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

Advanced Drainage Systems, Inc. (NYSE:WMS) has been assigned an average recommendation of “Buy” from the seven analysts that are currently covering the firm, MarketBeat.com reports. Seven investment analysts have rated the stock with a buy rating. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $190.14.

A number of analysts have issued reports on WMS shares. Robert W. Baird cut their price target on shares of Advanced Drainage Systems from $200.00 to $187.00 and set an “outperform” rating on the stock in a research note on Friday, August 9th. Loop Capital cut their target price on shares of Advanced Drainage Systems from $188.00 to $180.00 and set a “buy” rating on the stock in a research note on Monday, August 12th. Oppenheimer reissued an “outperform” rating and issued a $192.00 price target on shares of Advanced Drainage Systems in a research report on Thursday, August 15th. StockNews.com lowered Advanced Drainage Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Finally, Barclays decreased their target price on Advanced Drainage Systems from $202.00 to $194.00 and set an “overweight” rating for the company in a report on Friday, August 9th.

Advanced Drainage Systems Trading Down 2.0 %

NYSE WMS opened at $152.45 on Monday. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.89 and a quick ratio of 1.90. The stock has a market capitalization of $11.82 billion, a P/E ratio of 23.67, a PEG ratio of 1.26 and a beta of 1.53. The firm’s 50-day moving average is $156.10 and its two-hundred day moving average is $162.60. Advanced Drainage Systems has a 12 month low of $102.32 and a 12 month high of $184.27.

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

Advanced Drainage Systems Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Advanced Drainage Systems by 319.4% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 151 shares of the construction company’s stock worth $26,000 after purchasing an additional 115 shares during the last quarter. West Oak Capital LLC raised its holdings in Advanced Drainage Systems by 133.3% during the second quarter. West Oak Capital LLC now owns 175 shares of the construction company’s stock worth $28,000 after purchasing an additional 100 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Advanced Drainage Systems by 1,472.7% during the 2nd quarter. Blue Trust Inc. now owns 173 shares of the construction company’s stock worth $30,000 after buying an additional 162 shares during the last quarter. Rise Advisors LLC acquired a new position in shares of Advanced Drainage Systems in the 1st quarter valued at $32,000. Finally, National Bank of Canada FI purchased a new position in shares of Advanced Drainage Systems in the 2nd quarter valued at $45,000. 89.83% of the stock is owned by institutional investors and hedge funds.

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.