Advanced Drainage Systems, Inc. (NYSE:WMS) Stock Has Consensus Target Price of $188.70 According to Analysts

Shares of Advanced Drainage Systems, Inc. (NYSE:WMS) have been assigned an average rating of “Moderate Buy” from the ten ratings firms that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $188.20.

Several equities analysts have issued reports on the company. Barclays boosted their target price on Advanced Drainage Systems from $181.00 to $191.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 14th. National Bank Financial set a $190.00 price target on shares of Advanced Drainage Systems in a research note on Monday, August 24th. KeyCorp reiterated an “overweight” rating on shares of Advanced Drainage Systems in a research note on Monday, June 22nd. DA Davidson restated a “buy” rating and set a $190.00 target price on shares of Advanced Drainage Systems in a research report on Tuesday, October 6th. Finally, Robert W. Baird set a $206.00 price target on Advanced Drainage Systems in a research note on Friday, August 7th.

Institutional Investors Weigh In On Advanced Drainage Systems

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Wedmont Private Capital increased its position in Advanced Drainage Systems by 25.1% during the 3rd quarter. Wedmont Private Capital now owns 1,898 shares of the construction company’s stock worth $240,000 after purchasing an additional 381 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Advanced Drainage Systems by 13.2% during the 3rd quarter. GAMMA Investing LLC now owns 1,999 shares of the construction company’s stock worth $253,000 after purchasing an additional 233 shares during the period. Valeo Financial Advisors LLC boosted its holdings in shares of Advanced Drainage Systems by 43.5% during the third quarter. Valeo Financial Advisors LLC now owns 3,834 shares of the construction company’s stock worth $486,000 after purchasing an additional 1,162 shares during the last quarter. SkyView Investment Advisors LLC acquired a new position in Advanced Drainage Systems in the second quarter valued at $283,000. Finally, Tidal Investments LLC boosted its stake in Advanced Drainage Systems by 7.4% in the 2nd quarter. Tidal Investments LLC now owns 9,471 shares of the construction company’s stock worth $1,487,000 after buying an additional 652 shares during the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Advanced Drainage Systems Price Performance

WMS stock opened at $126.11 on Tuesday. The company has a current ratio of 2.12, a quick ratio of 1.18 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $9.51 billion, a P/E ratio of 21.78, a PEG ratio of 1.44 and a beta of 1.29. The business has a 50 day simple moving average of $135.12 and a 200-day simple moving average of $140.31. Advanced Drainage Systems has a twelve month low of $122.90 and a twelve month high of $179.32.

Advanced Drainage Systems (NYSE:WMS) last posted its quarterly earnings data on Thursday, August 6th. The construction company reported $2.49 EPS for the quarter, beating analysts’ consensus estimates of $2.10 by $0.39. Advanced Drainage Systems had a net margin of 14.00% and a return on equity of 28.28%. The company had revenue of $1 billion for the quarter, compared to analyst estimates of $991.39 million. During the same period in the previous year, the business posted $1.95 earnings per share. Advanced Drainage Systems’s quarterly revenue was up 20.6% on a year-over-year basis. As a group, equities analysts anticipate that Advanced Drainage Systems will post 6.57 EPS for the current year.

Advanced Drainage Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were given a dividend of $0.20 per share. The ex-dividend date was Tuesday, September 1st. This represents a $0.80 dividend on an annualized basis and a yield of 0.6%. Advanced Drainage Systems’s payout ratio is presently 13.82%.

Advanced Drainage Systems Company Profile

Advanced Drainage Systems, Inc (NYSE:WMS) designs and manufactures water management solutions for infrastructure, construction, agriculture and residential applications. The company is best known for its thermoplastic corrugated pipe and related products used to manage stormwater, drainage and wastewater.

Its product portfolio includes stormwater detention and treatment systems, drainage pipe, septic wastewater systems, fittings, chambers, pumps and other water management components. Advanced Drainage Systems also provides products for agricultural drainage, commercial and residential construction, and large-scale infrastructure projects.

Founded in 1966 and headquartered in Hilliard, Ohio, the company serves customers primarily across North America through manufacturing facilities, distribution centers and a network of independent distributors.