Advanced Emissions Solutions, Inc. (ADES) Receives Consensus Rating of “Buy” from Analysts
Advanced Emissions Solutions, Inc. (NASDAQ:ADES) has been given an average rating of “Buy” by the six brokerages that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $18.67.
Several research analysts recently weighed in on ADES shares. Canaccord Genuity reaffirmed a “buy” rating and issued a $20.00 target price on shares of Advanced Emissions Solutions in a research report on Thursday, September 28th. ValuEngine lowered Advanced Emissions Solutions from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research lowered Advanced Emissions Solutions from a “buy” rating to a “hold” rating in a research report on Monday, August 14th. Finally, HC Wainwright set a $18.00 target price on Advanced Emissions Solutions and gave the stock a “buy” rating in a research report on Wednesday, August 9th.
Advanced Emissions Solutions (NASDAQ:ADES) opened at $10.87 on Friday. The firm has a market capitalization of $233.25, a price-to-earnings ratio of 7.05 and a beta of 2.80. Advanced Emissions Solutions has a 52-week low of $7.65 and a 52-week high of $12.25.
Advanced Emissions Solutions (NASDAQ:ADES) last issued 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). The firm had revenue of $2.29 million during the quarter, compared to analysts’ expectations of $8.30 million. Advanced Emissions Solutions had a return on equity of 45.61% and a net margin of 249.58%. analysts predict that Advanced Emissions Solutions will post 1.29 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 6th. Investors of record on Friday, November 17th will be issued a $0.25 dividend. The ex-dividend date is Thursday, November 16th. This represents a $1.00 annualized dividend and a yield of 9.20%. Advanced Emissions Solutions’s dividend payout ratio is currently 23.09%.
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A number of hedge funds and other institutional investors have recently made changes to their positions in ADES. Bank of New York Mellon Corp increased its holdings 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 purchasing an additional 4,757 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in Advanced Emissions Solutions by 13,343.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,476 shares of the industrial products company’s stock valued at $160,000 after purchasing an additional 17,346 shares in the last quarter. New York State Common Retirement Fund acquired a new stake in Advanced Emissions Solutions in the 2nd quarter valued at $205,000. Dimensional Fund Advisors LP acquired a new stake in Advanced Emissions Solutions in the 3rd quarter valued at $206,000. Finally, Rhumbline Advisers acquired a new stake in Advanced Emissions Solutions in the 2nd quarter valued at $211,000. Hedge funds and other institutional investors own 70.02% of the company’s stock.
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.
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