Analysts Offer Insights on Conglomerates Companies: HC2 Holdings (HCHC) and Advanced Emissions Solutions, Inc. (ADES)


There’s a lot to be optimistic about in the Conglomerates sector as 2 analysts just weighed in on HC2 Holdings (HCHC) and Advanced Emissions Solutions, Inc. (ADES) with bullish sentiments.

HC2 Holdings (HCHC)

B.Riley FBR analyst Sarkis Sherbetchyan reiterated a Buy rating on HC2 Holdings today and set a price target of $11. The company’s shares closed yesterday at $2.48, close to its 52-week low of $2.07.

Sherbetchyan observed:

“Buy-rated HC2 Holdings (HCHC, $11 PT) reported 1Q adjusted EBITDA from its core operating subsidiaries of $14M, compared to our $16M forecast. The marine services segment drove the miss. We remain encouraged with the backlog, which stood at $455M at the end of 1Q. That said, marine services’ operating performance is increasingly weighted toward 2H19. We thus reduce our FY19 adjusted EBITDA estimate lower for this segment. The construction segment booked a solid 1Q performance, offsetting the weakness in marine services. In that regard, the backlog increased sequentially; management reiterated FY19 adjusted EBITDA guidance of $75M to $80M. We therefore maintain our construction segment adjusted EBITDA forecasts.”

According to TipRanks.com, Sherbetchyan is a 2-star analyst with an average return of 0.4% and a 45.7% success rate. Sherbetchyan covers the Consumer Goods sector, focusing on stocks such as Vishay Precision Group, S&W Seed Company, and Ferroglobe PLC.

Currently, the analyst consensus on HC2 Holdings is a Moderate Buy with an average price target of $11.

See today’s analyst top recommended stocks >>

Advanced Emissions Solutions, Inc. (ADES)

H.C. Wainwright analyst Amit Dayal maintained a Buy rating on Advanced Emissions Solutions, Inc. today and set a price target of $18. The company’s shares closed yesterday at $12.46.

According to TipRanks.com, Dayal is a 1-star analyst with an average return of -1.2% and a 47.0% success rate. Dayal covers the Industrial Goods sector, focusing on stocks such as Ballard Power Systems, Orion Energy Systems, and UQM Technologies Inc.

Currently, the analyst consensus on Advanced Emissions Solutions, Inc. is a Moderate Buy with an average price target of $18.

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