Advanced Drainage Systems Research Coverage Started at RBC Capital (WMS)
Research analysts at RBC Capital began coverage on shares of Advanced Drainage Systems (NYSE:WMS) in a report released on Wednesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating and a $21.00 price target on the stock. RBC Capital’s price objective would suggest a potential upside of 10.47% from the stock’s previous close.
Shares of Advanced Drainage Systems (NYSE:WMS) traded up 1.95% on Wednesday, hitting $19.38. 12,094 shares of the company’s stock traded hands. 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 $1.022 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 last 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 the company’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $14.96, for a total value of $7,693,718.56. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
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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