Advanced Drainage Systems with ticker code (WMS) have now 6 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price High/Low ranges between 147 and 94 with the average target price sitting at $117.00. Given that the stocks previous close was at $81.19 this indicates there is a potential upside of 44.1%. The 50 day MA is $89.53 and the 200 moving average now moves to $105.04. The market capitalization for the company is $6,595m. Visit the company website at: https://www.adspipe.com
The potential market cap would be $9,504m based on the market consensus.
Advanced Drainage Systems designs, manufactures, and markets thermoplastic corrugated pipes and related water management products, and drainage solutions for use in the underground construction and infrastructure marketplace in the United States, Canada, Mexico, and internationally. The company operates through Pipe, International, Infiltrator, and Allied Products & Other segments. It offers single, double, and triple wall corrugated polypropylene and polyethylene pipes; plastic leachfield chambers and systems, EZflow synthetic aggregate bundles, mechanical aeration wastewater solutions, septic tanks and accessories, and combined treatment and dispersal systems; and allied products, including storm retention/detention and septic chambers, polyvinyl chloride drainage structures, fittings, and water quality filters and separators. The company also purchases and distributes construction fabrics and other geosynthetic products for soil stabilization, reinforcement, filtration, separation, erosion control, and sub-surface drainage, as well as drainage grates and other products. It offers its products for non-residential, residential, agriculture, and infrastructure applications through a network of approximately 38 distribution centers. The company was incorporated in 1966 and is headquartered in Hilliard, Ohio.
The company has a dividend yield of 0.6% with the ex dividend date set at 28-2-2023 (DMY).
Other points of data to note are a P/E ratio of 14.34, revenue per share of 39.08 and a 15.95% return on assets.
