Loop Capital Issues Pessimistic Forecast for Advanced Drainage Systems (NYSE:WMS) Stock Price

Advanced Drainage Systems (NYSE:WMS) had its target price decreased by analysts at Loop Capital from $180.00 to $170.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the construction company’s stock. Loop Capital’s target price points to a potential upside of 29.80% from the stock’s previous close.

WMS has been the subject of a number of other reports. Barclays reduced their price target on shares of Advanced Drainage Systems from $194.00 to $172.00 and set an “overweight” rating for the company in a research report on Monday. StockNews.com cut shares of Advanced Drainage Systems from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. KeyCorp lowered their price target 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 reduced their price objective on Advanced Drainage Systems from $192.00 to $184.00 and set an “outperform” rating for the company in a research note on Monday. Finally, Robert W. Baird lowered their target price on Advanced Drainage Systems from $174.00 to $161.00 and set an “outperform” rating on the stock in a research note on Monday. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $178.57.

Advanced Drainage Systems Trading Down 3.6 %

NYSE:WMS opened at $130.97 on Monday. The company has a current ratio of 2.89, a quick ratio of 1.90 and a debt-to-equity ratio of 1.04. The firm has a fifty day simple moving average of $150.84 and a 200-day simple moving average of $159.35. Advanced Drainage Systems has a 12 month low of $112.11 and a 12 month high of $184.27. The company has a market capitalization of $10.15 billion, a P/E ratio of 20.86, a PEG ratio of 1.15 and a beta of 1.53.

Advanced Drainage Systems (NYSE:WMS) last posted its quarterly earnings results 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). Advanced Drainage Systems had a net margin of 17.09% and a return on equity of 43.60%. The firm had revenue of $782.60 million for the quarter, compared to analysts’ expectations of $819.41 million. During the same quarter in the previous year, the firm posted $1.71 EPS. The firm’s revenue for the quarter was up .3% compared to the same quarter last year. On average, equities research analysts anticipate that Advanced Drainage Systems will post 6.95 earnings per share for the current year.

Institutional Trading of Advanced Drainage Systems

Institutional investors have recently bought and sold shares of the business. Empowered Funds LLC lifted its position in shares of Advanced Drainage Systems by 10.1% during the 1st quarter. Empowered Funds LLC now owns 7,696 shares of the construction company’s stock valued at $1,326,000 after buying an additional 707 shares in the last quarter. QRG Capital Management Inc. purchased a new position in Advanced Drainage Systems during the first quarter valued at $201,000. Russell Investments Group Ltd. grew its position in shares of Advanced Drainage Systems by 63.0% in the first quarter. Russell Investments Group Ltd. now owns 66,714 shares of the construction company’s stock valued at $11,474,000 after purchasing an additional 25,786 shares during the period. US Bancorp DE increased its stake in shares of Advanced Drainage Systems by 11.8% during the first quarter. US Bancorp DE now owns 2,475 shares of the construction company’s stock worth $426,000 after purchasing an additional 262 shares in the last quarter. Finally, Entropy Technologies LP acquired a new position in shares of Advanced Drainage Systems during the 1st quarter worth about $346,000. 89.83% of the stock is owned by institutional investors and hedge funds.

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.