Advanced Drainage Systems (NYSE:WMS) Given Equal Weight Rating at Stephens

Advanced Drainage Systems (NYSE:WMS)‘s stock had its “equal weight” rating reaffirmed by equities researchers at Stephens in a report released on Wednesday. They presently have a $135.00 price objective on the construction company’s stock, down from their prior price objective of $170.00. Stephens’ price target would indicate a potential upside of 3.08% from the stock’s current price.

A number of other research analysts have also weighed in on WMS. Oppenheimer cut their price target on shares of Advanced Drainage Systems from $192.00 to $184.00 and set an “outperform” rating on the stock in a research note on Monday. Barclays cut their price objective on shares of Advanced Drainage Systems from $194.00 to $172.00 and set an “overweight” rating on the stock in a research report on Monday. KeyCorp lowered their target price on Advanced Drainage Systems from $195.00 to $180.00 and set an “overweight” rating for the company in a report on Monday. Robert W. Baird cut their price target on Advanced Drainage Systems from $174.00 to $161.00 and set an “outperform” rating on the stock in a report on Monday. Finally, Loop Capital decreased their price objective on Advanced Drainage Systems from $180.00 to $170.00 and set a “buy” rating for the company in a report on Monday. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $170.29.

Advanced Drainage Systems Trading Down 3.6 %

Shares of NYSE WMS opened at $130.97 on Wednesday. Advanced Drainage Systems has a twelve month low of $112.11 and a twelve month high of $184.27. The stock has a market cap of $10.15 billion, a price-to-earnings ratio of 20.86, a P/E/G ratio of 1.15 and a beta of 1.53. The company has a quick ratio of 2.15, a current ratio of 3.19 and a debt-to-equity ratio of 0.97. The company’s fifty day moving average is $150.84 and its 200-day moving average is $159.35.

Advanced Drainage Systems (NYSE:WMS) last posted its earnings results on Friday, November 8th. The construction company reported $1.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.23). The business had revenue of $782.60 million during the quarter, compared to analyst estimates of $819.41 million. Advanced Drainage Systems had a net margin of 16.89% and a return on equity of 40.31%. The firm’s revenue was up .3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.71 earnings per share. Equities research analysts predict that Advanced Drainage Systems will post 6.95 EPS for the current year.

Institutional Investors Weigh In On Advanced Drainage Systems

A number of institutional investors and hedge funds have recently made changes to their positions in WMS. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Advanced Drainage Systems by 319.4% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 151 shares of the construction company’s stock worth $26,000 after acquiring an additional 115 shares in the last quarter. Blue Trust Inc. lifted its stake in Advanced Drainage Systems by 1,472.7% in the 2nd quarter. Blue Trust Inc. now owns 173 shares of the construction company’s stock valued at $30,000 after purchasing an additional 162 shares during the last quarter. West Oak Capital LLC grew its holdings in Advanced Drainage Systems by 133.3% during the second quarter. West Oak Capital LLC now owns 175 shares of the construction company’s stock worth $28,000 after purchasing an additional 100 shares during the period. National Bank of Canada FI acquired a new position in Advanced Drainage Systems during the second quarter worth approximately $45,000. Finally, Huntington National Bank raised its stake in Advanced Drainage Systems by 123.1% in the third quarter. Huntington National Bank now owns 386 shares of the construction company’s stock valued at $61,000 after buying an additional 213 shares during the period. Institutional investors own 89.83% of the company’s stock.

About Advanced Drainage Systems

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.