Advanced Drainage Systems (NYSE:WMS) stock price target reduced to $26.00, issued a research note today by RBC Capital
- Updated: October 6, 2016
In a report released on 10/07/2016 RBC Capital lowered the target price of Advanced Drainage Systems (NYSE:WMS) from $29.00 to $26.00 stating a potential upside of 0.20%.
Boasting a price of $21.58, Advanced Drainage Systems (NYSE:WMS) traded -8.48% lower on the day. With the last stock price close down -12.35% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Advanced Drainage Systems has recorded a 50-day average of $23.75 and a two hundred day average of $24.62. Volume of trade was up over the average, with 2,330,057 shares of WMS changing hands over the typical 303,008
With a total market value of $0, Advanced Drainage Systems has price-earnings ratio of 79.93 with a one year low of $17.72 and a one year high of $32.50 .
A total of 7 equity analysts have released a ratings update on WMS. zero equity analysts rating the company a strong buy, zero equity analysts rating the company a buy, zero equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $24.29.
Brief Synopsis 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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