Advanced Drainage Systems (NYSE:WMS) Stock Rating Upgraded by UBS Group

Advanced Drainage Systems (NYSE:WMS - Get Free Report) was upgraded by research analysts at UBS Group from a "neutral" rating to a "buy" rating in a report released on Wednesday, MarketBeat.com reports. The brokerage currently has a $155.00 target price on the construction company's stock. UBS Group's target price would suggest a potential upside of 34.78% from the company's current price.

A number of other analysts have also recently issued reports on the company. Barclays lowered their target price on Advanced Drainage Systems from $194.00 to $172.00 and set an "overweight" rating for the company in a research note on Monday, November 11th. Oppenheimer lowered 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 research report on Monday, November 11th. Loop Capital dropped their price objective on shares of Advanced Drainage Systems from $180.00 to $170.00 and set a "buy" rating on the stock in a report on Monday, November 11th. KeyCorp reduced their target price on shares of Advanced Drainage Systems from $195.00 to $180.00 and set an "overweight" rating for the company in a research note on Monday, November 11th. Finally, Stephens reissued an "equal weight" rating and issued a $135.00 price target (down previously from $170.00) on shares of Advanced Drainage Systems in a research note on Wednesday, November 13th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $168.38.

Advanced Drainage Systems Trading Up 1.0 %

Shares of Advanced Drainage Systems stock traded up $1.10 during trading on Wednesday, reaching $115.00. 735,331 shares of the company were exchanged, compared to its average volume of 501,122. Advanced Drainage Systems has a twelve month low of $113.10 and a twelve month high of $184.27. The business has a 50-day moving average price of $128.82 and a 200-day moving average price of $146.41. The company has a quick ratio of 2.15, a current ratio of 3.19 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $8.92 billion, a price-to-earnings ratio of 18.31, a P/E/G ratio of 1.22 and a beta of 1.51.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last announced 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 net margin of 16.89% and a return on equity of 40.31%. The company had revenue of $782.60 million during the quarter, compared to the consensus estimate of $819.41 million. During the same period last year, the company earned $1.71 earnings per share. The business's revenue was up .3% compared to the same quarter last year. Sell-side analysts anticipate that Advanced Drainage Systems will post 6.12 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. State Street Corp lifted its stake in Advanced Drainage Systems by 8.8% in the 3rd quarter. State Street Corp now owns 2,541,688 shares of the construction company's stock valued at $399,452,000 after purchasing an additional 206,105 shares during the last quarter. Zacks Investment Management acquired a new stake in shares of Advanced Drainage Systems in the third quarter valued at approximately $2,694,000. Advantage Alpha Capital Partners LP bought a new position in shares of Advanced Drainage Systems during the 3rd quarter worth approximately $8,540,000. Swedbank AB increased its holdings in shares of Advanced Drainage Systems by 5.8% during the 3rd quarter. Swedbank AB now owns 1,384,276 shares of the construction company's stock worth $217,553,000 after acquiring an additional 75,455 shares during the last quarter. Finally, Rathbones Group PLC raised its stake in Advanced Drainage Systems by 4.3% in the 2nd quarter. Rathbones Group PLC now owns 206,970 shares of the construction company's stock valued at $33,196,000 after acquiring an additional 8,468 shares during the period. Institutional investors and hedge funds 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.