Investing.com - Financial Markets Worldwide

Advanced Drainage Systems price target raised to $170 from $159 at KeyBanc

Published 07/11/2025, 15:18
Advanced Drainage Systems price target raised to $170 from $159 at KeyBanc
WMS
-0.42%

Investing.com - KeyBanc has raised its price target on Advanced Drainage Systems (NYSE:WMS) to $170.00 from $159.00 while maintaining an Overweight rating on the stock. Currently trading at $146.58, WMS is approaching KeyBanc’s target, with analyst consensus price targets ranging from $155 to $176, according to InvestingPro data.

The price target increase follows Advanced Drainage Systems’ fiscal second-quarter 2026 earnings report and conference call, which KeyBanc indicated had addressed market concerns about challenging end markets and pricing issues.

KeyBanc noted there had been "some consternation around a choppy end market backdrop and potential price/cost noise" ahead of the earnings release, but the results "alleviated much of those worries."

The firm expressed confidence in its long-term thesis for Advanced Drainage Systems, expecting the company’s shares to see higher valuation multiples as investors recognize "meaningful material conversion tailwinds."

KeyBanc also characterized Advanced Drainage Systems’ updated guidance as appearing "conservative" following what it described as a quarter that "underscores outperformance."

In other recent news, Advanced Drainage Systems reported its second-quarter earnings for fiscal year 2026, significantly surpassing analyst expectations. The company achieved an earnings per share (EPS) of $1.97, which exceeded the forecasted $1.64, representing a surprise of 20.12%. Revenue figures were also impressive, reaching $850 million, above the anticipated $802.54 million. These results highlight a strong performance for the company in the recent quarter. Analysts had projected lower figures, but the company managed to outperform these expectations. The positive earnings and revenue results were notable developments for Advanced Drainage Systems. These recent achievements have drawn attention from investors and analysts alike.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.