Advanced Emissions Solutions (ADES) Upgraded by ValuEngine to “Buy”
ValuEngine upgraded shares of Advanced Emissions Solutions (NASDAQ:ADES) from a hold rating to a buy rating in a research report released on Wednesday morning.
A number of other equities analysts also recently weighed in on ADES. HC Wainwright set a $18.00 target price on Advanced Emissions Solutions and gave the company a buy rating in a report on Wednesday, August 9th. Zacks Investment Research upgraded Advanced Emissions Solutions from a hold rating to a buy rating and set a $12.00 target price on the stock in a report on Friday, August 11th. Finally, Canaccord Genuity reiterated a buy rating and issued a $20.00 target price on shares of Advanced Emissions Solutions in a report on Thursday, September 28th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the stock. Advanced Emissions Solutions presently has a consensus rating of Buy and an average target price of $17.00.
Shares of Advanced Emissions Solutions (ADES) traded up $0.10 on Wednesday, hitting $8.12. The stock had a trading volume of 165,100 shares, compared to its average volume of 111,051. The firm has a market cap of $169.14, a P/E ratio of 5.11 and a beta of 2.66. Advanced Emissions Solutions has a one year low of $7.65 and a one year 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 analysts’ consensus estimates of $0.71 by ($0.43). The business had revenue of $2.29 million during the quarter, compared to analyst estimates of $8.30 million. Advanced Emissions Solutions had a net margin of 249.58% and a return on equity of 45.61%. analysts anticipate that Advanced Emissions Solutions will post 1.29 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 6th. Investors of record on Friday, November 17th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $1.00 dividend on an annualized basis and a yield of 12.32%. Advanced Emissions Solutions’s dividend payout ratio is currently 22.99%.
Advanced Emissions Solutions declared that its board has approved a share repurchase program on Monday, December 4th that permits the company to repurchase $10.00 million in outstanding shares. This repurchase authorization permits the industrial products company to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.
A number of institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp boosted its position in Advanced Emissions Solutions by 40.4% during the first quarter. Bank of New York Mellon Corp now owns 16,543 shares of the industrial products company’s stock worth $158,000 after purchasing an additional 4,757 shares during the period. Vanguard Group Inc. boosted its position in Advanced Emissions Solutions by 1.1% during the first quarter. Vanguard Group Inc. now owns 786,434 shares of the industrial products company’s stock worth $7,502,000 after purchasing an additional 8,650 shares during the period. The Manufacturers Life Insurance Company boosted its position in Advanced Emissions Solutions by 13,343.1% during the second 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. Dimensional Fund Advisors LP bought a new stake in Advanced Emissions Solutions during the third quarter worth approximately $206,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Advanced Emissions Solutions in the third quarter valued at approximately $244,000. 71.29% of the stock is owned by hedge funds and other institutional investors.
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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