Advanced Drainage Systems, Inc. (NYSE:WMS) Stock Has Average Target Price of $187.40

by · The Markets Daily

Advanced Drainage Systems, Inc. (NYSE:WMS – Get Free Report) has earned an average recommendation of “Moderate Buy” from the ten ratings firms that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $187.40.

Several brokerages recently issued reports on WMS. Zacks Research raised shares of Advanced Drainage Systems from a “strong sell” rating to a “hold” rating in a research note on Monday, July 27th. Weiss Ratings restated a “hold (c)” rating on shares of Advanced Drainage Systems in a report on Thursday, October 15th. DA Davidson reaffirmed a “buy” rating and set a $190.00 target price on shares of Advanced Drainage Systems in a research report on Tuesday, October 6th. Stephens reaffirmed an “overweight” rating and set a $175.00 target price on shares of Advanced Drainage Systems in a research report on Monday, September 21st. Finally, Barclays lifted their price target on shares of Advanced Drainage Systems from $181.00 to $191.00 and gave the company an “overweight” rating in a research report on Tuesday, July 14th.

Read Our Latest Research Report on Advanced Drainage Systems

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in WMS. Heritage Family Offices LLP purchased a new position in Advanced Drainage Systems during the third quarter valued at approximately $53,000. Kestra Private Wealth Services LLC increased its holdings in Advanced Drainage Systems by 3.6% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 3,532 shares of the construction company’s stock worth $448,000 after acquiring an additional 124 shares during the period. Chicago Partners Investment Group LLC increased its holdings in Advanced Drainage Systems by 3.6% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 2,361 shares of the construction company’s stock worth $308,000 after acquiring an additional 83 shares during the period. Vise Technologies Inc. purchased a new stake in Advanced Drainage Systems in the 3rd quarter worth approximately $227,000. Finally, State of Wyoming purchased a new stake in shares of Advanced Drainage Systems in the third quarter worth $258,000. 89.83% of the stock is owned by institutional investors.

Advanced Drainage Systems Price Performance

Shares of WMS opened at $138.93 on Friday. The company has a market capitalization of $10.48 billion, a price-to-earnings ratio of 24.00, a price-to-earnings-growth ratio of 1.49 and a beta of 1.29. Advanced Drainage Systems has a 1 year low of $122.84 and a 1 year high of $179.32. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.12 and a quick ratio of 1.18. The business has a 50-day moving average of $130.73 and a 200-day moving average of $143.61.

Advanced Drainage Systems (NYSE:WMS – Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The construction company reported $2.49 EPS for the quarter, beating analysts’ consensus estimates of $2.10 by $0.39. The company had revenue of $1 billion for the quarter, compared to analyst estimates of $991.39 million. Advanced Drainage Systems had a net margin of 14.00% and a return on equity of 28.28%. The company’s quarterly revenue was up 20.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.95 EPS. As a group, equities research analysts anticipate that Advanced Drainage Systems will post 6.57 earnings per share for the current year.

Advanced Drainage Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were issued a dividend of $0.20 per share. The ex-dividend date was Tuesday, September 1st. This represents a $0.80 annualized dividend and a yield of 0.6%. Advanced Drainage Systems’s dividend payout ratio is presently 13.82%.

Advanced Drainage Systems Company Profile

(Get Free Report)

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.

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