October 15, 2017 – By Vivian Park
The stock of Advanced Disposal Services Inc (ADSW) formed an up wedge with $26.57 target or 8.00 % above today’s $24.60 share price. The 9 months wedge indicates low risk for the $2.17 billion company. If the $26.57 price target is reached, the company will be worth $173.60 million more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.
The stock decreased 0.57% or $0.14 on October 13, reaching $24.6. About 152,452 shares traded. Advanced Disposal Services Inc (NYSE:ADSW) has 0.00% since October 15, 2016 and is . It has underperformed by 16.70% the S&P500.
Analysts expect Advanced Disposal Services Inc (NYSE:ADSW) to report $0.17 EPS on November, 1.They anticipate $0.11 EPS change or 183.33 % from last quarter’s $0.06 EPS. ADSW’s profit would be $15.00M giving it 36.18 P/E if the $0.17 EPS is correct. After having $0.16 EPS previously, Advanced Disposal Services Inc’s analysts see 6.25 % EPS growth.
Advanced Disposal Services Inc (NYSE:ADSW) Ratings Coverage
Among 9 analysts covering Advanced Disposal (NYSE:ADSW), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Advanced Disposal had 13 analyst reports since October 31, 2016 according to SRatingsIntel. The firm has “Outperform” rating by Oppenheimer given on Tuesday, January 10. Bank of America initiated the stock with “Neutral” rating in Monday, October 31 report. The firm has “Outperform” rating given on Monday, October 31 by Credit Suisse. Oppenheimer maintained the shares of ADSW in report on Friday, May 5 with “Buy” rating. Bank of America upgraded Advanced Disposal Services Inc (NYSE:ADSW) rating on Friday, March 3. Bank of America has “Buy” rating and $2 target. The stock has “Equal Weight” rating by Barclays Capital on Monday, August 7. Macquarie Research initiated Advanced Disposal Services Inc (NYSE:ADSW) on Monday, October 31 with “Outperform” rating. The company was downgraded on Wednesday, October 4 by Stifel Nicolaus. The stock of Advanced Disposal Services Inc (NYSE:ADSW) earned “Overweight” rating by First Analysis on Monday, October 31. Stifel Nicolaus initiated the shares of ADSW in report on Monday, October 31 with “Buy” rating.
More notable recent Advanced Disposal Services Inc (NYSE:ADSW) news were published by: Benzinga.com which released: “What A Waste: Advanced Disposal Services Likely Hit Hard By Hurricanes” on October 04, 2017, also Seekingalpha.com with their article: “IPO Quiet Period: Advanced Disposal Services” published on October 21, 2016, Seekingalpha.com published: “Advanced Disposal Services Needs To Be Dumped” on March 23, 2017. More interesting news about Advanced Disposal Services Inc (NYSE:ADSW) were released by: Seekingalpha.com and their article: “Advanced Disposal Services – A Very Leveraged IPO With Poor Margins” published on October 07, 2016 as well as Crainsdetroit.com‘s news article titled: “Strikers at Arbor Hills landfill want comprehensive contract” with publication date: October 11, 2017.
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