Advanced Drainage Systems (NYSE:WMS) Given New $160.00 Price Target at Loop Capital

Advanced Drainage Systems (NYSE:WMS - Get Free Report) had its price objective reduced by stock analysts at Loop Capital from $170.00 to $160.00 in a research report issued on Friday,Benzinga reports. The firm presently has a "buy" rating on the construction company's stock. Loop Capital's price objective would suggest a potential upside of 25.85% from the stock's current price.

WMS has been the subject of several other reports. Robert W. Baird decreased their price objective on Advanced Drainage Systems from $174.00 to $161.00 and set an "outperform" rating for the company in a report on Monday, November 11th. KeyCorp lowered their price target on shares of Advanced Drainage Systems from $195.00 to $180.00 and set an "overweight" rating for the company in a research report on Monday, November 11th. Barclays cut their price objective on shares of Advanced Drainage Systems from $160.00 to $149.00 and set an "overweight" rating on the stock in a report on Friday. Oppenheimer lowered their target price on Advanced Drainage Systems from $192.00 to $184.00 and set an "outperform" rating for the company in a report on Monday, November 11th. Finally, UBS Group upgraded 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. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Advanced Drainage Systems has a consensus rating of "Moderate Buy" and an average target price of $164.25.

Advanced Drainage Systems Trading Up 1.6 %

Shares of NYSE WMS traded up $2.00 during midday trading on Friday, hitting $127.13. The company's stock had a trading volume of 867,153 shares, compared to its average volume of 661,676. The business's 50 day moving average is $121.00 and its two-hundred day moving average is $139.33. Advanced Drainage Systems has a 12-month low of $110.75 and a 12-month high of $184.27. The company has a current ratio of 3.21, a quick ratio of 2.15 and a debt-to-equity ratio of 0.93. The firm has a market cap of $9.86 billion, a P/E ratio of 21.26, a price-to-earnings-growth ratio of 1.13 and a beta of 1.52.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last released its earnings results on Thursday, February 6th. The construction company reported $1.09 earnings per share 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%. As a group, equities research analysts expect that Advanced Drainage Systems will post 6.12 EPS for the current year.

Institutional Investors Weigh In On Advanced Drainage Systems

A number of large investors have recently made changes to their positions in WMS. Huntington National Bank lifted its position in 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 during the period. Millburn Ridgefield Corp lifted its holdings in shares of Advanced Drainage Systems by 642.4% during the third quarter. Millburn Ridgefield Corp now owns 490 shares of the construction company's stock worth $77,000 after purchasing an additional 424 shares during the period. 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 valued at $87,000 after buying an additional 85 shares during the last quarter. UMB Bank n.a. boosted its position in Advanced Drainage Systems by 12.7% in the fourth quarter. UMB Bank n.a. now owns 781 shares of the construction company's stock valued at $90,000 after buying an additional 88 shares during the last quarter. Finally, Spire Wealth Management purchased a new position in Advanced Drainage Systems during the 4th quarter worth approximately $94,000. 89.83% of the stock is 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.