Analysts Set Advanced Drainage Systems, Inc. (NYSE:WMS) Price Target at $190.14

Shares of Advanced Drainage Systems, Inc. (NYSE:WMS) have received an average rating of “Buy” from the seven brokerages that are covering the company, MarketBeat reports. Seven investment analysts have rated the stock with a buy recommendation. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $190.14.

WMS has been the subject of a number of recent research reports. Oppenheimer reissued an “outperform” rating and issued a $192.00 target price on shares of Advanced Drainage Systems in a research report on Thursday, August 15th. Loop Capital decreased their target price on shares of Advanced Drainage Systems from $188.00 to $180.00 and set a “buy” rating on the stock in a research report on Monday, August 12th. Robert W. Baird lowered their target price on shares of Advanced Drainage Systems from $200.00 to $187.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. StockNews.com cut Advanced Drainage Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Finally, Barclays lowered their price objective on Advanced Drainage Systems from $202.00 to $194.00 and set an “overweight” rating on the stock in a research note on Friday, August 9th.

Advanced Drainage Systems Trading Down 2.8 %

Shares of WMS stock opened at $158.89 on Tuesday. Advanced Drainage Systems has a 12-month low of $110.31 and a 12-month high of $184.27. The company has a market capitalization of $12.32 billion, a PE ratio of 25.14, a price-to-earnings-growth ratio of 1.29 and a beta of 1.53. The firm has a 50 day moving average price of $152.03 and a two-hundred day moving average price of $159.90. The company has a quick ratio of 1.90, a current ratio of 2.89 and a debt-to-equity ratio of 1.04.

Advanced Drainage Systems (NYSE:WMS) last released its quarterly earnings results on Thursday, August 8th. The construction company reported $2.06 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.08. Advanced Drainage Systems had a return on equity of 43.60% and a net margin of 17.09%. The business had revenue of $815.34 million during the quarter, compared to analysts’ expectations of $828.00 million. As a group, analysts predict that Advanced Drainage Systems will post 6.95 earnings per share for the current year.

Institutional Trading of Advanced Drainage Systems

Several hedge funds have recently bought and sold shares of WMS. Vanguard Group Inc. lifted its position in shares of Advanced Drainage Systems by 5.8% during the first quarter. Vanguard Group Inc. now owns 7,265,169 shares of the construction company’s stock valued at $1,251,353,000 after purchasing an additional 395,099 shares in the last quarter. Boston Partners lifted its position in shares of Advanced Drainage Systems by 16.9% during the 1st quarter. Boston Partners now owns 1,519,118 shares of the construction company’s stock worth $261,609,000 after buying an additional 219,629 shares in the last quarter. William Blair Investment Management LLC boosted its stake in shares of Advanced Drainage Systems by 4.7% in the 2nd quarter. William Blair Investment Management LLC now owns 1,430,091 shares of the construction company’s stock worth $229,372,000 after buying an additional 64,618 shares during the last quarter. Swedbank AB grew its holdings in shares of Advanced Drainage Systems by 5.8% in the third quarter. Swedbank AB now owns 1,384,276 shares of the construction company’s stock valued at $217,553,000 after acquiring an additional 75,455 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its holdings in shares of Advanced Drainage Systems by 0.6% in the second quarter. Thrivent Financial for Lutherans now owns 1,382,735 shares of the construction company’s stock valued at $221,777,000 after acquiring an additional 7,690 shares in 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.