Advanced Drainage Systems, trading under the ticker WMS, has acquired River Valley Pipe, a privately held company specializing in pipe manufacturing in the Midwest. This acquisition broadens their reach with manufacturing facilities based in Illinois and Iowa. According to ADS, this move is a strategic step towards enhancing their market presence in the core areas of stormwater and agriculture drainage. However, the financial details of the transaction remain confidential.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 10 analysts, the average target price for Advanced Drainage Systems Inc (WMS, Financial) is $144.80 with a high estimate of $165.00 and a low estimate of $130.00. The average target implies an upside of 24.84% from the current price of $115.99. More detailed estimate data can be found on the Advanced Drainage Systems Inc (WMS) Forecast page.
Based on the consensus recommendation from 9 brokerage firms, Advanced Drainage Systems Inc's (WMS, Financial) average brokerage recommendation is currently 1.8, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Advanced Drainage Systems Inc (WMS, Financial) in one year is $132.76, suggesting a upside of 14.46% from the current price of $115.99. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Advanced Drainage Systems Inc (WMS) Summary page.
