Advanced Disposal Services Inc (ADSW) Rating Increased to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Advanced Disposal Services Inc (NASDAQ:ADSW) from a hold rating to a buy rating in a report published on Friday, May 12th. Zacks Investment Research currently has $25.00 target price on the stock.

According to Zacks, “Advanced Disposal Services, Inc. is a waste management company. It offers waste collection, transfer, recycling and disposal services for residential, commercial and industrial customers. The company serves primarily in United States. Advanced Disposal Services, Inc. is based in Ponte Vedra, FL. “

ADSW has been the subject of several other reports. Oppenheimer Holdings, Inc. reaffirmed a buy rating on shares of Advanced Disposal Services in a report on Thursday, May 4th. CIBC reaffirmed a buy rating on shares of Advanced Disposal Services in a report on Friday, May 5th. Bank of America Corporation upgraded Advanced Disposal Services from a neutral rating to a buy rating and upped their price objective for the company from $22.00 to $27.00 in a research note on Friday, March 3rd. Barclays PLC reiterated a buy rating on shares of Advanced Disposal Services in a research note on Friday, March 3rd. Finally, Stifel Nicolaus increased their target price on Advanced Disposal Services from $23.00 to $25.00 and gave the stock a buy rating in a research report on Tuesday, February 21st. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company presently has an average rating of Buy and an average price target of $24.80.

Advanced Disposal Services (NASDAQ ADSW) traded up 1.24% during trading on Friday, reaching $23.75. The company’s stock had a trading volume of 893,279 shares. The firm’s market cap is $2.10 billion. Advanced Disposal Services has a 52 week low of $18.32 and a 52 week high of $24.10. The stock’s 50 day moving average is $23.02 and its 200-day moving average is $22.36.

Advanced Disposal Services (NASDAQ:ADSW) last issued its quarterly earnings data on Thursday, May 4th. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.06. The company had revenue of $347.40 million for the quarter, compared to the consensus estimate of $341.08 million. Advanced Disposal Services’s quarterly revenue was up 4.1% on a year-over-year basis. On average, equities research analysts forecast that Advanced Disposal Services will post $0.46 earnings per share for the current fiscal year.

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In related news, insider Steven R. Carn sold 45,000 shares of the firm’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $23.37, for a total transaction of $1,051,650.00. Following the completion of the sale, the insider now owns 324,733 shares of the company’s stock, valued at $7,589,010.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Steven R. Carn sold 55,000 shares of Advanced Disposal Services stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $21.87, for a total transaction of $1,202,850.00. Following the completion of the sale, the insider now directly owns 369,733 shares of the company’s stock, valued at approximately $8,086,060.71. The disclosure for this sale can be found here.

Several large investors have recently modified their holdings of the stock. Stevens Capital Management LP acquired a new stake in shares of Advanced Disposal Services during the first quarter worth about $228,000. Boothbay Fund Management LLC acquired a new stake in shares of Advanced Disposal Services during the fourth quarter worth about $273,000. American International Group Inc. acquired a new stake in shares of Advanced Disposal Services during the first quarter worth about $288,000. Nationwide Fund Advisors increased its stake in shares of Advanced Disposal Services by 15.9% in the first quarter. Nationwide Fund Advisors now owns 13,109 shares of the company’s stock worth $296,000 after buying an additional 1,795 shares during the last quarter. Finally, Quantitative Systematic Strategies LLC acquired a new stake in shares of Advanced Disposal Services during the first quarter worth about $345,000.

About Advanced Disposal Services

Advanced Disposal Services, Inc is an integrated provider of non-hazardous solid waste collection, transfer, recycling and disposal services operating primarily in secondary markets or under exclusive arrangements. The Company’s segments include South, East, Midwest and Corporate. As of December 31, 2016, the Company had its presence in 16 states across the Midwest, South and East regions of the United States, as well as in the Commonwealth of the Bahamas, served approximately 2.7 million residential customers and over 200,000 commercial and industrial (C&I) customers through its network of 90 collection operations, 72 transfer stations, 21 owned or operated recycling facilities and 39 owned or operated active landfills.

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