Oppenheimer Keeps a Buy Rating on Advanced Disposal Services Inc (ADSW)


Oppenheimer analyst Noah Kaye maintained a Buy rating on Advanced Disposal Services Inc (ADSW) today and set a price target of $30. The company’s shares closed yesterday at $26.86.

Kaye observed:

“We recently hosted investor meetings in the with ADSW VP of Finance and IR Matthew Nelson. Against a healthy backdrop for solid waste fundamentals, ADSW continues to lead price with growth, targeting ~3.3% average yield, 20-30bps margin expansion and 6% normalized FCF growth (adj. for WC/PPE) in FY19. We see steady progress on deleveraging with line of sight to sub-4x by early FY20, which we believe could re-rate the shares. We are also positive on ADSW’s M&A opportunity, which we believe can drive outsized revenue growth relative to peers at accretive multiples. Maintain Outperform.”

According to TipRanks.com, Kaye is a 4-star analyst with an average return of 6.3% and a 55.8% success rate. Kaye covers the Industrial Goods sector, focusing on stocks such as Rockwell Automation Inc, Caterpillar, and BorgWarner.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Advanced Disposal Services Inc with a $28 average price target.

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The company has a one-year high of $28 and a one-year low of $21.75. Currently, Advanced Disposal Services Inc has an average volume of 388.1K.

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Advanced Disposal Services, Inc. engages in the provision of non-hazardous solid waste collection, transfer, recyling, and disposal services. It operates through the following segments: South, East, Midwest, and Corporate. The company was founded in November, 2000 and is headquartered in Ponte Vedra, FL.