Advanced Drainage Systems (NYSE:WMS) Given New $180.00 Price Target at Oppenheimer

Advanced Drainage Systems (NYSE:WMS) had its price target boosted by analysts at Oppenheimer from $172.00 to $180.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has an “outperform” rating on the construction company’s stock. Oppenheimer’s price target suggests a potential upside of 15.70% from the stock’s previous close.

Other analysts have also recently issued research reports about the company. Stephens lifted their price target on Advanced Drainage Systems from $138.00 to $182.00 and gave the stock an “overweight” rating in a research report on Friday, February 9th. KeyCorp lifted their price target on Advanced Drainage Systems from $160.00 to $185.00 and gave the stock an “overweight” rating in a research report on Friday, February 9th. Finally, StockNews.com cut Advanced Drainage Systems from a “buy” rating to a “hold” rating in a research report on Monday, April 8th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $159.13.

Advanced Drainage Systems Stock Down 0.8 %

Advanced Drainage Systems stock opened at $155.57 on Thursday. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.03 and a quick ratio of 2.04. The stock has a market capitalization of $12.08 billion, a price-to-earnings ratio of 24.73, a PEG ratio of 1.37 and a beta of 1.50. Advanced Drainage Systems has a 1-year low of $80.41 and a 1-year high of $176.31. The business has a fifty day moving average price of $164.78 and a 200-day moving average price of $138.89.

Advanced Drainage Systems (NYSE:WMS) last posted its quarterly earnings data on Thursday, February 8th. The construction company reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.44. Advanced Drainage Systems had a return on equity of 49.79% and a net margin of 17.65%. The firm had revenue of $662.37 million during the quarter, compared to analysts’ expectations of $632.69 million. During the same quarter last year, the firm earned $0.99 EPS. The business’s quarterly revenue was up 1.1% on a year-over-year basis. Equities research analysts forecast that Advanced Drainage Systems will post 6.07 EPS for the current fiscal year.

Insider Buying and Selling at Advanced Drainage Systems

In other Advanced Drainage Systems news, EVP Michael G. Huebert sold 10,000 shares of Advanced Drainage Systems stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $163.52, for a total transaction of $1,635,200.00. Following the completion of the transaction, the executive vice president now owns 13,450 shares in the company, valued at approximately $2,199,344. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Ross M. Jones sold 762,895 shares of Advanced Drainage Systems stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $163.00, for a total value of $124,351,885.00. Following the completion of the transaction, the director now owns 70,749 shares in the company, valued at approximately $11,532,087. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Michael G. Huebert sold 10,000 shares of Advanced Drainage Systems stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $163.52, for a total value of $1,635,200.00. Following the completion of the transaction, the executive vice president now owns 13,450 shares of the company’s stock, valued at approximately $2,199,344. The disclosure for this sale can be found here. Company insiders own 3.79% of the company’s stock.

Hedge Funds Weigh In On Advanced Drainage Systems

Several institutional investors and hedge funds have recently modified their holdings of the business. NBC Securities Inc. purchased a new stake in Advanced Drainage Systems during the 3rd quarter worth approximately $25,000. Contravisory Investment Management Inc. purchased a new stake in Advanced Drainage Systems during the 4th quarter worth approximately $27,000. GAMMA Investing LLC purchased a new stake in Advanced Drainage Systems during the 4th quarter worth approximately $28,000. Rise Advisors LLC purchased a new stake in Advanced Drainage Systems during the 1st quarter worth approximately $32,000. Finally, Neo Ivy Capital Management purchased a new stake in Advanced Drainage Systems during the 2nd quarter worth approximately $33,000. Hedge funds and other institutional investors 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, and drainage solutions for use in the construction and agriculture marketplaces in the United States, Canada, Mexico, and internationally. The company operates through Pipe, International, Infiltrator, and Allied Products & Other segments.