Barclays Issues Pessimistic Forecast for Advanced Drainage Systems (NYSE:WMS) Stock Price

Advanced Drainage Systems (NYSE:WMS) had its target price dropped by analysts at Barclays from $172.00 to $160.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the construction company’s stock. Barclays‘s price objective points to a potential upside of 27.33% from the stock’s current price.

Several other brokerages also recently commented on WMS. UBS Group raised Advanced Drainage Systems from a “neutral” rating to a “buy” rating and set a $155.00 price target on the stock in a research report on Wednesday, January 8th. Robert W. Baird dropped their price target on shares of Advanced Drainage Systems from $174.00 to $161.00 and set an “outperform” rating for the company in a research report on Monday, November 11th. Stephens reiterated an “equal weight” rating and set a $135.00 price objective (down from $170.00) on shares of Advanced Drainage Systems in a research note on Wednesday, November 13th. Oppenheimer dropped 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 report on Monday, November 11th. Finally, Loop Capital reduced their price target on shares of Advanced Drainage Systems from $180.00 to $170.00 and set a “buy” rating on the stock in a research report on Monday, November 11th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Advanced Drainage Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $166.88.

Advanced Drainage Systems Trading Up 1.4 %

Shares of NYSE WMS opened at $125.66 on Thursday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.15 and a current ratio of 3.19. The stock has a market cap of $9.74 billion, a price-to-earnings ratio of 20.01, a PEG ratio of 1.08 and a beta of 1.51. The business has a 50 day simple moving average of $124.18 and a 200 day simple moving average of $144.47. Advanced Drainage Systems has a 52 week low of $110.75 and a 52 week high of $184.27.

Advanced Drainage Systems (NYSE:WMS) last announced its quarterly earnings results on Friday, November 8th. The construction company reported $1.70 EPS for the quarter, missing the consensus estimate of $1.93 by ($0.23). The company had revenue of $782.60 million for the quarter, compared to analyst estimates of $819.41 million. Advanced Drainage Systems had a net margin of 16.89% and a return on equity of 40.31%. The company’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter last year, the business earned $1.71 EPS. On average, research analysts predict that Advanced Drainage Systems will post 6.12 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Lifestyle Asset Management Inc. lifted its position in Advanced Drainage Systems by 4.8% during the 4th quarter. Lifestyle Asset Management Inc. now owns 7,417 shares of the construction company’s stock valued at $857,000 after purchasing an additional 338 shares during the period. D.B. Root & Company LLC lifted its stake in shares of Advanced Drainage Systems by 64.9% in the 4th quarter. D.B. Root & Company LLC now owns 5,658 shares of the construction company’s stock valued at $654,000 after purchasing an additional 2,227 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of Advanced Drainage Systems by 14.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 163,910 shares of the construction company’s stock worth $18,948,000 after purchasing an additional 20,146 shares during the last quarter. Guinness Asset Management LTD grew its position in shares of Advanced Drainage Systems by 38.3% during the 4th quarter. Guinness Asset Management LTD now owns 4,228 shares of the construction company’s stock worth $489,000 after buying an additional 1,171 shares during the period. Finally, 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 worth $90,000 after purchasing an additional 88 shares during the period. 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 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.