Advanced Drainage Systems (NYSE:WMS) Given “Equal Weight” Rating at Stephens

Advanced Drainage Systems (NYSE:WMS)‘s stock had its “equal weight” rating reaffirmed by investment analysts at Stephens in a research note issued on Friday,Benzinga reports. They presently have a $135.00 price target on the construction company’s stock. Stephens’ price target suggests a potential upside of 12.62% from the stock’s current price.

Several other equities analysts have also recently weighed in on the stock. Barclays decreased their price target on shares of Advanced Drainage Systems from $172.00 to $160.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th. Loop Capital decreased their target price on shares of Advanced Drainage Systems from $180.00 to $170.00 and set a “buy” rating for the company in a research note on Monday, November 11th. Oppenheimer decreased their target price on shares of Advanced Drainage Systems from $192.00 to $184.00 and set an “outperform” rating for the company in a research note on Monday, November 11th. Robert W. Baird decreased their target price on shares of Advanced Drainage Systems from $174.00 to $161.00 and set an “outperform” rating for the company in a research note on Monday, November 11th. Finally, UBS Group raised shares of Advanced Drainage Systems from a “neutral” rating to a “buy” rating and set a $155.00 target price for the company in a research note on Wednesday, January 8th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $166.88.

Advanced Drainage Systems Price Performance

NYSE:WMS traded up $2.19 during mid-day trading on Friday, reaching $119.87. 452,445 shares of the company were exchanged, compared to its average volume of 617,168. Advanced Drainage Systems has a 12 month low of $110.75 and a 12 month high of $184.27. The company has a fifty day moving average of $121.63 and a 200 day moving average of $140.70. The company has a quick ratio of 2.15, a current ratio of 3.19 and a debt-to-equity ratio of 0.97. The stock has a market cap of $9.29 billion, a PE ratio of 19.12, a PEG ratio of 1.16 and a beta of 1.52.

Advanced Drainage Systems (NYSE:WMS) last released its earnings results on Thursday, February 6th. The construction company reported $1.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.25). Advanced Drainage Systems had a net margin of 16.89% and a return on equity of 40.31%. On average, research analysts anticipate that Advanced Drainage Systems will post 6.12 EPS for the current fiscal year.

Institutional Investors Weigh In On Advanced Drainage Systems

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Creative Planning lifted its holdings in shares of Advanced Drainage Systems by 9.3% during the second quarter. Creative Planning now owns 4,701 shares of the construction company’s stock valued at $754,000 after purchasing an additional 401 shares in the last quarter. Truist Financial Corp lifted its holdings in shares of Advanced Drainage Systems by 14.5% during the second quarter. Truist Financial Corp now owns 2,095 shares of the construction company’s stock valued at $336,000 after purchasing an additional 266 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of Advanced Drainage Systems by 4.8% during the second quarter. Cetera Investment Advisers now owns 15,945 shares of the construction company’s stock valued at $2,558,000 after purchasing an additional 729 shares in the last quarter. CWM LLC lifted its holdings in shares of Advanced Drainage Systems by 18.1% during the third quarter. CWM LLC now owns 555 shares of the construction company’s stock valued at $87,000 after purchasing an additional 85 shares in the last quarter. Finally, UMB Bank n.a. lifted its holdings in shares of Advanced Drainage Systems by 20.5% during the third quarter. UMB Bank n.a. now owns 693 shares of the construction company’s stock valued at $109,000 after purchasing an additional 118 shares in the last quarter. 89.83% of the stock is owned by hedge funds and other institutional investors.

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.