Advanced Drainage Systems, Inc. (WMS) Formed a Bullish Double Top, Could Be One of The Best Performers Soon

October 2, 2018 - By Marguerite Chambers

Investors sentiment increased to 1.78 in 2018 Q2. Its up 0.04, from 1.74 in 2018Q1. It increased, as 12 investors sold Advanced Drainage Systems, Inc. shares while 24 reduced holdings. 21 funds opened positions while 43 raised stakes. 43.63 million shares or 2.55% more from 42.54 million shares in 2018Q1 were reported.
J Goldman And Co Lp stated it has 0.18% in Advanced Drainage Systems, Inc. (NYSE:WMS). 26,749 are owned by Ubs Asset Mngmt Americas Inc. Pnc Fincl Gru Incorporated owns 429,963 shares. Highbridge Cap Ltd Limited Liability Company invested 0.02% of its portfolio in Advanced Drainage Systems, Inc. (NYSE:WMS). Kbc Gp Nv reported 319,015 shares stake. Sg Americas Secs Ltd invested in 0% or 3,551 shares. Bnp Paribas Arbitrage Sa accumulated 2,972 shares. California Employees Retirement Systems holds 0.01% or 173,201 shares in its portfolio. Citadel Advisors Ltd invested in 112,586 shares or 0% of the stock. 97,746 were accumulated by Gardner Lewis Asset Mgmt Ltd Partnership. Pitcairn Com holds 0.04% or 13,435 shares. Wells Fargo Mn holds 0% of its portfolio in Advanced Drainage Systems, Inc. (NYSE:WMS) for 58,255 shares. Guggenheim Capital Ltd accumulated 25,453 shares. The Pennsylvania-based Vanguard Inc has invested 0% in Advanced Drainage Systems, Inc. (NYSE:WMS). Piedmont Inv Advisors Limited Com, North Carolina-based fund reported 771 shares.

The chart of Advanced Drainage Systems, Inc. (WMS) shows a double top with $31.84 target or 5.00 % above today’s $30.32 share price. The 7 months chart pattern indicates low risk for the $1.73 billion company. It was reported on Oct, 2 by Finviz.com. If the $31.84 price target is reached, the company will be worth $86.30 million more. Double tops are rare but powerful chart patterns.

The stock increased 1.07% or $0.32 during the last trading session, reaching $30.32. About 74,728 shares traded. Advanced Drainage Systems, Inc. (NYSE:WMS) has risen 47.88% since October 2, 2017 and is uptrending. It has outperformed by 32.26% the S&P500.

Analysts await Advanced Drainage Systems, Inc. (NYSE:WMS) to report earnings on November, 1. They expect $0.44 earnings per share, up 51.72 % or $0.15 from last year’s $0.29 per share. WMS’s profit will be $25.05 million for 17.23 P/E if the $0.44 EPS becomes a reality. After $0.51 actual earnings per share reported by Advanced Drainage Systems, Inc. for the previous quarter, Wall Street now forecasts -13.73 % negative EPS growth.

Advanced Drainage Systems, Inc. (NYSE:WMS) Ratings Coverage

Among 3 analysts covering Advanced Drainage Systems (NYSE:WMS), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Advanced Drainage Systems had 4 analyst reports since May 30, 2018 according to SRatingsIntel. The rating was maintained by Barclays Capital with “Equal-Weight” on Monday, August 13. Citigroup maintained Advanced Drainage Systems, Inc. (NYSE:WMS) on Monday, July 23 with “Neutral” rating. Robert W. Baird maintained it with “Outperform” rating and $32 target in Wednesday, May 30 report. The firm has “Equal-Weight” rating given on Wednesday, May 30 by Barclays Capital.

Advanced Drainage Systems, Inc. designs, makes, and markets thermoplastic corrugated pipes and related water management products for non-residential, residential, agriculture, and infrastructure applications in the United States and internationally. The company has market cap of $1.73 billion. The firm provides single, double, and triple wall corrugated polypropylene and polyethylene pipes; and allied products comprising storm retention/detention and septic chambers, polyvinyl chloride drainage structures, fittings, and water quality filters and separators. It has a 24.79 P/E ratio. It also purchases and distributes construction fabrics, as well as other geosynthetic products for soil stabilization, reinforcement, filtration, separation, erosion control, and sub-surface drainage.

Advanced Drainage Systems, Inc. (NYSE:WMS) Ratings Chart

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