Advanced Drainage Systems (NYSE:WMS) Price Target Lowered to $161.00 at Robert W. Baird

Advanced Drainage Systems (NYSE:WMS - Get Free Report) had its price target dropped by stock analysts at Robert W. Baird from $174.00 to $161.00 in a research note issued on Monday,Benzinga reports. The firm currently has an "outperform" rating on the construction company's stock. Robert W. Baird's price target indicates a potential upside of 18.66% from the stock's current price.

Several other research analysts have also issued reports on the company. StockNews.com lowered Advanced Drainage Systems from a "buy" rating to a "hold" rating in a report on Wednesday, July 17th. Barclays cut their target price on Advanced Drainage Systems from $202.00 to $194.00 and set an "overweight" rating on the stock in a report on Friday, August 9th. Loop Capital decreased their price target on shares of Advanced Drainage Systems from $188.00 to $180.00 and set a "buy" rating for the company in a research note on Monday, August 12th. KeyCorp lowered their price objective on shares of Advanced Drainage Systems from $195.00 to $180.00 and set an "overweight" rating on the stock in a report on Monday. Finally, Oppenheimer reduced their price objective on shares of Advanced Drainage Systems from $192.00 to $184.00 and set an "outperform" rating for the company in a report on Monday. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $178.57.

Advanced Drainage Systems Trading Down 0.4 %

Shares of WMS stock traded down $0.48 during trading hours on Monday, hitting $135.68. 1,376,273 shares of the company were exchanged, compared to its average volume of 497,456. The company has a 50 day simple moving average of $151.62 and a two-hundred day simple moving average of $159.75. The firm has a market cap of $10.52 billion, a P/E ratio of 21.77, a P/E/G ratio of 1.15 and a beta of 1.53. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.90 and a current ratio of 2.89. Advanced Drainage Systems has a fifty-two week low of $112.11 and a fifty-two week high of $184.27.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last posted its quarterly earnings results on Friday, November 8th. The construction company reported $1.70 EPS for the quarter, missing analysts' consensus estimates of $1.93 by ($0.23). Advanced Drainage Systems had a return on equity of 43.60% and a net margin of 17.09%. The company had revenue of $782.60 million during the quarter, compared to analyst estimates of $819.41 million. During the same quarter in the previous year, the business posted $1.71 earnings per share. The company's revenue for the quarter was up .3% compared to the same quarter last year. Equities analysts anticipate that Advanced Drainage Systems will post 6.95 EPS for the current year.

Institutional Investors Weigh In On Advanced Drainage Systems

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. CIBC Asset Management Inc grew its holdings in shares of Advanced Drainage Systems by 3.6% in the third quarter. CIBC Asset Management Inc now owns 2,271 shares of the construction company's stock valued at $357,000 after acquiring an additional 79 shares in the last quarter. CWM LLC boosted its position in Advanced Drainage Systems by 18.1% in the third quarter. CWM LLC now owns 555 shares of the construction company's stock worth $87,000 after purchasing an additional 85 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in Advanced Drainage Systems by 10.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,020 shares of the construction company's stock valued at $164,000 after purchasing an additional 95 shares during the period. West Oak Capital LLC increased 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 valued at $28,000 after purchasing an additional 100 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC raised its stake in shares of Advanced Drainage Systems by 4.8% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 2,411 shares of the construction company's stock worth $379,000 after purchasing an additional 111 shares during the period. Hedge funds and other institutional investors own 89.83% of the company's stock.

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.