Advanced Drainage Systems, Inc. (NYSE:WMS) Receives $190.14 Average Price Target from Analysts

Advanced Drainage Systems, Inc. (NYSE:WMS) has been given a consensus recommendation of “Buy” by the seven ratings firms that are currently covering the stock, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a buy recommendation. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $190.14.

Several research analysts have weighed in on the company. Loop Capital lowered their price objective on 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. Barclays dropped their price objective on shares of Advanced Drainage Systems from $202.00 to $194.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. Robert W. Baird decreased 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 research report on Friday, August 9th. Oppenheimer reiterated an “outperform” rating and issued a $192.00 price target on shares of Advanced Drainage Systems in a research report on Thursday, August 15th. Finally, StockNews.com downgraded Advanced Drainage Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th.

Advanced Drainage Systems Stock Performance

Shares of WMS stock opened at $152.37 on Monday. The company has a market capitalization of $11.81 billion, a price-to-earnings ratio of 23.66, a PEG ratio of 1.26 and a beta of 1.53. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.90 and a current ratio of 2.89. Advanced Drainage Systems has a 52 week low of $102.32 and a 52 week high of $184.27. The company has a 50-day simple moving average of $156.33 and a 200 day simple moving average of $162.69.

Advanced Drainage Systems (NYSE:WMS) last posted its earnings results on Thursday, August 8th. The construction company reported $2.06 EPS for the quarter, beating the consensus estimate of $1.98 by $0.08. The company had revenue of $815.34 million for the quarter, compared to the consensus estimate of $828.00 million. Advanced Drainage Systems had a return on equity of 43.60% and a net margin of 17.09%. On average, sell-side analysts predict that Advanced Drainage Systems will post 6.95 earnings per share for the current year.

Advanced Drainage Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were paid a $0.16 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.64 dividend on an annualized basis and a yield of 0.42%. Advanced Drainage Systems’s dividend payout ratio (DPR) is 9.94%.

Institutional Investors Weigh In On Advanced Drainage Systems

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Advanced Drainage Systems by 319.4% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 151 shares of the construction company’s stock valued at $26,000 after purchasing an additional 115 shares during the last quarter. Blue Trust Inc. boosted its stake in Advanced Drainage Systems by 1,472.7% in the second quarter. Blue Trust Inc. now owns 173 shares of the construction company’s stock valued at $30,000 after buying an additional 162 shares in the last quarter. West Oak Capital LLC grew its position in Advanced Drainage Systems by 133.3% in the second quarter. West Oak Capital LLC now owns 175 shares of the construction company’s stock valued at $28,000 after acquiring an additional 100 shares during the last quarter. Rise Advisors LLC acquired a new position in Advanced Drainage Systems during the first quarter worth about $32,000. Finally, GAMMA Investing LLC raised its stake in Advanced Drainage Systems by 29.4% during the first quarter. GAMMA Investing LLC now owns 273 shares of the construction company’s stock worth $47,000 after acquiring an additional 62 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors.

About Advanced Drainage Systems

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.