Advanced Disposal Services Inc (ADSW) Given Consensus Recommendation of “Hold” by Brokerages
Advanced Disposal Services Inc (NYSE:ADSW) has earned a consensus rating of “Hold” from the seven ratings firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $27.00.
Separately, Zacks Investment Research raised Advanced Disposal Services from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research note on Wednesday, July 4th.
Advanced Disposal Services stock traded up $0.16 during midday trading on Friday, reaching $27.25. The company’s stock had a trading volume of 243,842 shares, compared to its average volume of 385,892. Advanced Disposal Services has a fifty-two week low of $21.50 and a fifty-two week high of $27.93. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.69 and a current ratio of 0.69. The company has a market cap of $2.39 billion, a P/E ratio of 57.98, a price-to-earnings-growth ratio of 3.02 and a beta of 0.62.
Large investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC acquired a new position in shares of Advanced Disposal Services during the 2nd quarter worth $100,000. SG Americas Securities LLC purchased a new stake in Advanced Disposal Services during the 1st quarter worth about $132,000. Dynamic Technology Lab Private Ltd purchased a new stake in Advanced Disposal Services during the 1st quarter worth about $230,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Advanced Disposal Services during the 2nd quarter worth about $258,000. Finally, Verition Fund Management LLC purchased a new stake in Advanced Disposal Services during the 1st quarter worth about $262,000. 96.60% of the stock is owned by institutional investors and hedge funds.
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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