Advanced Drainage Systems, Inc. (NYSE:WMS) Receives $170.29 Consensus Target Price from Analysts

Shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the seven ratings firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $170.29.

WMS has been the subject of a number of analyst reports. Oppenheimer dropped their price objective on 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. Stephens reissued an "equal weight" rating and issued a $135.00 target price (down from $170.00) on shares of Advanced Drainage Systems in a research report on Wednesday, November 13th. Barclays lowered their price objective on Advanced Drainage Systems from $194.00 to $172.00 and set an "overweight" rating on the stock in a research report on Monday, November 11th. KeyCorp lowered their price target on Advanced Drainage Systems from $195.00 to $180.00 and set an "overweight" rating on the stock in a report on Monday, November 11th. Finally, Loop Capital cut their target price on 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.

Advanced Drainage Systems Price Performance

WMS stock traded up $2.06 during mid-day trading on Friday, hitting $135.29. The stock had a trading volume of 447,558 shares, compared to its average volume of 712,029. The company has a current ratio of 3.19, a quick ratio of 2.15 and a debt-to-equity ratio of 0.97. Advanced Drainage Systems has a 52 week low of $119.26 and a 52 week high of $184.27. The firm has a market capitalization of $10.49 billion, a P/E ratio of 21.54, a P/E/G ratio of 1.21 and a beta of 1.53. The firm has a fifty day simple moving average of $147.19 and a 200 day simple moving average of $156.35.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last released its quarterly earnings data on Friday, November 8th. The construction company reported $1.70 earnings per share for the quarter, missing the consensus estimate of $1.93 by ($0.23). The company had revenue of $782.60 million during the quarter, compared to the consensus estimate of $819.41 million. Advanced Drainage Systems had a net margin of 16.89% and a return on equity of 40.31%. The business's revenue was up .3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.71 EPS. As a group, research analysts forecast that Advanced Drainage Systems will post 6.5 EPS for the current year.

Advanced Drainage Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date of this dividend is Monday, December 2nd. Advanced Drainage Systems's dividend payout ratio (DPR) is currently 10.19%.

Institutional Investors Weigh In On Advanced Drainage Systems

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Blue Trust Inc. raised its holdings in shares of Advanced Drainage Systems by 1,472.7% in the 2nd quarter. Blue Trust Inc. now owns 173 shares of the construction company's stock valued at $30,000 after buying an additional 162 shares during the period. West Oak Capital LLC boosted its position in shares of Advanced Drainage Systems by 133.3% during the 2nd quarter. West Oak Capital LLC now owns 175 shares of the construction company's stock worth $28,000 after acquiring an additional 100 shares in the last quarter. National Bank of Canada FI acquired a new position in shares of Advanced Drainage Systems during the 2nd quarter worth about $45,000. Huntington National Bank boosted its position in shares of Advanced Drainage Systems by 123.1% during the 3rd quarter. Huntington National Bank now owns 386 shares of the construction company's stock worth $61,000 after acquiring an additional 213 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Advanced Drainage Systems by 65.2% during the 2nd quarter. GAMMA Investing LLC now owns 451 shares of the construction company's stock worth $72,000 after acquiring an additional 178 shares in the last quarter. Hedge funds and other institutional investors own 89.83% of the company's stock.

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.