Advanced Drainage Systems (NYSE:WMS) Downgraded to “C+” at TheStreet

Advanced Drainage Systems (NYSE:WMS – Get Rating) was downgraded by stock analysts at TheStreet from a “b” rating to a “c+” rating in a research report issued on Thursday, TheStreetRatingsTable reports.

Several other research firms have also recently commented on WMS. UBS Group assumed coverage on shares of Advanced Drainage Systems in a research report on Wednesday, January 19th. They issued a “neutral” rating on the stock. Barclays dropped their price target on shares of Advanced Drainage Systems from $162.00 to $138.00 and set an “overweight” rating on the stock in a research report on Friday. Morgan Stanley dropped their price target on shares of Advanced Drainage Systems from $145.00 to $142.00 and set an “overweight” rating on the stock in a research report on Friday. Robert W. Baird decreased their price objective on shares of Advanced Drainage Systems from $158.00 to $137.00 and set an “outperform” rating on the stock in a report on Friday. Finally, StockNews.com initiated coverage on shares of Advanced Drainage Systems in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $136.20.

Shares of NYSE:WMS opened at $104.91 on Thursday. The company has a market capitalization of $7.55 billion, a price-to-earnings ratio of 36.94 and a beta of 1.36. The firm’s 50 day simple moving average is $110.63 and its 200 day simple moving average is $118.88. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.22 and a quick ratio of 0.94. Advanced Drainage Systems has a fifty-two week low of $92.28 and a fifty-two week high of $138.02.

Advanced Drainage Systems (NYSE:WMS – Get Rating) last issued its earnings results on Thursday, May 19th. The construction company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.18). The firm had revenue of $678.20 million during the quarter, compared to the consensus estimate of $623.91 million. Advanced Drainage Systems had a net margin of 9.60% and a return on equity of 31.08%. The firm’s revenue for the quarter was up 52.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.23 EPS. Equities research analysts expect that Advanced Drainage Systems will post 3.08 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. bought a new position in shares of Advanced Drainage Systems during the 4th quarter valued at about $46,000. Signaturefd LLC boosted its holdings in Advanced Drainage Systems by 1,168.4% during the 1st quarter. Signaturefd LLC now owns 482 shares of the construction company’s stock valued at $57,000 after acquiring an additional 444 shares during the period. Covestor Ltd purchased a new stake in Advanced Drainage Systems during the 4th quarter valued at about $72,000. Kepos Capital LP purchased a new stake in Advanced Drainage Systems in the 4th quarter worth approximately $85,000. Finally, UMB Bank N A MO purchased a new stake in Advanced Drainage Systems in the 4th quarter worth approximately $86,000. 98.10% of the stock is owned by hedge funds and other institutional investors.

Advanced Drainage Systems Company Profile (Get Rating)

Advanced Drainage Systems, Inc designs, manufactures, and markets thermoplastic corrugated pipes and related water management products, and drainage solutions for use in the underground construction and infrastructure marketplace in the United States, Canada, Mexico, and internationally. It operates through Pipe, International and Infiltrator, and Allied Products & Other segments.

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