Bank of America Lowers Advanced Disposal Services (ADSW) to Neutral

Bank of America downgraded shares of Advanced Disposal Services (NYSE:ADSW) from a buy rating to a neutral rating in a research report sent to investors on Wednesday morning, MarketBeat reports. Bank of America currently has $27.00 price target on the stock. The analysts noted that the move was a valuation call.

A number of other research analysts have also issued reports on the company. Zacks Investment Research upgraded Advanced Disposal Services from a hold rating to a buy rating and set a $28.00 price objective for the company in a research report on Wednesday, July 4th. Morgan Stanley initiated coverage on Advanced Disposal Services in a research report on Friday, October 12th. They set a weight rating and a $27.00 price objective for the company. Finally, First Analysis boosted their price objective on Advanced Disposal Services to $32.00 and gave the company a strong-buy rating in a research report on Tuesday, September 18th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Advanced Disposal Services currently has a consensus rating of Buy and a consensus target price of $27.86.

Shares of ADSW opened at $25.74 on Wednesday. The company has a market capitalization of $2.26 billion, a PE ratio of 44.81, a PEG ratio of 2.85 and a beta of 0.61. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 2.04. Advanced Disposal Services has a 52 week low of $21.50 and a 52 week high of $27.93.

Advanced Disposal Services (NYSE:ADSW) last issued its earnings results on Wednesday, August 1st. The company reported $0.19 EPS for the quarter, hitting the consensus estimate of $0.19. The company had revenue of $398.10 million during the quarter, compared to analyst estimates of $390.72 million. Advanced Disposal Services had a return on equity of 5.68% and a net margin of 3.72%. The business’s revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.16 EPS. Equities analysts expect that Advanced Disposal Services will post 0.61 earnings per share for the current year.

A number of large investors have recently added to or reduced their stakes in ADSW. Tower Research Capital LLC TRC acquired a new position in Advanced Disposal Services during the 2nd quarter valued at approximately $100,000. Bank of Montreal Can boosted its position in Advanced Disposal Services by 1,329.9% during the 3rd quarter. Bank of Montreal Can now owns 7,364 shares of the company’s stock worth $199,000 after acquiring an additional 6,849 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in Advanced Disposal Services during the 1st quarter worth $230,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Advanced Disposal Services during the 2nd quarter worth $258,000. Finally, Verition Fund Management LLC acquired a new position in Advanced Disposal Services during the 1st quarter worth $262,000. Institutional investors and hedge funds own 96.76% of the company’s stock.

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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Analyst Recommendations for Advanced Disposal Services (NYSE:ADSW)

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