Advanced Drainage Systems, Inc. (NYSE:WMS) Receives $166.88 Average Price Target from Analysts

Advanced Drainage Systems, Inc. (NYSE:WMS) has received an average recommendation of “Moderate Buy” from the eight brokerages that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $166.88.

WMS has been the topic of several analyst reports. UBS Group upgraded Advanced Drainage Systems from a “neutral” rating to a “buy” rating and set a $155.00 price target on the stock in a report on Wednesday, January 8th. KeyCorp lowered their target price on shares of Advanced Drainage Systems from $195.00 to $180.00 and set an “overweight” rating on the stock in a research note on Monday, November 11th. Loop Capital cut their target price on shares of Advanced Drainage Systems from $180.00 to $170.00 and set a “buy” rating for the company in a research report on Monday, November 11th. Oppenheimer lowered their price target on Advanced Drainage Systems from $192.00 to $184.00 and set an “outperform” rating on the stock in a research report on Monday, November 11th. Finally, Barclays decreased their target price on Advanced Drainage Systems from $172.00 to $160.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th.

Institutional Trading of Advanced Drainage Systems

Institutional investors have recently modified their holdings of the company. Huntington National Bank lifted its position in Advanced Drainage Systems by 123.1% in the third quarter. Huntington National Bank now owns 386 shares of the construction company’s stock worth $61,000 after purchasing an additional 213 shares during the period. Millburn Ridgefield Corp raised its stake in shares of Advanced Drainage Systems by 642.4% in the 3rd quarter. Millburn Ridgefield Corp now owns 490 shares of the construction company’s stock valued at $77,000 after buying an additional 424 shares in the last quarter. CWM LLC lifted its holdings in shares of Advanced Drainage Systems by 18.1% during the 3rd quarter. CWM LLC now owns 555 shares of the construction company’s stock worth $87,000 after acquiring an additional 85 shares during the period. UMB Bank n.a. boosted its position in shares of Advanced Drainage Systems by 12.7% during the 4th quarter. UMB Bank n.a. now owns 781 shares of the construction company’s stock valued at $90,000 after acquiring an additional 88 shares in the last quarter. Finally, Spire Wealth Management bought a new stake in Advanced Drainage Systems in the fourth quarter valued at about $94,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

Advanced Drainage Systems Stock Down 1.2 %

Advanced Drainage Systems stock opened at $125.04 on Friday. The company has a market capitalization of $9.69 billion, a P/E ratio of 19.91, a P/E/G ratio of 1.20 and a beta of 1.51. Advanced Drainage Systems has a 1-year low of $110.75 and a 1-year high of $184.27. The firm’s fifty day simple moving average is $123.51 and its 200-day simple moving average is $143.39. The company has a current ratio of 3.19, a quick ratio of 2.15 and a debt-to-equity ratio of 0.97.

Advanced Drainage Systems (NYSE:WMS) last released its quarterly earnings results on Friday, November 8th. The construction company reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.93 by ($0.23). The company had revenue of $782.60 million for the quarter, compared to the consensus estimate of $819.41 million. Advanced Drainage Systems had a return on equity of 40.31% and a net margin of 16.89%. The business’s revenue was up .3% compared to the same quarter last year. During the same quarter last year, the company posted $1.71 EPS. Sell-side analysts forecast that Advanced Drainage Systems will post 6.12 earnings per share for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued a $0.16 dividend. The ex-dividend date was Monday, December 2nd. This represents a $0.64 annualized dividend and a yield of 0.51%. Advanced Drainage Systems’s dividend payout ratio (DPR) is 10.19%.

Advanced Drainage Systems Company Profile

Advanced Drainage Systems, Inc designs, manufactures, and markets thermoplastic corrugated pipes and related water management products in North America and internationally. The company operates through Pipe, International, Infiltrator, and Allied Products & Other segments. It offers single, double, and triple wall corrugated polypropylene and polyethylene pipes; plastic leachfield chambers and systems; EZflow synthetic aggregate bundles; wastewater purification through mechanical aeration wastewater for residential and commercial systems; septic tanks and accessories; combined treatment and dispersal systems, including advanced enviro-septic and advanced treatment leachfield systems; and allied products, including storm retention/detention and septic chambers, polyvinyl chloride drainage structures, fittings, and water quality filters and separators.