TheStreet upgraded Advanced Drainage Systems Inc (NYSE:WMS) to Buy in a report released today.
- Updated: October 7, 2016
TheStreet has upgraded Advanced Drainage Systems Inc (NYSE:WMS) to Buy in a report released on 10/6/2016.
Previously on 10/7/2016, RBC Capital Markets reported about Advanced Drainage Systems Inc (NYSE:WMS) lowered the target price from $29.00 to $26.00. At the time, this indicated a possible upside of 0.16%.
Yesterday Advanced Drainage Systems Inc (NYSE:WMS) traded -8.48% lower at $21.58. The company’s 50-day moving average is $23.75 and its 200-day moving average is $24.62. The last stock close price is down -12.35% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 2,330,057 shares of the stock were exchanged, up from an average trading volume of 303,008
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Advanced Drainage Systems Inc has a 52 week low of $17.72 and a 52 week high of $32.50 with a P/E ratio of 79.93 The company’s market cap is currently $0.
In addition to TheStreet reporting its target price, a total of 7 analysts have released a research note on WMS. The one year target is $24.29 with zero analysts rating the company a strong buy, zero analysts rating the company a buy, zero brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
Brief Synopsis On 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 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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