In a report released today, Amit Dayal from H.C. Wainwright maintained a Buy rating on ADA-ES (NASDAQ: ADES), with a price target of $18. The company’s shares closed yesterday at $11.19.
According to TipRanks.com, Dayal is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -4.6% and a 37.1% success rate. Dayal covers the Consumer Goods sector, focusing on stocks such as Superconductor Technologies Inc, Pointer Telocation Ltd, and Pacific Ethanol.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for ADA-ES with a $20 average price target.
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Based on ADA-ES’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $15.24 million. In comparison, last year the company had a net profit of $6.36 million.
Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ADES in relation to earlier this year.
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Advanced Emissions Solutions, Inc. is a holding company, which engages in the provision of environmental and emission control equipment to power generation industry. It operates through the Refined Coal and Emissions Control segments. The Refined Coal segment includes Tinuum Group, Tinuum Services, and GWN Manager.
