In a report released yesterday, Bryan Blair from Oppenheimer maintained a Buy rating on Advanced Drainage Systems (WMS – Research Report), with a price target of $148.00. The company’s shares closed yesterday at $128.00.
Blair covers the Industrials sector, focusing on stocks such as Carlisle Companies, IDEX, and Mueller Water Products. According to TipRanks, Blair has an average return of 18.9% and a 65.40% success rate on recommended stocks.
Advanced Drainage Systems has an analyst consensus of Strong Buy, with a price target consensus of $149.00, representing a 16.41% upside. In a report released on August 24, Stephens also initiated coverage with a Buy rating on the stock with a $148.00 price target.
See the top stocks recommended by analysts >>
WMS market cap is currently $10.17B and has a P/E ratio of 21.46.
Based on the recent corporate insider activity of 89 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WMS in relation to earlier this year. Earlier this month, HUEBERT MICHAEL G., the EVP of WMS sold 7,600.00 shares for a total of $988,836.00.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Advanced Drainage Systems, Inc. engages in the manufacture of thermoplastic corrugated pipe which provides suite of water management products and drainage solutions for use in the construction and infrastructure marketplace. It operates through the Domestic and International segments. The Domestic segment focuses on the manufacture and sale of products throughout the United States. The International segment concerns the manufacture and sale of products in regions outside of the United States. The firm’s products include corrugated high density polyethylene pipe, polypropylene pipe and related water management products. The company was founded in 1966 and is headquartered in Hilliard, OH.
Read More on WMS:
- Advanced Drainage management to meet with Oppenheimer
- Advanced Drainage initiated with an Overweight at Stephens
- 3 Best Stocks to Buy Now, 8/21/2023, According to Top Analysts
- Advanced Drainage price target raised to $160 from $150 at KeyBanc
- Core & Main price target raised to $38 from $33 at Loop Capital
