Advanced Drainage Systems (NYSE:WMS) Stock Price Expected to Rise, Barclays Analyst Says

Advanced Drainage Systems (NYSE:WMS) had its price target increased by investment analysts at Barclays from $130.00 to $135.00 in a report released on Friday, Marketbeat reports. The firm currently has an “overweight” rating on the construction company’s stock. Barclays‘s target price would indicate a potential upside of 10.90% from the company’s current price.

Several other equities research analysts also recently commented on the stock. Robert W. Baird lowered their price objective on shares of Advanced Drainage Systems from $146.00 to $141.00 and set an “outperform” rating for the company in a research note on Friday. KeyCorp reduced their price target on Advanced Drainage Systems from $180.00 to $135.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Loop Capital reduced their price target on shares of Advanced Drainage Systems from $143.00 to $133.00 and set a “buy” rating for the company in a research report on Friday. Deutsche Bank Aktiengesellschaft began coverage on shares of Advanced Drainage Systems in a report on Tuesday, April 1st. They set a “buy” rating and a $134.00 target price for the company. Finally, StockNews.com raised Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research note on Monday, May 5th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $139.88.

Advanced Drainage Systems Stock Up 3.6%

Shares of NYSE:WMS opened at $121.73 on Friday. The stock has a market cap of $9.44 billion, a P/E ratio of 20.36, a price-to-earnings-growth ratio of 1.13 and a beta of 1.31. The company has a quick ratio of 1.98, a current ratio of 3.21 and a debt-to-equity ratio of 0.93. Advanced Drainage Systems has a 52-week low of $93.92 and a 52-week high of $181.03. The business’s 50 day moving average is $109.69 and its 200 day moving average is $119.30.

Advanced Drainage Systems (NYSE:WMS) last announced its quarterly earnings results on Thursday, May 15th. The construction company reported $1.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.06). Advanced Drainage Systems had a net margin of 15.90% and a return on equity of 35.79%. The company had revenue of $615.76 million during the quarter, compared to analysts’ expectations of $653.22 million. Sell-side analysts predict that Advanced Drainage Systems will post 6.1 EPS for the current year.

Institutional Investors Weigh In On Advanced Drainage Systems

Hedge funds have recently added to or reduced their stakes in the business. UMB Bank n.a. raised its holdings in Advanced Drainage Systems by 12.7% in the fourth quarter. UMB Bank n.a. now owns 781 shares of the construction company’s stock valued at $90,000 after acquiring an additional 88 shares in the last quarter. Blue Trust Inc. grew its position in shares of Advanced Drainage Systems by 12.0% during the fourth quarter. Blue Trust Inc. now owns 1,005 shares of the construction company’s stock worth $116,000 after acquiring an additional 108 shares during the last quarter. US Bancorp DE raised its holdings in shares of Advanced Drainage Systems by 5.7% in the first quarter. US Bancorp DE now owns 2,017 shares of the construction company’s stock valued at $219,000 after buying an additional 109 shares during the last quarter. Bessemer Group Inc. grew its stake in shares of Advanced Drainage Systems by 76.2% in the 1st quarter. Bessemer Group Inc. now owns 266 shares of the construction company’s stock valued at $29,000 after purchasing an additional 115 shares during the last quarter. Finally, CIBC Asset Management Inc increased its stake in Advanced Drainage Systems by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 2,390 shares of the construction company’s stock valued at $276,000 after buying an additional 119 shares during the period. 89.83% of the stock is currently owned by institutional investors and hedge funds.

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.