HC Wainwright Reaffirms Buy Rating for Advanced Emissions Solutions, Inc. (ADES)
HC Wainwright reissued their buy rating on shares of Advanced Emissions Solutions, Inc. (NASDAQ:ADES) in a research note issued to investors on Wednesday morning. The brokerage currently has a $18.00 target price on the industrial products company’s stock.
ADES has been the topic of several other research reports. ValuEngine raised Advanced Emissions Solutions from a buy rating to a strong-buy rating in a research note on Monday, October 2nd. Canaccord Genuity reaffirmed a buy rating and set a $20.00 price target on shares of Advanced Emissions Solutions in a research report on Thursday, September 28th. Finally, Zacks Investment Research lowered Advanced Emissions Solutions from a buy rating to a hold rating in a research report on Monday, August 14th. One research analyst has rated the stock with a sell rating, three have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $17.00.
Advanced Emissions Solutions (NASDAQ ADES) traded up $0.27 during trading hours on Wednesday, reaching $11.56. The company’s stock had a trading volume of 109,900 shares, compared to its average volume of 107,981. Advanced Emissions Solutions has a 1 year low of $7.65 and a 1 year high of $12.25. The firm has a market capitalization of $238.10, a price-to-earnings ratio of 7.19 and a beta of 2.81.
Advanced Emissions Solutions (NASDAQ:ADES) last released its earnings results on Monday, November 6th. The industrial products company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.43). Advanced Emissions Solutions had a net margin of 249.58% and a return on equity of 45.61%. The company had revenue of $2.29 million during the quarter, compared to analyst estimates of $8.30 million. sell-side analysts expect that Advanced Emissions Solutions will post 1.29 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 6th. Stockholders of record on Friday, November 17th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.65%. The ex-dividend date is Thursday, November 16th. Advanced Emissions Solutions’s dividend payout ratio is currently 22.99%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its position in shares of Advanced Emissions Solutions by 40.4% during the first quarter. Bank of New York Mellon Corp now owns 16,543 shares of the industrial products company’s stock worth $158,000 after purchasing an additional 4,757 shares during the period. Vanguard Group Inc. raised its position in shares of Advanced Emissions Solutions by 1.1% during the first quarter. Vanguard Group Inc. now owns 786,434 shares of the industrial products company’s stock worth $7,502,000 after purchasing an additional 8,650 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of Advanced Emissions Solutions by 13,343.1% during the second quarter. The Manufacturers Life Insurance Company now owns 17,476 shares of the industrial products company’s stock worth $160,000 after purchasing an additional 17,346 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Advanced Emissions Solutions during the third quarter worth about $244,000. Finally, New York State Common Retirement Fund acquired a new stake in shares of Advanced Emissions Solutions during the second quarter worth about $205,000. 69.81% of the stock is currently owned by institutional investors.
About Advanced Emissions Solutions
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.
Receive News & Ratings for Advanced Emissions Solutions Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Emissions Solutions Inc. and related companies with MarketBeat.com's FREE daily email newsletter.