Canaccord Genuity Believes ADA-ES (ADES) Still Has Room to Grow


Canaccord Genuity analyst Alex Brooks reiterated a Buy rating on ADA-ES (NASDAQ: ADES) today and set a price target of $22. The company’s shares opened today at $11.64, close to its 52-week high of $12.20.

Brooks has an average return of 19.1% when recommending ADA-ES.

According to TipRanks.com, Brooks is ranked #457 out of 4842 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for ADA-ES with a $18 average price target.

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The company has a one-year high of $12.20 and a one-year low of $7. Currently, ADA-ES has an average volume of 105.7K.

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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

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