Advanced Drainage Systems, Inc. (NYSE:WMS) Receives $170.29 Consensus Price Target from Brokerages

Shares of Advanced Drainage Systems, Inc. (NYSE:WMS) have been assigned a consensus rating of “Moderate Buy” from the seven ratings firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $170.29.

A number of research analysts recently commented on the stock. Loop Capital lowered their price objective on shares of Advanced Drainage Systems from $180.00 to $170.00 and set a “buy” rating on the stock in a research report on Monday, November 11th. Stephens reiterated an “equal weight” rating and set a $135.00 price objective (down from $170.00) on shares of Advanced Drainage Systems in a report on Wednesday, November 13th. Oppenheimer dropped 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, November 11th. Robert W. Baird reduced their price target on Advanced Drainage Systems from $174.00 to $161.00 and set an “outperform” rating for the company in a research report on Monday, November 11th. Finally, Barclays lowered their price objective on Advanced Drainage Systems from $194.00 to $172.00 and set an “overweight” rating on the stock in a report on Monday, November 11th.

Advanced Drainage Systems Trading Down 1.0 %

NYSE WMS opened at $133.93 on Friday. The firm’s 50 day moving average price is $147.19 and its two-hundred day moving average price is $156.09. The stock has a market cap of $10.38 billion, a price-to-earnings ratio of 21.54, a PEG ratio of 1.22 and a beta of 1.48. Advanced Drainage Systems has a twelve month low of $122.61 and a twelve month high of $184.27. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.15 and a current ratio of 3.19.

Advanced Drainage Systems (NYSE:WMS) last posted its quarterly earnings results on Friday, November 8th. The construction company reported $1.70 earnings per share for the quarter, missing the consensus estimate of $1.93 by ($0.23). Advanced Drainage Systems had a net margin of 16.89% and a return on equity of 40.31%. The business had revenue of $782.60 million for the quarter, compared to analyst estimates of $819.41 million. During the same period in the previous year, the firm posted $1.71 earnings per share. The firm’s quarterly revenue was up .3% on a year-over-year basis. Equities analysts anticipate that Advanced Drainage Systems will post 6.5 EPS for the current year.

Advanced Drainage Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a $0.16 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.64 annualized dividend and a dividend yield of 0.48%. Advanced Drainage Systems’s dividend payout ratio is 10.19%.

Institutional Trading of Advanced Drainage Systems

Hedge funds have recently bought and sold shares of the stock. Blue Trust Inc. increased its holdings in shares of Advanced Drainage Systems by 1,472.7% during the 2nd quarter. Blue Trust Inc. now owns 173 shares of the construction company’s stock worth $30,000 after purchasing an additional 162 shares during the period. West Oak Capital LLC increased its stake 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 valued at $28,000 after acquiring an additional 100 shares during the period. National Bank of Canada FI acquired a new position in Advanced Drainage Systems in the 2nd quarter valued at approximately $45,000. Huntington National Bank lifted its position in shares of Advanced Drainage Systems by 123.1% in the 3rd quarter. Huntington National Bank now owns 386 shares of the construction company’s stock worth $61,000 after acquiring an additional 213 shares during the period. Finally, GAMMA Investing LLC increased its position in shares of Advanced Drainage Systems by 65.2% during the second quarter. GAMMA Investing LLC now owns 451 shares of the construction company’s stock valued at $72,000 after purchasing an additional 178 shares during the period. 89.83% of the stock is owned by institutional investors.

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.