Advanced Drainage Systems, Inc. (WMS) – What Are Analysts Thinking About This Stock?

Shares of Advanced Drainage Systems, Inc. (NYSE:WMS) have received an average rating of “Moderate Buy” from the ten ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $187.40.

WMS has been the topic of several recent analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Advanced Drainage Systems in a research note on Thursday, October 15th. Barclays lifted their target price on Advanced Drainage Systems from $181.00 to $191.00 and gave the company an “overweight” rating in a report on Tuesday, July 14th. UBS Group increased their price objective on Advanced Drainage Systems from $205.00 to $207.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Stephens reaffirmed an “overweight” rating and set a $175.00 price objective on shares of Advanced Drainage Systems in a research note on Monday, September 21st. Finally, Oppenheimer lowered their price objective on Advanced Drainage Systems from $190.00 to $185.00 and set an “outperform” rating for the company in a research report on Friday, October 9th.

Institutional Investors Weigh In On Advanced Drainage Systems

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Advanced Drainage Systems in the 2nd quarter worth about $3,297,000. BlackRock Inc. purchased a new stake in shares of Advanced Drainage Systems during the 2nd quarter worth about $1,172,482,000. Cibc World Market Inc. acquired a new stake in Advanced Drainage Systems in the 2nd quarter worth about $1,278,000. Weiss Asset Management LP purchased a new position in Advanced Drainage Systems in the 1st quarter worth approximately $5,170,000. Finally, Amundi boosted its holdings in Advanced Drainage Systems by 5.1% in the 2nd quarter. Amundi now owns 1,354,610 shares of the construction company’s stock valued at $212,681,000 after purchasing an additional 65,938 shares during the last quarter. 89.83% of the stock is owned by hedge funds and other institutional investors.

Advanced Drainage Systems Stock Up 6.0%

Shares of NYSE WMS opened at $144.21 on Friday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.18 and a current ratio of 2.12. Advanced Drainage Systems has a 52 week low of $122.84 and a 52 week high of $179.32. The stock has a market capitalization of $10.87 billion, a P/E ratio of 24.91, a PEG ratio of 1.56 and a beta of 1.30. The stock’s fifty day moving average is $130.70 and its 200 day moving average is $143.43.

Advanced Drainage Systems (NYSE:WMS) last issued its earnings results on Thursday, August 6th. The construction company reported $2.49 EPS for the quarter, topping the consensus estimate of $2.10 by $0.39. Advanced Drainage Systems had a return on equity of 28.28% and a net margin of 14.00%. The firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $991.39 million. During the same quarter in the previous year, the firm earned $1.95 earnings per share. The business’s quarterly revenue was up 20.6% on a year-over-year basis. Sell-side analysts forecast that Advanced Drainage Systems will post 6.57 earnings per share for the current fiscal year.

About Advanced Drainage Systems

Advanced Drainage Systems, Inc (NYSE: WMS) is a manufacturer of water management products and solutions. The company produces thermoplastic corrugated pipe, fittings, drainage structures, stormwater chambers and related products used to manage the collection, conveyance, storage and treatment of water.

Its products serve a range of markets, including residential, commercial, agricultural, infrastructure and environmental applications. Advanced Drainage Systems supplies solutions for stormwater management, septic and wastewater systems, highway and road construction, land development, agriculture and erosion control.

Founded in 1966 and headquartered in Hilliard, Ohio, the company serves customers through a manufacturing and distribution network primarily covering the United States and Canada, with additional international operations.