Important Rating: RBC Capital Maintains Advanced Drainage Systems (NYSE:WMS) As “Sector Perform”; Has TP Of $22.0

November 30, 2016 - By Clifton Ray

Important Rating: RBC Capital Maintains Advanced Drainage Systems (NYSE:WMS) As

Advanced Drainage Systems (NYSE:WMS) Rating

They currently have a $22.0 target on Advanced Drainage Systems (NYSE:WMS). RBC Capital’s target would suggest a potential upside of 7.06% from the company’s previous close. This was revealed to investors in analysts report on Wednesday morning.

Advanced Drainage Systems Inc (NYSE:WMS) Ratings Coverage

Out of 3 analysts covering Advanced Drainage Systems (NYSE:WMS), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. $32 is the highest target while $24 is the lowest. The $25.50 average target is 24.09% above today’s ($20.55) stock price. Advanced Drainage Systems has been the topic of 8 analyst reports since November 24, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained it with “Outperform” rating and $29 target price in Wednesday, June 8 report. The stock of Advanced Drainage Systems Inc (NYSE:WMS) earned “Hold” rating by Deutsche Bank on Wednesday, June 8. The company was maintained on Thursday, March 31 by Deutsche Bank. Boenning & Scattergood downgraded the shares of WMS in a report on Thursday, August 11 to “Neutral” rating. The stock has “Outperform” rating given by RBC Capital Markets on Wednesday, February 24. Deutsche Bank downgraded Advanced Drainage Systems Inc (NYSE:WMS) rating on Tuesday, November 24. Deutsche Bank has “Hold” rating and $32 price target. RBC Capital Markets maintained the stock with “Outperform” rating in Monday, January 11 report. The company was maintained on Friday, October 7 by RBC Capital Markets.

The stock decreased 0.68% or $0.14 during the last trading session, hitting $20.55. Advanced Drainage Systems Inc (NYSE:WMS) has declined 14.66% since April 27, 2016 and is downtrending. It has underperformed by 19.89% the S&P500.

Insitutional Activity: The institutional sentiment decreased to 1.17 in Q2 2016. Its down 0.41, from 1.58 in 2016Q1. The ratio dived, as 11 funds sold all Advanced Drainage Systems Inc shares owned while 25 reduced positions. 15 funds bought stakes while 42 increased positions. They now own 38.73 million shares or 3.99% more from 37.25 million shares in 2016Q1.

Pictet Asset Mngmt has 0.11% invested in the company for 1.11 million shares. Citigroup Inc has 3,876 shares for 0% of their US portfolio. Morgan Stanley holds 7,865 shares or 0% of its portfolio. The New York-based Blackrock has invested 0% in Advanced Drainage Systems Inc (NYSE:WMS). Legal General Grp Inc Public Ltd Liability owns 9,099 shares or 0% of their US portfolio. Moreover, Gam Holding Ag has 0.01% invested in Advanced Drainage Systems Inc (NYSE:WMS) for 12,000 shares. Blackrock Institutional Tru Na last reported 888,371 shares in the company. Schroder Invest Mgmt Grp, a Maine-based fund reported 416,000 shares. Ack Asset Mngmt Limited Liability Corp last reported 1.16 million shares in the company. The Massachusetts-based Wellington Management Gru Llp has invested 0.04% in Advanced Drainage Systems Inc (NYSE:WMS). Ladenburg Thalmann holds 400 shares or 0% of its portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) has 862 shares for 0% of their US portfolio. Schwab Charles Management has 0% invested in the company for 109,781 shares. Parametric Port Associate Ltd last reported 110,771 shares in the company. Cadence Cap Management Limited Co has invested 0.08% of its portfolio in Advanced Drainage Systems Inc (NYSE:WMS).

Advanced Drainage Systems, Inc. is engaged in designing, manufacturing and marketing of thermoplastic corrugated pipe and related water management products, primarily in North and South America, and Europe. The company has a market cap of $1.10 billion. The Firm operates through two divisions: Domestic and International. It has a 42.28 P/E ratio. The Domestic segment makes and markets products throughout the United States.

According to Zacks Investment Research, “Advanced Drainage Systems, Inc. is a manufacturer of thermoplastic corrugated pipe, providing a comprehensive suite of water management products and drainage solutions for use in the construction and infrastructure marketplace. The company provides single, double, and triple wall corrugated polypropylene and polyethylene pipes; and allied products comprising PVC drainage structures, fittings and filters, and water quality filters and separators. Its products are used across a broad range of end markets and applications, including non-residential, residential, agriculture and infrastructure applications. Advanced Drainage Systems, Inc. is headquartered in Hilliard, Ohio.”

WMS Company Profile

Advanced Drainage Systems, Inc., incorporated on October 31, 1966, is engaged in designing, manufacturing and marketing of thermoplastic corrugated pipe and related water management products, primarily in North and South America, and Europe. The Firm operates through two divisions: Domestic and International. The Company’s product line includes corrugated high density polyethylene (HDPE) pipe, polypropylene (PP) pipe and related water management products. The Company’s products are used across a range of end markets and applications, including non-residential, residential, agriculture and infrastructure applications. The Firm also offers various products categorized into storm and septic chambers, polyvinyl chloride (PVC) drainage structures, fittings and filters, and water quality filters and separators.

More notable recent Advanced Drainage Systems Inc (NYSE:WMS) news were published by: Streetinsider.com which released: “Advanced Drainage Systems (WMS) Plans to Restate Prior Period Financial Statements” on November 29, 2016, also Bizjournals.com with their article: “Advanced Drainage Systems blames ‘tone at the top’ for accounting errors” published on March 30, 2016, Forbes.com published: “Advanced Drainage Systems Becomes Oversold (WMS)” on August 22, 2016. More interesting news about Advanced Drainage Systems Inc (NYSE:WMS) were released by: Nasdaq.com and their article: “YieldBoost Advanced Drainage Systems From 1.2% To 14.9% Using Options” published on November 15, 2016 as well as Businesswire.com‘s news article titled: “Advanced Drainage Systems, Inc. Opens Distribution Center in Florida” with publication date: March 02, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>