In a report released today, Bryan Blair from Oppenheimer maintained a Buy rating on Advanced Drainage Systems (WMS – Research Report). The company’s shares closed yesterday at $138.08.
According to TipRanks, Blair is a top 100 analyst with an average return of 20.5% and a 70.31% success rate. Blair covers the Industrials sector, focusing on stocks such as Carlisle Companies, SPX, and Donaldson Company.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Advanced Drainage Systems with a $158.40 average price target.
See the top stocks recommended by analysts >>
The company has a one-year high of $145.68 and a one-year low of $74.75. Currently, Advanced Drainage Systems has an average volume of 433.3K.
Based on the recent corporate insider activity of 92 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. Most recently, in December 2023, BRIAN W. KING, the EVP of WMS sold 1,869.00 shares for a total of $263,267.34.
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 (WMS) Company Description:
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:
- WMS Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Advanced Drainage and Rainwater Management Solutions enter strategic partnership
- Advanced Drainage price target raised to $161 from $145 at Loop Capital
- Advanced Drainage price target raised to $160 from $145 at KeyBanc
- Advanced Drainage price target raised by $5 at Barclays, here’s why
