Advanced Emissions Solutions, Inc. (NASDAQ:ADES) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research note issued on Friday.
According to Zacks, “Advanced Emissions Solutions, Inc. develops, offers and implements environmental technologies, equipment and specialty chemicals that enable coal-fueled power plants to meet emissions regulations. It operates in three principal business segments: Refined Coal, Emissions Control and CO2 capture. The company also offers dry sorbent injection systems to control SO2 and acid gases. It operates primarily in the United States along with its subsidiaries. Advanced Emissions Solutions, Inc. formerly known as ADA-ES, Inc., is based in Highlands Ranch, Colorado. “
Other research analysts have also recently issued reports about the stock. Canaccord Genuity reissued a “buy” rating and set a $20.00 target price on shares of Advanced Emissions Solutions in a research report on Thursday, September 28th. ValuEngine cut shares of Advanced Emissions Solutions from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. Finally, HC Wainwright set a $18.00 target price on shares of Advanced Emissions Solutions and gave the stock a “buy” rating in a research report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Advanced Emissions Solutions presently has a consensus rating of “Buy” and a consensus target price of $17.00.
Shares of Advanced Emissions Solutions (ADES) traded up $0.27 during mid-day trading on Friday, reaching $11.56. 109,900 shares of the company’s stock were exchanged, compared to its average volume of 95,476. The firm has a market capitalization of $243.79, a PE ratio of 7.36 and a beta of 2.81. Advanced Emissions Solutions has a 1 year low of $7.65 and a 1 year high of $12.25.
Advanced Emissions Solutions (NASDAQ:ADES) last posted its earnings results on Monday, November 6th. The industrial products company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.43). Advanced Emissions Solutions had a return on equity of 45.61% and a net margin of 249.58%. The firm had revenue of $2.29 million for the quarter, compared to analyst estimates of $8.30 million. sell-side analysts expect that Advanced Emissions Solutions will post 1.29 EPS for the current year.
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Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp lifted its position in shares of 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 in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Advanced Emissions Solutions by 13,343.1% in the second quarter. The Manufacturers Life Insurance Company now owns 17,476 shares of the industrial products company’s stock worth $160,000 after buying an additional 17,346 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Advanced Emissions Solutions in the third quarter worth $244,000. New York State Common Retirement Fund bought a new stake in shares of Advanced Emissions Solutions in the second quarter worth $205,000. Finally, Rhumbline Advisers bought a new stake in shares of Advanced Emissions Solutions in the second quarter worth $211,000. 69.81% of the stock is currently owned by institutional investors and hedge funds.
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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