Advanced Drainage Systems Inc. (NYSE:WMS) was downgraded by analysts at RBC Capital Markets from an “outperform” rating to a “sector perform” rating in a research report issued to clients and investors on Monday. They presently have a $24.00 price target on the stock, down from their prior price target of $26.00. RBC Capital Markets’ price target points to a potential upside of 8.11% from the stock’s previous close.

Other equities analysts have also issued reports about the company. Zacks Investment Research lowered Advanced Drainage Systems from a “hold” rating to a “sell” rating in a research report on Thursday, August 11th. Boenning Scattergood lowered Advanced Drainage Systems from an “outperform” rating to a “neutral” rating in a research report on Thursday, August 11th. TheStreet lowered Advanced Drainage Systems from a “buy” rating to a “hold” rating in a research report on Friday, October 21st. Finally, Royal Bank Of Canada reduced their price target on Advanced Drainage Systems from $29.00 to $26.00 and set an “outperform” rating on the stock in a research report on Friday, October 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $25.00.

Analyst Recommendations for Advanced Drainage Systems (NYSE:WMS)

Shares of Advanced Drainage Systems (NYSE:WMS) opened at 22.20 on Monday. The stock has a 50 day moving average price of $21.62 and a 200 day moving average price of $24.27. The firm has a market capitalization of $1.21 billion, a P/E ratio of 48.05 and a beta of 1.02. Advanced Drainage Systems has a 12-month low of $17.72 and a 12-month high of $31.77.

Advanced Drainage Systems (NYSE:WMS) last released its quarterly earnings results on Thursday, October 6th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.24 by $0.13. The firm had revenue of $358 million for the quarter. Advanced Drainage Systems had a return on equity of 219.21% and a net margin of 2.63%. Equities analysts anticipate that Advanced Drainage Systems will post $1.09 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a $0.24 annualized dividend and a yield of 1.08%.

A number of large investors have recently bought and sold shares of the company. Manchester Capital Management LLC increased its stake in Advanced Drainage Systems by 0.5% in the second quarter. Manchester Capital Management LLC now owns 19,050 shares of the company’s stock valued at $521,000 after buying an additional 100 shares in the last quarter. American International Group Inc. increased its stake in Advanced Drainage Systems by 1.2% in the second quarter. American International Group Inc. now owns 19,994 shares of the company’s stock valued at $547,000 after buying an additional 238 shares in the last quarter. California State Teachers Retirement System increased its stake in Advanced Drainage Systems by 1.0% in the third quarter. California State Teachers Retirement System now owns 73,529 shares of the company’s stock valued at $1,769,000 after buying an additional 700 shares in the last quarter. BlackRock Advisors LLC increased its stake in Advanced Drainage Systems by 5.5% in the second quarter. BlackRock Advisors LLC now owns 16,549 shares of the company’s stock valued at $453,000 after buying an additional 858 shares in the last quarter. Finally, Rhumbline Advisers increased its stake in Advanced Drainage Systems by 2.8% in the third quarter. Rhumbline Advisers now owns 35,386 shares of the company’s stock valued at $851,000 after buying an additional 950 shares in the last quarter. Institutional investors own 69.04% of the company’s stock.

Advanced Drainage Systems Company Profile

Advanced Drainage Systems, Inc is engaged in designing, manufacturing and marketing of thermoplastic corrugated pipe and related water management products, primarily in North and South America, and Europe. The Company operates through two segments: Domestic and International. The Domestic segment manufactures and markets products throughout the United States.

5 Day Chart for NYSE:WMS

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