Barclays Cuts Advanced Drainage Systems (NYSE:WMS) Price Target to $172.00

Advanced Drainage Systems (NYSE:WMS) had its target price dropped by stock analysts at Barclays from $194.00 to $172.00 in a report issued on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the construction company’s stock. Barclays‘s price target suggests a potential upside of 31.33% from the company’s current price.

WMS has been the topic of a number of other reports. 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. Loop Capital cut their target price on Advanced Drainage Systems from $188.00 to $180.00 and set a “buy” rating on the stock in a report on Monday, August 12th. KeyCorp lowered 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. Oppenheimer decreased their target price on shares of Advanced Drainage Systems from $192.00 to $184.00 and set an “outperform” rating for the company in a research report on Monday. Finally, StockNews.com lowered shares of Advanced Drainage Systems from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Advanced Drainage Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $178.57.

Advanced Drainage Systems Price Performance

Shares of WMS opened at $130.97 on Monday. The firm has a market cap of $10.15 billion, a PE ratio of 20.86, a price-to-earnings-growth ratio of 1.15 and a beta of 1.53. Advanced Drainage Systems has a 52-week low of $112.11 and a 52-week high of $184.27. The business’s 50 day moving average price is $150.84 and its two-hundred day moving average price is $159.35. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.90 and a current ratio of 2.89.

Advanced Drainage Systems (NYSE:WMS) last issued its earnings results on Friday, November 8th. The construction company reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.93 by ($0.23). Advanced Drainage Systems had a return on equity of 43.60% and a net margin of 17.09%. The company had revenue of $782.60 million for the quarter, compared to the consensus estimate of $819.41 million. During the same period in the prior year, the company earned $1.71 earnings per share. The firm’s revenue was up .3% compared to the same quarter last year. On average, equities analysts anticipate that Advanced Drainage Systems will post 6.95 EPS for the current year.

Institutional Investors Weigh In On Advanced Drainage Systems

A number of institutional investors have recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Advanced Drainage Systems by 319.4% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 151 shares of the construction company’s stock worth $26,000 after buying an additional 115 shares in the last quarter. West Oak Capital LLC lifted 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 worth $28,000 after acquiring an additional 100 shares during the period. Blue Trust Inc. boosted its position 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 worth $30,000 after purchasing an additional 162 shares during the last quarter. National Bank of Canada FI bought a new position in Advanced Drainage Systems in the 2nd quarter valued at $45,000. Finally, Huntington National Bank increased its position in shares of Advanced Drainage Systems by 123.1% during the 3rd quarter. Huntington National Bank now owns 386 shares of the construction company’s stock valued at $61,000 after purchasing an additional 213 shares during the last quarter. 89.83% of the stock is owned by 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.