Advanced Drainage Systems Inc. (NYSE:WMS)‘s stock had its “outperform” rating reissued by RBC Capital Markets in a report released on Saturday. They currently have a $26.00 price target on the stock, down from their prior price target of $29.00. RBC Capital Markets’ target price indicates a potential upside of 17.33% from the company’s current price.

Several other research analysts have also issued reports on WMS. Zacks Investment Research lowered Advanced Drainage Systems from a “hold” rating to a “strong sell” rating in a report on Friday, June 10th. Boenning Scattergood lowered Advanced Drainage Systems from an “outperform” rating to a “neutral” rating in a report on Thursday, August 11th. Royal Bank Of Canada dropped their target price on Advanced Drainage Systems from $29.00 to $26.00 and set an “outperform” rating on the stock in a report on Friday. Finally, TheStreet upgraded Advanced Drainage Systems from a “hold” rating to a “buy” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $27.75.

Analyst Recommendations for Advanced Drainage Systems (NYSE:WMS)

Advanced Drainage Systems (NYSE:WMS) opened at 22.16 on Friday. Advanced Drainage Systems has a 1-year low of $17.72 and a 1-year high of $32.40. The firm’s 50-day moving average price is $23.67 and its 200 day moving average price is $24.62. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 82.07 and a beta of 0.85.

Advanced Drainage Systems (NYSE:WMS) last announced its quarterly earnings results on Thursday, October 6th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.13. The business had revenue of $358 million for the quarter. Advanced Drainage Systems had a return on equity of 120.26% and a net margin of 1.60%. On average, analysts predict that Advanced Drainage Systems will post $1.09 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend was Tuesday, August 30th.

A number of hedge funds have recently added to or reduced their stakes in WMS. Schwab Charles Investment Management Inc. increased its stake in Advanced Drainage Systems by 1.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 109,781 shares of the company’s stock worth $3,005,000 after buying an additional 1,950 shares in the last quarter. Paloma Partners Management Co purchased a new stake in Advanced Drainage Systems during the second quarter worth about $1,069,000. Weiss Multi Strategy Advisers LLC purchased a new stake in Advanced Drainage Systems during the second quarter worth about $3,353,000. Guggenheim Capital LLC increased its stake in Advanced Drainage Systems by 23.4% in the second quarter. Guggenheim Capital LLC now owns 92,861 shares of the company’s stock worth $2,542,000 after buying an additional 17,607 shares in the last quarter. Finally, Parametric Portfolio Associates LLC increased its stake in Advanced Drainage Systems by 135.6% in the second quarter. Parametric Portfolio Associates LLC now owns 110,771 shares of the company’s stock worth $3,032,000 after buying an additional 63,757 shares in the last quarter. 70.62% of the stock is owned by institutional investors and hedge funds.

Advanced Drainage Systems Company Profile

Advanced Drainage Systems, Inc designs, manufactures and markets thermoplastic corrugated pipe and related water management products. The Company operates through two segments: Domestic and International. Its product line includes corrugated high density polyethylene (HDPE) pipe, polypropylene (PP) pipe and related water management products.

5 Day Chart for NYSE:WMS

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