Advanced Drainage Systems Research Coverage Started at Deutsche Bank (WMS)
Deutsche Bank started coverage on shares of Advanced Drainage Systems (NYSE:WMS) in a research note issued on Wednesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $24.00 price target on the stock. Deutsche Bank’s target price would suggest a potential upside of 26.25% from the company’s current price.
Advanced Drainage Systems (NYSE:WMS) opened at 19.01 on Wednesday. Advanced Drainage Systems has a 52 week low of $14.74 and a 52 week high of $19.60. The stock has a 50-day moving average of $16.47 and a 200-day moving average of $16.47. The company’s market cap is $1.003 billion.
Advanced Drainage Systems (NYSE:WMS) last released its earnings data on Wednesday, September 3rd. The company reported $0.25 earnings per share for the quarter. During the same quarter in the prior year, the company posted $0.17 earnings per share.
In other Advanced Drainage Systems news, major shareholder Asp Ads Investco, Llc sold 514,286 shares of Advanced Drainage Systems stock on the open market in a transaction dated Friday, August 22nd. The shares were sold at an average price of $14.96, for a total value of $7,693,718.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Separately, analysts at RBC Capital initiated coverage on shares of Advanced Drainage Systems in a research note on Wednesday. They set an “outperform” rating and a $21.00 price target on the stock.
Advanced Drainage Systems, Inc is a manufacturer of thermoplastic corrugated pipe, providing a comprehensive suite of water management products and superior drainage solutions for use in the construction and infrastructure marketplace.
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