Advanced Emissions Solutions (NASDAQ:ADES)‘s stock had its “buy” rating reaffirmed by research analysts at HC Wainwright in a report released on Wednesday. They presently have a $18.00 price target on the industrial products company’s stock. HC Wainwright’s price target points to a potential upside of 68.07% from the stock’s current price.
A number of other equities analysts also recently commented on ADES. ValuEngine downgraded Advanced Emissions Solutions from a “buy” rating to a “hold” rating in a report on Monday, November 27th. Zacks Investment Research upgraded Advanced Emissions Solutions from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 9th. One research analyst has rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $16.67.
Advanced Emissions Solutions (ADES) opened at $10.71 on Wednesday. The firm has a market capitalization of $217.08, a PE ratio of 6.71 and a beta of 1.78. Advanced Emissions Solutions has a twelve month low of $7.00 and a twelve month high of $12.20.
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 large investors have recently added to or reduced their stakes in the stock. Millennium Management LLC acquired a new position in Advanced Emissions Solutions in the fourth quarter worth approximately $160,000. Alta Fundamental Advisers LLC increased its holdings in Advanced Emissions Solutions by 25.6% in the fourth quarter. Alta Fundamental Advisers LLC now owns 1,286,334 shares of the industrial products company’s stock worth $12,425,000 after buying an additional 262,266 shares during the last quarter. Guggenheim Capital LLC increased its holdings in Advanced Emissions Solutions by 90.4% in the fourth quarter. Guggenheim Capital LLC now owns 62,646 shares of the industrial products company’s stock worth $604,000 after buying an additional 29,739 shares during the last quarter. AXA increased its holdings in Advanced Emissions Solutions by 10.0% in the fourth quarter. AXA now owns 83,467 shares of the industrial products company’s stock worth $806,000 after buying an additional 7,600 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Advanced Emissions Solutions by 557.7% in the fourth quarter. Bank of New York Mellon Corp now owns 442,640 shares of the industrial products company’s stock worth $4,276,000 after buying an additional 375,336 shares during the last quarter. Hedge funds and other institutional investors own 69.63% of the company’s stock.
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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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