Analysts at RBC Capital Kept the Same their Hold rating for Advanced Drainage Systems (WMS) with $24.0 Target; Last Week CECO Environmental Corp. (CECE) Coverage

November 15, 2017 - By Migdalia James

Among 4 analysts covering Advanced Drainage Systems (NYSE:WMS), 1 have Buy rating, 0 Sell and 3 Hold. Therefore 25% are positive. Advanced Drainage Systems has $32 highest and $22.0 lowest target. $24.33’s average target is 14.23% above currents $21.3 stock price. Advanced Drainage Systems had 20 analyst reports since November 24, 2015 according to SRatingsIntel. The stock has “Hold” rating by Boenning & Scattergood on Friday, May 26. As per Tuesday, November 24, the company rating was downgraded by Deutsche Bank. The stock of Advanced Drainage Systems Inc (NYSE:WMS) earned “Outperform” rating by RBC Capital Markets on Wednesday, June 8. The company was maintained on Monday, July 17 by RBC Capital Markets. The stock has “Buy” rating by Robert W. Baird on Wednesday, October 4. Deutsche Bank maintained Advanced Drainage Systems Inc (NYSE:WMS) on Thursday, March 31 with “Hold” rating. The stock of Advanced Drainage Systems Inc (NYSE:WMS) has “Outperform” rating given on Friday, October 7 by RBC Capital Markets. Robert W. Baird maintained Advanced Drainage Systems Inc (NYSE:WMS) rating on Friday, November 3. Robert W. Baird has “Outperform” rating and $26 target. The stock of Advanced Drainage Systems Inc (NYSE:WMS) has “Hold” rating given on Wednesday, June 8 by Deutsche Bank. On Monday, August 7 the stock rating was maintained by RBC Capital Markets with “Hold”.

Among 7 analysts covering CECO Environ. (NASDAQ:CECE), 3 have Buy rating, 0 Sell and 4 Hold. Therefore 43% are positive. CECO Environ. had 14 analyst reports since August 7, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Friday, August 7 by Drexel Hamilton. Zacks upgraded the shares of CECE in report on Wednesday, August 12 to “Hold” rating. The stock has “Buy” rating by Needham on Thursday, July 6. The stock has “Neutral” rating by Seaport Global on Thursday, November 17. Roth Capital downgraded it to “Hold” rating and $7.0 target in Thursday, November 9 report. The firm has “Buy” rating given on Thursday, January 21 by Seaport Global. The rating was downgraded by Drexel Hamilton on Friday, March 11 to “Buy”. The stock has “Buy” rating by Roth Capital on Friday, March 11. The firm has “Buy” rating given on Thursday, November 9 by Needham. The company was maintained on Friday, August 4 by Jefferies. See CECO Environmental Corp. (NASDAQ:CECE) latest ratings:

09/11/2017 Broker: Roth Capital Rating: Hold New Target: $7.0 Downgrade
09/11/2017 Broker: Needham Old Rating: Strong Buy New Rating: Buy Downgrade
11/08/2017 Broker: William Blair Old Rating: Outperform New Rating: Market Perform Downgrade
04/08/2017 Broker: Jefferies Rating: Hold New Target: $10.0000 Maintain
06/07/2017 Broker: Needham Rating: Buy New Target: $13.0000 Upgrade

CECO Environmental Corp. is a provider of engineered technologies to the environmental, energy, and fluid handling and filtration industrial divisions. The company has market cap of $190.54 million. The Firm is focused on engineering, designing, building and installing systems that capture, clean and destroy airborne contaminants from industrial facilities, as well as equipment that controls emissions from such facilities, and fluid handling and filtration systems. It currently has negative earnings. The Company’s Environmental segment is engaged in the design and manufacture of product recovery and air pollution control technologies that enable its clients to meet compliance targets for toxic emissions, fumes, volatile organic compounds, process and industrial odors.

It closed at $5.49 lastly. It is down 22.53% since November 15, 2016 and is uptrending. It has outperformed by 5.83% the S&P500.

Investors sentiment decreased to 1.31 in 2017 Q2. Its down 0.83, from 2.14 in 2017Q1. It turned negative, as 20 investors sold CECO Environmental Corp. shares while 28 reduced holdings. 18 funds opened positions while 45 raised stakes. 22.62 million shares or 0.24% less from 22.67 million shares in 2017Q1 were reported. Manchester Capital Llc reported 0.05% of its portfolio in CECO Environmental Corp. (NASDAQ:CECE). Clean Yield Group Incorporated, Vermont-based fund reported 19,877 shares. Schroder Gp invested 0% of its portfolio in CECO Environmental Corp. (NASDAQ:CECE). Punch & Assoc Invest accumulated 837,483 shares. United Kingdom-based Barclays Plc has invested 0% in CECO Environmental Corp. (NASDAQ:CECE). Schwab Charles Inv Management has 50,352 shares. Fifth Third State Bank accumulated 1,000 shares. Massachusetts-based Arrowstreet Cap Partnership has invested 0% in CECO Environmental Corp. (NASDAQ:CECE). Putnam Invests Limited Liability Corp has invested 0% in CECO Environmental Corp. (NASDAQ:CECE). Bard Assocs reported 10,695 shares stake. Virginia Retirement System Et Al stated it has 85,900 shares. 6,958 are owned by Citigroup. Ny State Common Retirement Fund reported 30,900 shares stake. King Luther Cap Corp accumulated 1.84M shares. Adirondack And Management invested 0.13% in CECO Environmental Corp. (NASDAQ:CECE).

Analysts await Advanced Drainage Systems Inc (NYSE:WMS) to report earnings on February, 8. They expect $0.17 earnings per share, up 21.43% or $0.03 from last year’s $0.14 per share. WMS’s profit will be $9.50 million for 31.32 P/E if the $0.17 EPS becomes a reality. After $0.29 actual earnings per share reported by Advanced Drainage Systems Inc for the previous quarter, Wall Street now forecasts -41.38% negative EPS growth.

It closed at $21.3 lastly. It is down 0.13% since November 15, 2016 and is downtrending. It has underperformed by 16.83% the S&P500.

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