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

Advanced Drainage Systems (NYSE:WMS) had its price target lowered by Robert W. Baird from $174.00 to $161.00 in a report issued on Monday,Benzinga reports. The firm presently has an “outperform” rating on the construction company’s stock. Robert W. Baird’s price target indicates a potential upside of 16.99% from the stock’s current price.

A number of other research firms also recently issued reports on WMS. Loop Capital cut their price target on 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. 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 research report on Friday, August 9th. Oppenheimer lowered their price target on Advanced Drainage Systems from $192.00 to $184.00 and set an “outperform” rating for the company in a research report on Monday. KeyCorp cut 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, StockNews.com lowered shares of Advanced Drainage Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. One investment 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 an average rating of “Moderate Buy” and an average target price of $183.14.

Advanced Drainage Systems Price Performance

Shares of NYSE:WMS opened at $137.62 on Monday. Advanced Drainage Systems has a twelve month low of $112.11 and a twelve month high of $184.27. The stock’s 50 day moving average is $151.62 and its 200-day moving average is $159.75. The company has a quick ratio of 1.90, a current ratio of 2.89 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $10.67 billion, a price-to-earnings ratio of 21.91, a PEG ratio of 1.15 and a beta of 1.53.

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

Hedge Funds Weigh In On Advanced Drainage Systems

Several institutional investors have recently added to or reduced their stakes in WMS. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Advanced Drainage Systems by 319.4% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 151 shares of the construction company’s stock worth $26,000 after acquiring an additional 115 shares during the period. Blue Trust Inc. lifted its stake in Advanced Drainage Systems by 1,472.7% in the second quarter. Blue Trust Inc. now owns 173 shares of the construction company’s stock valued at $30,000 after purchasing an additional 162 shares during the last quarter. West Oak Capital LLC grew its holdings in Advanced Drainage Systems by 133.3% during the second 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 period. National Bank of Canada FI purchased a new stake in Advanced Drainage Systems in the second quarter worth $45,000. Finally, Huntington National Bank raised its stake in shares of Advanced Drainage Systems by 123.1% in the third quarter. Huntington National Bank now owns 386 shares of the construction company’s stock valued at $61,000 after buying an additional 213 shares during the period. Institutional investors 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.