Advanced Drainage Systems Inc (WMS) Receives $25.33 Average Price Target from Analysts

Advanced Drainage Systems Inc (NYSE:WMS) has been assigned a consensus rating of “Hold” from the nine research firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $25.33.

Several equities research analysts recently weighed in on WMS shares. Robert W. Baird reaffirmed a “buy” rating and set a $25.00 target price on shares of Advanced Drainage Systems in a research note on Wednesday, October 4th. TheStreet downgraded shares of Advanced Drainage Systems from a “b-” rating to a “c+” rating in a research note on Wednesday, October 25th. Citigroup started coverage on shares of Advanced Drainage Systems in a research note on Wednesday, November 29th. They set a “neutral” rating and a $26.00 target price on the stock. ValuEngine raised shares of Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research note on Friday, November 17th. Finally, Zacks Investment Research raised shares of Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research note on Thursday, October 5th.

In other Advanced Drainage Systems news, COO Thomas M. Fussner sold 18,325 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $23.67, for a total transaction of $433,752.75. Following the completion of the transaction, the chief operating officer now owns 549,519 shares in the company, valued at approximately $13,007,114.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Ronald R. Vitarelli sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $23.04, for a total transaction of $115,200.00. Following the transaction, the chief operating officer now owns 54,698 shares of the company’s stock, valued at approximately $1,260,241.92. The disclosure for this sale can be found here. Insiders own 21.43% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Stifel Financial Corp grew its holdings in Advanced Drainage Systems by 0.4% during the 2nd quarter. Stifel Financial Corp now owns 40,687 shares of the construction company’s stock worth $813,000 after acquiring an additional 164 shares in the last quarter. Rhumbline Advisers grew its holdings in Advanced Drainage Systems by 0.5% during the 2nd quarter. Rhumbline Advisers now owns 38,851 shares of the construction company’s stock worth $781,000 after acquiring an additional 178 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in Advanced Drainage Systems by 1.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 28,011 shares of the construction company’s stock worth $563,000 after acquiring an additional 346 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in shares of Advanced Drainage Systems by 0.9% in the 2nd quarter. Alliancebernstein L.P. now owns 67,718 shares of the construction company’s stock valued at $1,361,000 after buying an additional 609 shares in the last quarter. Finally, Voya Investment Management LLC boosted its holdings in shares of Advanced Drainage Systems by 19.3% in the 2nd quarter. Voya Investment Management LLC now owns 15,631 shares of the construction company’s stock valued at $314,000 after buying an additional 2,525 shares in the last quarter. Institutional investors own 80.60% of the company’s stock.

Shares of Advanced Drainage Systems (WMS) traded down $0.25 on Monday, reaching $24.70. 152,107 shares of the company traded hands, compared to its average volume of 225,970. Advanced Drainage Systems has a 1 year low of $17.90 and a 1 year high of $25.20. The stock has a market cap of $1,380.00, a P/E ratio of 58.81 and a beta of 1.03. The company has a debt-to-equity ratio of 4.47, a quick ratio of 1.32 and a current ratio of 2.26.

Advanced Drainage Systems (NYSE:WMS) last announced its earnings results on Thursday, November 2nd. The construction company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.08). Advanced Drainage Systems had a return on equity of 41.08% and a net margin of 1.97%. The business had revenue of $401.00 million for the quarter, compared to analysts’ expectations of $376.45 million. During the same period in the previous year, the company earned $0.35 earnings per share. Advanced Drainage Systems’s quarterly revenue was up 11.1% on a year-over-year basis. research analysts predict that Advanced Drainage Systems will post 0.53 earnings per share for the current year.

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About Advanced Drainage Systems

Advanced Drainage Systems, Inc is engaged in designing, manufacturing and marketing of thermoplastic corrugated pipe and related water management products, primarily in North and South America, and Europe. The Company operates through two segments: Domestic and International. The Domestic segment manufactures and markets products throughout the United States.

Analyst Recommendations for Advanced Drainage Systems (NYSE:WMS)

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