Barclays Raises Advanced Drainage Systems (NYSE:WMS) Price Target to $176.00

Advanced Drainage Systems (NYSE:WMS) had its price objective boosted by investment analysts at Barclays from $160.00 to $176.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the construction company’s stock. Barclays‘s target price would suggest a potential upside of 18.82% from the stock’s previous close.

A number of other brokerages have also recently issued reports on WMS. Royal Bank Of Canada started coverage on Advanced Drainage Systems in a report on Monday, August 11th. They issued an “outperform” rating and a $159.00 target price for the company. KeyCorp upped their price target on Advanced Drainage Systems from $159.00 to $170.00 and gave the company an “overweight” rating in a research report on Friday. UBS Group reissued a “buy” rating and set a $167.00 price objective (up from $146.00) on shares of Advanced Drainage Systems in a report on Friday, August 8th. Wall Street Zen upgraded shares of Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Finally, Robert W. Baird set a $166.00 target price on shares of Advanced Drainage Systems in a report on Friday, August 8th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $156.56.

Advanced Drainage Systems Trading Up 1.0%

Shares of WMS stock opened at $148.12 on Friday. The firm has a fifty day moving average of $141.33 and a 200-day moving average of $127.39. The stock has a market cap of $11.52 billion, a price-to-earnings ratio of 26.74, a P/E/G ratio of 1.88 and a beta of 1.33. Advanced Drainage Systems has a 52-week low of $93.92 and a 52-week high of $153.25. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.25 and a current ratio of 3.22.

Advanced Drainage Systems (NYSE:WMS) last issued its earnings results on Thursday, November 6th. The construction company reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.27. The business had revenue of $850.38 million for the quarter, compared to analyst estimates of $802.49 million. Advanced Drainage Systems had a net margin of 14.82% and a return on equity of 29.57%. The firm’s revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.70 EPS. Advanced Drainage Systems has set its FY 2026 guidance at EPS. On average, equities research analysts forecast that Advanced Drainage Systems will post 6.1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in WMS. Outlook Wealth Advisors LLC grew its holdings in Advanced Drainage Systems by 3.0% during the 3rd quarter. Outlook Wealth Advisors LLC now owns 2,836 shares of the construction company’s stock worth $393,000 after acquiring an additional 82 shares during the last quarter. RWC Asset Management LLP raised its stake in shares of Advanced Drainage Systems by 2.7% in the third quarter. RWC Asset Management LLP now owns 3,234 shares of the construction company’s stock worth $449,000 after acquiring an additional 85 shares during the last quarter. CWM LLC lifted its position in shares of Advanced Drainage Systems by 16.2% during the third quarter. CWM LLC now owns 702 shares of the construction company’s stock worth $97,000 after purchasing an additional 98 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in shares of Advanced Drainage Systems by 0.5% during the second quarter. Louisiana State Employees Retirement System now owns 19,900 shares of the construction company’s stock valued at $2,286,000 after purchasing an additional 100 shares during the last quarter. Finally, State of Michigan Retirement System grew its stake in shares of Advanced Drainage Systems by 0.6% during the second quarter. State of Michigan Retirement System now owns 17,000 shares of the construction company’s stock valued at $1,953,000 after purchasing an additional 100 shares during the last quarter. 89.83% of the stock is owned by 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.