Stock Rating Runner: RBC Capital Mkts Keeps Advanced Drainage Systems (NYSE:WMS) As “Sector Perform”; Has Price Objective Of $22

November 30, 2016 - By whatsonthorold

Stock Rating Runner: RBC Capital Mkts Keeps Advanced Drainage Systems (NYSE:WMS) As

Advanced Drainage Systems (NYSE:WMS) Rating

New York: In a research report released on 30 November, RBC Capital Mkts restate their “Sector Perform” rating on shares of Advanced Drainage Systems (NYSE:WMS). They currently have a $22 target price per share on the company. RBC Capital Mkts’s target means a potential upside of 7.06% from the company’s last price.

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 Advanced Drainage Systems Inc (NYSE:WMS) on Monday, January 11 with “Outperform” rating. RBC Capital Markets maintained Advanced Drainage Systems Inc (NYSE:WMS) rating on Friday, October 7. RBC Capital Markets has “Outperform” rating and $26 price target. As per Wednesday, June 8, the company rating was maintained by Deutsche Bank. RBC Capital Markets maintained Advanced Drainage Systems Inc (NYSE:WMS) on Wednesday, February 24 with “Outperform” rating. On Wednesday, June 8 the stock rating was maintained by RBC Capital Markets with “Outperform”. The firm has “Neutral” rating by Boenning & Scattergood given on Thursday, August 11. Deutsche Bank downgraded the shares of WMS in a report on Tuesday, November 24 to “Hold” rating. The stock has “Hold” rating given by Deutsche Bank on Thursday, March 31.

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 2016 Q2. Its down 0.41, from 1.58 in 2016Q1. The ratio worsened, 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.

California State Teachers Retirement Sys reported 72,829 shares or 0% of all its holdings. Voya Invest Mngmt Ltd Liability accumulated 13,106 shares or 0% of the stock. Lord Abbett Ltd Llc holds 0.06% of its portfolio in Advanced Drainage Systems Inc (NYSE:WMS) for 710,291 shares. Royal Savings Bank Of Canada, a Ontario – Canada-based fund reported 600 shares. Kbc Gru Nv has 0.05% invested in the company for 140,301 shares. Invesco Limited has 0.01% invested in the company for 518,776 shares. Credit Agricole S A has 0.02% invested in the company for 155,000 shares. Stockbridge Partners has 3.55 million shares for 5.08% of their US portfolio. D E Shaw And Incorporated reported 19,300 shares or 0% of all its holdings. Moreover, Qs Lc has 0% invested in Advanced Drainage Systems Inc (NYSE:WMS) for 15 shares. Par Capital Management, a Massachusetts-based fund reported 2.54 million shares. Rhumbline Advisers has invested 0% of its portfolio in Advanced Drainage Systems Inc (NYSE:WMS). Blackrock Institutional Trust Na has invested 0% of its portfolio in Advanced Drainage Systems Inc (NYSE:WMS). Geode Cap Ltd Llc accumulated 0% or 249,134 shares. Vanguard Group Inc Inc Inc has 2.51M shares for 0% of their US portfolio.

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: Businesswire.com which released: “Advanced Drainage Systems 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

>