Advanced Drainage Systems Gets IBD Stock Rating Upgrade

Advanced Drainage Systems (WMS) saw its IBD SmartSelect Composite Rating jump to 97 Tuesday, up from 93 the day before.


The revised score means the stock currently tops 97% of all other stocks in terms of key performance metrics and technical strength.

Advanced Drainage Systems is currently forming a flat base, with a 117.99 entry. See if the stock can break out in heavy trade at least 40% above average. Keep in mind that it’s a later-stage base, and such bases are more prone to failure.

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One weak spot is the company’s 70 EPS Rating, which tracks quarterly and annual earnings-per-share growth. Look for that to improve to 80 or better to show it’s in the top 20% of all stocks.

Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.

In Q4, the company reported 2,200% earnings-per-share growth. Revenue growth came in at 20%, down from 24% in the previous quarter.

Advanced Drainage Systems earns the No. 5 rank among its peers in the Building-Construction Products/Miscellaneous industry group. Atkore (ATKR) is the top-ranked stock within the group.


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