Advanced Drainage Systems' (WMS) Equal Weight Rating Reaffirmed at Stephens

Advanced Drainage Systems (NYSE:WMS - Get Free Report)'s stock had its "equal weight" rating restated by research analysts at Stephens in a note issued to investors on Friday,Benzinga reports. They currently have a $135.00 price objective on the construction company's stock. Stephens' price target would indicate a potential upside of 6.19% from the stock's current price.

WMS has been the topic of several other research reports. Oppenheimer dropped their target price on Advanced Drainage Systems from $192.00 to $184.00 and set an "outperform" rating on the stock in a report on Monday, November 11th. 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 report on Wednesday, January 8th. Robert W. Baird dropped their price target on Advanced Drainage Systems from $174.00 to $161.00 and set an "outperform" rating on the stock in a report on Monday, November 11th. Barclays dropped their price target on Advanced Drainage Systems from $172.00 to $160.00 and set an "overweight" rating on the stock in a report on Thursday, January 16th. Finally, Loop Capital dropped their price target on Advanced Drainage Systems from $180.00 to $170.00 and set a "buy" rating on the stock in a report on Monday, November 11th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, Advanced Drainage Systems currently has an average rating of "Moderate Buy" and a consensus price target of $164.25.

Advanced Drainage Systems Price Performance

NYSE:WMS traded up $2.00 during midday trading on Friday, hitting $127.13. 867,153 shares of the stock were exchanged, compared to its average volume of 661,676. Advanced Drainage Systems has a one year low of $110.75 and a one year high of $184.27. The company has a market capitalization of $9.86 billion, a price-to-earnings ratio of 21.26, a P/E/G ratio of 1.13 and a beta of 1.52. The business has a 50-day moving average price of $121.16 and a two-hundred day moving average price of $139.67. The company has a current ratio of 3.21, a quick ratio of 2.15 and a debt-to-equity ratio of 0.93.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last announced its earnings results on Thursday, February 6th. The construction company reported $1.09 EPS for the quarter, missing the consensus estimate of $1.34 by ($0.25). Advanced Drainage Systems had a return on equity of 35.79% and a net margin of 15.90%. Sell-side analysts predict that Advanced Drainage Systems will post 6.12 EPS for the current year.

Hedge Funds Weigh In On Advanced Drainage Systems

Several institutional investors and hedge funds have recently added to or reduced their stakes in WMS. Creative Planning grew its position in Advanced Drainage Systems by 9.3% during the 2nd quarter. Creative Planning now owns 4,701 shares of the construction company's stock worth $754,000 after purchasing an additional 401 shares in the last quarter. Truist Financial Corp grew its holdings in shares of Advanced Drainage Systems by 14.5% during the 2nd quarter. Truist Financial Corp now owns 2,095 shares of the construction company's stock valued at $336,000 after acquiring an additional 266 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of Advanced Drainage Systems by 4.8% during the 2nd quarter. Cetera Investment Advisers now owns 15,945 shares of the construction company's stock valued at $2,558,000 after acquiring an additional 729 shares in the last quarter. CWM LLC grew its holdings in shares of Advanced Drainage Systems by 18.1% during the 3rd quarter. CWM LLC now owns 555 shares of the construction company's stock valued at $87,000 after acquiring an additional 85 shares in the last quarter. Finally, UMB Bank n.a. grew its holdings in shares of Advanced Drainage Systems by 20.5% during the 3rd quarter. UMB Bank n.a. now owns 693 shares of the construction company's stock valued at $109,000 after acquiring an additional 118 shares in the last quarter. 89.83% of the stock is currently 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.