Barclays Lowers Advanced Drainage Systems (NYSE:WMS) Price Target to $149.00

Advanced Drainage Systems (NYSE:WMS) had its price objective dropped by equities researchers at Barclays from $160.00 to $149.00 in a report released on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the construction company’s stock. Barclays‘s target price would suggest a potential upside of 23.75% from the company’s current price.

Several other equities analysts have also issued reports on the company. KeyCorp decreased their target price on 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. Oppenheimer cut their target price on Advanced Drainage Systems from $192.00 to $184.00 and set an “outperform” rating on the stock in a research note on Monday, November 11th. Loop Capital dropped their price objective on Advanced Drainage Systems from $180.00 to $170.00 and set a “buy” rating on the stock in a research note on Monday, November 11th. Stephens reiterated an “equal weight” rating and set a $135.00 price objective on shares of Advanced Drainage Systems in a research note on Friday. Finally, Robert W. Baird dropped their price target on Advanced Drainage Systems from $174.00 to $161.00 and set an “outperform” rating on the stock in a research note on Monday, November 11th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $165.50.

Advanced Drainage Systems Stock Up 2.3 %

NYSE:WMS traded up $2.73 during mid-day trading on Friday, reaching $120.41. The stock had a trading volume of 890,142 shares, compared to its average volume of 636,309. The stock has a market cap of $9.33 billion, a P/E ratio of 19.17, a PEG ratio of 1.16 and a beta of 1.52. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.19 and a quick ratio of 2.15. The business’s 50 day moving average is $121.63 and its 200 day moving average is $140.70. Advanced Drainage Systems has a fifty-two week low of $110.75 and a fifty-two week high of $184.27.

Advanced Drainage Systems (NYSE:WMS) last posted its quarterly earnings data 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 net margin of 16.89% and a return on equity of 40.31%. As a group, sell-side analysts predict that Advanced Drainage Systems will post 6.12 earnings per share for the current year.

Institutional Investors Weigh In On Advanced Drainage Systems

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. CIBC Asset Management Inc increased its position in Advanced Drainage Systems by 3.6% during the 3rd quarter. CIBC Asset Management Inc now owns 2,271 shares of the construction company’s stock valued at $357,000 after buying an additional 79 shares in the last quarter. CWM LLC grew its holdings in shares of 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 acquiring an additional 85 shares during the period. UMB Bank n.a. grew its holdings in shares of Advanced Drainage Systems by 12.7% in the fourth quarter. UMB Bank n.a. now owns 781 shares of the construction company’s stock worth $90,000 after acquiring an additional 88 shares during the period. Blue Trust Inc. grew its holdings in shares of Advanced Drainage Systems by 12.0% in the fourth quarter. Blue Trust Inc. now owns 1,005 shares of the construction company’s stock worth $116,000 after acquiring an additional 108 shares during the period. Finally, Fifth Third Wealth Advisors LLC lifted its position in Advanced Drainage Systems by 4.8% during the third quarter. Fifth Third Wealth Advisors LLC now owns 2,411 shares of the construction company’s stock valued at $379,000 after purchasing an additional 111 shares in the last quarter. 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.