Advanced Drainage Systems (NYSE:WMS) Upgraded at UBS Group

Advanced Drainage Systems (NYSE:WMS) was upgraded by stock analysts at UBS Group from a “neutral” rating to a “buy” rating in a note issued to investors on Wednesday, MarketBeat.com reports. The firm presently has a $155.00 price target on the construction company’s stock. UBS Group’s price target suggests a potential upside of 34.78% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Robert W. Baird decreased their price objective on shares of 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. Loop Capital decreased their price target on Advanced Drainage Systems from $180.00 to $170.00 and set a “buy” rating for the company in a report on Monday, November 11th. KeyCorp lowered their price objective on Advanced Drainage Systems from $195.00 to $180.00 and set an “overweight” rating for the company in a research report on Monday, November 11th. Stephens restated an “equal weight” rating and set a $135.00 target price (down previously from $170.00) on shares of Advanced Drainage Systems in a research report on Wednesday, November 13th. Finally, Oppenheimer lowered their target price on Advanced Drainage Systems from $192.00 to $184.00 and set an “outperform” rating for the company in a report on Monday, November 11th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $168.38.

Advanced Drainage Systems Stock Up 1.0 %

Shares of NYSE:WMS opened at $115.00 on Wednesday. The business has a fifty day simple moving average of $128.12 and a 200 day simple moving average of $146.19. Advanced Drainage Systems has a 12-month low of $113.10 and a 12-month high of $184.27. The firm has a market cap of $8.92 billion, a P/E ratio of 18.31, a P/E/G ratio of 1.22 and a beta of 1.51. The company has a quick ratio of 2.15, a current ratio of 3.19 and a debt-to-equity ratio of 0.97.

Advanced Drainage Systems (NYSE:WMS) last posted its quarterly earnings data on Friday, November 8th. The construction company reported $1.70 EPS for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.23). The company had revenue of $782.60 million during the quarter, compared to analyst estimates of $819.41 million. Advanced Drainage Systems had a return on equity of 40.31% and a net margin of 16.89%. Advanced Drainage Systems’s revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.71 earnings per share. Analysts predict that Advanced Drainage Systems will post 6.12 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. State Street Corp boosted its position in shares of Advanced Drainage Systems by 8.8% during the third quarter. State Street Corp now owns 2,541,688 shares of the construction company’s stock valued at $399,452,000 after buying an additional 206,105 shares during the last quarter. Zacks Investment Management bought a new position in Advanced Drainage Systems during the 3rd quarter valued at $2,694,000. Advantage Alpha Capital Partners LP purchased a new position in Advanced Drainage Systems during the 3rd quarter worth $8,540,000. Swedbank AB grew its stake in shares of Advanced Drainage Systems by 5.8% in the 3rd quarter. Swedbank AB now owns 1,384,276 shares of the construction company’s stock worth $217,553,000 after acquiring an additional 75,455 shares in the last quarter. Finally, Rathbones Group PLC raised its holdings in shares of Advanced Drainage Systems by 4.3% in the second quarter. Rathbones Group PLC now owns 206,970 shares of the construction company’s stock valued at $33,196,000 after purchasing an additional 8,468 shares during the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

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.