Advanced Drainage Systems Inc (WMS) was Reiterated by RBC Capital Mkts to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 29 from a previous price target of $27 . RBC Capital Mkts advised their investors in a research report released on Jun 8, 2016.
Many Wall Street Analysts have commented on Advanced Drainage Systems Inc. Shares were Reiterated by Deutsche Bank on Mar 31, 2016 to “Hold” and Lowered the Price Target to $ 24 from a previous price target of $32 .
Advanced Drainage Systems Inc opened for trading at $23.52 and hit $25.92 on the upside on Tuesday, eventually ending the session at $25.86, with a gain of 5.85% or 1.43 points. The heightened volatility saw the trading volume jump to 8,62,738 shares. Company has a market cap of $1,408 M.
In a different news, on May 28, 2015, Ewout Leeuwenburg (SVP, International) sold 18,500 shares at $29.20 per share price. According to the SEC, on May 26, 2015, Ronald R Vitarelli (EVP & Co-COO) sold 5,000 shares at $29.04 per share price. On May 26, 2015, Mark B Sturgeon (EVP, CFO, Secretary, Treasurer) sold 25,000 shares at $29.22 per share price, according to the Form-4 filing with the securities and exchange commission.
Advanced Drainage Systems Inc. designs manufactures and markets thermoplastic corrugated pipe and related water management products. The Company operates through two segments: Domestic and International. Its product line includes corrugated high density polyethylene (HDPE) pipe polypropylene (PP) pipe and related water management products. Its product categories include pipe fittings Nyloplast drainage structures StormTech chambers water quality onsite leaching systems and concrete structures. Its Domestic segment manufactures and markets products throughout the United States. Its International segment manufactures and markets products in regions outside of the United States with focus on its facilities in Canada and through its joint ventures and with local partners in Mexico Central America and South America. Its products are used across a range of markets and applications including non-residential residential agriculture and infrastructure applications.