Aduro Clean Technologies Inc. (NASDAQ:ADUR) Stock Has Consensus Target Price of $29.25 According to Analysts

Key Points

• Aduro Clean Technologies has a “Moderate Buy” consensus rating from six analysts, with three buys, one strong buy and two sells. The average 12-month price target is $29.25, compared with the reported share price of $11.11.
• Recent analyst opinions remain divided: Roth Capital initiated coverage with a $30 price target and buy rating, while Zacks Research and Wall Street Zen issued strong-sell ratings.
• The company reported a quarterly loss of $0.27 per share, missing the consensus estimate of a $0.08 loss. Analysts expect a full-year loss of approximately $0.40 per share.

Shares of Aduro Clean Technologies Inc. (NASDAQ:ADUR - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the six brokerages that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $29.25.

ADUR has been the subject of a number of recent research reports. HC Wainwright reiterated a "buy" rating and issued a $22.00 target price on shares of Aduro Clean Technologies in a report on Wednesday, September 23rd. Zacks Research downgraded Aduro Clean Technologies from a "hold" rating to a "strong sell" rating in a report on Friday, September 25th. Wall Street Zen lowered Aduro Clean Technologies from a "sell" rating to a "strong sell" rating in a research report on Saturday, September 5th. Roth Capital started coverage on Aduro Clean Technologies in a research report on Monday, July 27th. They issued a "buy" rating and a $30.00 price target on the stock. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Aduro Clean Technologies in a research note on Friday, July 17th.

Institutional Trading of Aduro Clean Technologies

Hedge funds have recently added to or reduced their stakes in the company. Longview Financial Advisors Inc. purchased a new position in Aduro Clean Technologies in the first quarter worth approximately $28,000. NewEdge Advisors LLC increased its position in shares of Aduro Clean Technologies by 18.3% in the 2nd quarter. NewEdge Advisors LLC now owns 38,332 shares of the company's stock valued at $604,000 after purchasing an additional 5,916 shares during the last quarter. Bank of America Corp DE acquired a new stake in shares of Aduro Clean Technologies in the 1st quarter valued at $123,000. Squarepoint Ops LLC acquired a new stake in Aduro Clean Technologies in the second quarter valued at $215,000. Finally, DGS Capital Management LLC lifted its holdings in Aduro Clean Technologies by 67.4% during the 4th quarter. DGS Capital Management LLC now owns 37,966 shares of the company's stock worth $393,000 after buying an additional 15,285 shares during the last quarter.

Aduro Clean Technologies Price Performance

Shares of ADUR opened at $11.11 on Monday. The company has a market cap of $392.29 million, a P/E ratio of -17.92 and a beta of 3.28. Aduro Clean Technologies has a fifty-two week low of $9.00 and a fifty-two week high of $18.19. The firm's 50 day moving average price is $13.81 and its 200 day moving average price is $13.64.

Aduro Clean Technologies (NASDAQ:ADUR - Get Free Report) last issued its quarterly earnings results on Monday, August 31st. The company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.19). Research analysts forecast that Aduro Clean Technologies will post -0.40 earnings per share for the current year.

About Aduro Clean Technologies

Aduro Clean Technologies Inc NASDAQ: ADUR is a Canadian technology company developing chemical recycling and resource-upgrading solutions. Its proprietary Hydrochemolytic™ technology uses water, catalysts and controlled process conditions to convert difficult-to-process feedstocks into higher-value products.

The company's platform is designed for applications including the conversion of plastic waste into reusable hydrocarbon feedstocks, the upgrading of renewable oils into lower-carbon fuels and chemicals, and the treatment of heavy oil and bitumen.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.