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A report released today by RBC Capital Markets about Advanced Drainage Systems (NYSE:WMS) lowers the target price to $26.00

Reporting a possible upside of 0.16%, RBC Capital Markets dropped the price target of Advanced Drainage Systems (NYSE:WMS) to $26.00

Yesterday Advanced Drainage Systems (NYSE:WMS) traded -8.48% lower at $22.36. Advanced Drainage Systems’s 50-day average is $23.75 and its two hundred day average is $24.62. The last stock close price is down -12.35% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Volume of trade was up over the average, with 2,330,057 shares of WMS changing hands over the typical 303,008

Performance Chart

Advanced Drainage Systems (NYSE:WMS)

Advanced Drainage Systems has a 52 week low of $17.72 and a 52 week high of $32.50 with a P/E ratio of 79.93 WMS’s total market value is presently $0.

A total of 7 brokers have issued a research note on the stock. 0 firms rating the stock a strong buy, zero equity analysts rating the company a buy, 0 brokerages rating the stock a hold, zero analysts rating the stock a underperform, and finally 0 brokerages rating the stock a sell with a average stock price target of $24.29.

About Advanced Drainage Systems (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 operates through two segments: Domestic and International. The Domestic segment manufactures and markets products throughout the United States. The International segment manufactures and markets products in certain regions outside of the United States, with a focus on its owned facilities in Canada and through its joint ventures with local partners in Mexico, Central America and South America. Its product line includes corrugated high density polyethylene (HDPE) pipe, polypropylene (PP) pipe and related water management products. Its products are used across a range of end markets and applications, including non-residential, residential, agriculture and infrastructure applications.

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