5 Analysts Weigh In On Advanced Disposal Services

Advanced Disposal Services, Inc. ADSW IPO'd earlier this month. At least five brokerages weighed in on the stock today, and they seem to see about 20 percent upside.

The company issued 19.25 million shares at a price of $18.00 a share; its initial range was $18-$20. On October 6, the company's stock made its debut on the NYSE and shares opened at $20.50. The stock traded below the $19 level at $18.86 on October 20.

The following brokerages have given their rating and target price:

• Credit Suisse initiated with an Outperform rating and $24 price target. The firm thinks the company could provide considerable upside, pointing out the new phase of growth.
• Deutsche Bank commenced with a Buy rating and $23 price objective. The brokerage believes the company enjoys the advanced position in secondary waste markets that offer attractive margin profile.
• Macquarie initiated with an Outperform rating and $24 target price. The firm thinks the company is in the process of creating a greater route density and operational enhancements could allow the company to deliver EBITDA margins of maximum of 30 percent range in the upcoming period.
• Barclays started with an Overweight rating and $25 price target, citing it as a top pick in the industry. The brokerage doesn't see a dividend or repurchase of its own share at least minimum 2020.
• UBS commenced with a Buy rating and $25 price tag. The firm thinks the stock is both attractive and defensive.