Advanced Emissions Solutions, Inc. (ADES) Earns “Buy” Rating from Canaccord Genuity
Canaccord Genuity restated their buy rating on shares of Advanced Emissions Solutions, Inc. (NASDAQ:ADES) in a research note issued to investors on Thursday. Canaccord Genuity currently has a $20.00 target price on the industrial products company’s stock.
Other equities analysts have also recently issued research reports about the company. ValuEngine cut Advanced Emissions Solutions from a strong-buy rating to a buy rating in a research report on Friday, September 1st. Zacks Investment Research upgraded Advanced Emissions Solutions from a hold rating to a buy rating and set a $12.00 price target on the stock in a research report on Friday, August 11th. HC Wainwright set a $18.00 price target on Advanced Emissions Solutions and gave the company a buy rating in a research report on Wednesday, August 9th. Finally, TheStreet cut Advanced Emissions Solutions from a b- rating to a c+ rating in a research report on Monday, June 5th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Advanced Emissions Solutions currently has an average rating of Buy and an average target price of $17.00.
Shares of Advanced Emissions Solutions (ADES) opened at 10.97 on Thursday. The company’s 50-day moving average price is $10.25 and its 200 day moving average price is $9.77. Advanced Emissions Solutions has a 12-month low of $7.28 and a 12-month high of $12.25. The firm has a market capitalization of $228.12 million, a price-to-earnings ratio of 2.45 and a beta of 2.85.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 7th. Investors of record on Monday, August 21st were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 9.12%. The ex-dividend date was Thursday, August 17th. Advanced Emissions Solutions’s dividend payout ratio (DPR) is presently 22.22%.
A number of hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp increased its position in Advanced Emissions Solutions by 40.4% in the 1st quarter. Bank of New York Mellon Corp now owns 16,543 shares of the industrial products company’s stock valued at $158,000 after acquiring an additional 4,757 shares during the period. Vanguard Group Inc. increased its position in Advanced Emissions Solutions by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 786,434 shares of the industrial products company’s stock valued at $7,502,000 after acquiring an additional 8,650 shares during the period. BlueCrest Capital Management Ltd acquired a new position in Advanced Emissions Solutions during the 1st quarter worth approximately $140,000. The Manufacturers Life Insurance Company increased its position in Advanced Emissions Solutions by 13,343.1% during the 2nd 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. Finally, New York State Common Retirement Fund acquired a new position in Advanced Emissions Solutions during the 2nd quarter worth approximately $205,000. Hedge funds and other institutional investors own 68.76% of the company’s stock.
Advanced Emissions Solutions Company Profile
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.
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