the company posted $0.19 EPS. Advanced Disposal Services’s quarterly revenue was up 5.3% compared to the same quarter last year. Analysts expect that Advanced Disposal Services will post 0.5 earnings per share for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC bought a new stake in Advanced Disposal Services during the second quarter worth about $36,000. Public Employees Retirement System of Ohio boosted its stake in Advanced Disposal Services by 43.1% during the fourth quarter. Public Employees Retirement System of Ohio now owns 2,157 shares of the company’s stock worth $52,000 after acquiring an additional 650 shares in the last quarter. Quadrant Capital Group LLC bought a new stake in Advanced Disposal Services during the first quarter worth about $73,000. Advisors Asset Management Inc. boosted its stake in Advanced Disposal Services by 25.1% during the first quarter. Advisors Asset Management Inc. now owns 3,050 shares of the company’s stock worth $85,000 after acquiring an additional 611 shares in the last quarter. Finally, Strs Ohio bought a new stake in Advanced Disposal Services during the second quarter worth about $105,000. Hedge funds and other institutional investors own 97.99% of the company’s stock.

About Advanced Disposal Services

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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Analyst Recommendations for Advanced Disposal Services (NYSE:ADSW)

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