Oppenheimer Positively Rates Advanced Drainage Systems with Outperform Rating and $108 Price Target
April 20, 2023
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Advanced Drainage Systems ($NYSE:WMS) (ADS) is a leading manufacturer of water management products and solutions for commercial, residential, infrastructure, and agricultural customers. The company provides a comprehensive suite of drainage products and services that enable customers to manage water effectively and efficiently. Analysts polled by Capital IQ have given ADS an average rating of Outperform and set price targets ranging from $94 to $125. Oppenheimer has recently initiated coverage on the company and also assigned an Outperform rating with a price target of $108. The company’s products include stormwater management systems, water quality treatment products, erosion control products, and more. These products are used in a variety of applications such as stormwater management, water quality control, erosion control, and flood protection. ADS has a wide range of customers including municipalities, contractors, landscapers, developers, and many more.
ADS has been consistently delivering strong financial results. The company has seen double-digit revenue growth in the last five quarters, in part due to strong demand for its products and services. The company has also been able to reduce its net debt significantly over the past year and is well-positioned to capitalize on growth opportunities. With its comprehensive suite of products and efficient operations, ADS is well-positioned to remain a leader in the drainage solutions market. Investors should keep an eye on this stock as it has the potential to outperform in the coming quarters.
Stock Price
This positively impacted the stock, which opened at $82.4 and closed at $84.5, up 2.7%. This is a jump from its previous closing price of 82.2. Oppenheimer’s rating is seen as a mark of approval by the market, as it serves to reassure investors that the stock is expected to perform well in the near future. With the positive rating and price target, investors are likely to see Advanced Drainage Systems stock as a good opportunity for investment. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for WMS. More…
| Total Revenues | Net Income | Net Margin |
| 3.13k | 461.2 | 14.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for WMS. More…
| Operations | Investing | Financing |
| 741.48 | -223.62 | -113.08 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for WMS. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.01k | 1.89k | 13.52 |
Key Ratios Snapshot
Some of the financial key ratios for WMS are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 25.7% | 46.1% | 21.8% |
| FCF Margin | ROE | ROA |
| 18.1% | 37.1% | 14.2% |
Analysis
GoodWhale provides in-depth analysis of ADVANCED DRAINAGE SYSTEMS’s fundamentals and based on our Risk Rating, it’s a medium risk investment. This is due to its financial and business aspects. As a registered user, you can have access to detailed risk warnings that can be found in ADVANCED DRAINAGE SYSTEMS’s income sheet, balance sheet, and non financial components. Our analysis can help you make an informed decision when considering ADVANCED DRAINAGE SYSTEMS as an investment. More…
Peers
The company’s products are used in a variety of applications, including residential, commercial, and industrial. Advanced Drainage Systems Inc’s main competitors are JELD-WEN Holding Inc, Murray And Roberts Holdings Ltd, Deceuninck NV.
– JELD-WEN Holding Inc ($NYSE:JELD)
JELD-WEN Holding Inc is a company that manufactures and sells doors and windows. The company has a market cap of 715.36M as of 2022 and a Return on Equity of 18.13%. JELD-WEN has a strong focus on shareholder value and has a history of paying dividends. The company is headquartered in Charlotte, North Carolina.
– Murray And Roberts Holdings Ltd ($OTCPK:MURSF)
Murray & Roberts Holdings Ltd is a South African company that operates in the engineering and construction industry. The company has a market cap of 92.75M as of 2022 and a Return on Equity of 8.08%. Murray & Roberts is involved in a variety of engineering and construction projects, both in South Africa and internationally. The company has a long history dating back to 1902, and has been a major player in the South African construction industry for many years.
– Deceuninck NV ($LTS:0MEL)
Deceuninck NV is a Belgian company that manufactures and sells PVC-based products. The company has a market capitalization of 278.92 million as of 2022 and a return on equity of 9.83%. Deceuninck NV manufactures and sells a wide range of PVC-based products, including windows, doors, and Conservatory products. The company also offers a variety of services, such as installation and maintenance.
Summary
Advanced Drainage Systems (ADS) has recently been given an Outperform rating and a $108 price target by Oppenheimer, according to analysts polled by Capital IQ. ADS has an average rating of Outperform and price targets ranging from $94 to $125. This indicates that analysts are optimistic about ADS’s future prospects. Investors looking to potentially invest in ADS should do their own research and analysis to make an informed decision.
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