Advanced Drainage Systems, Inc. (NYSE:WMS) Stock Has Average Target Price of $188.70 According to Analysts

Advanced Drainage Systems, Inc. (NYSE:WMS) has received an average recommendation of “Moderate Buy” from the ten analysts that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $188.70.

A number of analysts have recently weighed in on WMS shares. Barclays raised their price objective on Advanced Drainage Systems from $181.00 to $191.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 14th. Robert W. Baird set a $206.00 price target on Advanced Drainage Systems in a research note on Friday, August 7th. Royal Bank Of Canada raised their price target on Advanced Drainage Systems from $170.00 to $178.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. UBS Group increased their price objective on shares of Advanced Drainage Systems from $205.00 to $207.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Finally, DA Davidson reiterated a “buy” rating and issued a $190.00 target price on shares of Advanced Drainage Systems in a research note on Tuesday.

Advanced Drainage Systems Trading Up 0.0%

WMS opened at $126.13 on Tuesday. Advanced Drainage Systems has a 12 month low of $122.90 and a 12 month high of $179.32. The stock has a fifty day moving average price of $135.76 and a 200-day moving average price of $140.47. The firm has a market cap of $9.51 billion, a price-to-earnings ratio of 21.78, a PEG ratio of 1.38 and a beta of 1.29. The company has a current ratio of 2.12, a quick ratio of 1.18 and a debt-to-equity ratio of 0.95.

Advanced Drainage Systems (NYSE:WMS) last released its quarterly earnings results on Thursday, August 6th. The construction company reported $2.49 EPS for the quarter, beating the consensus estimate of $2.10 by $0.39. Advanced Drainage Systems had a net margin of 14.00% and a return on equity of 28.28%. The business had revenue of $1 billion during the quarter, compared to analyst estimates of $991.39 million. During the same period in the prior year, the firm posted $1.95 earnings per share. The company’s quarterly revenue was up 20.6% on a year-over-year basis. As a group, equities research analysts anticipate that Advanced Drainage Systems will post 6.62 earnings per share for the current fiscal year.

Advanced Drainage Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Tuesday, September 1st. Advanced Drainage Systems’s dividend payout ratio (DPR) is presently 13.82%.

Institutional Investors Weigh In On Advanced Drainage Systems

A number of institutional investors and hedge funds have recently modified their holdings of the company. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Advanced Drainage Systems in the second quarter worth $3,297,000. BlackRock Inc. acquired a new position in Advanced Drainage Systems during the second quarter valued at $1,172,482,000. Cibc World Market Inc. acquired a new position in Advanced Drainage Systems during the second quarter valued at $1,278,000. Pictet Asset Management Holding SA boosted its holdings in Advanced Drainage Systems by 32.9% in the first quarter. Pictet Asset Management Holding SA now owns 2,204,801 shares of the construction company’s stock valued at $302,290,000 after purchasing an additional 546,298 shares during the last quarter. Finally, Weiss Asset Management LP purchased a new stake in Advanced Drainage Systems in the first quarter valued at $5,170,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

Advanced Drainage Systems Company Profile

Advanced Drainage Systems, Inc (NYSE:WMS) designs and manufactures water management solutions for infrastructure, construction, agriculture and residential applications. The company is best known for its thermoplastic corrugated pipe and related products used to manage stormwater, drainage and wastewater.

Its product portfolio includes stormwater detention and treatment systems, drainage pipe, septic wastewater systems, fittings, chambers, pumps and other water management components. Advanced Drainage Systems also provides products for agricultural drainage, commercial and residential construction, and large-scale infrastructure projects.

Founded in 1966 and headquartered in Hilliard, Ohio, the company serves customers primarily across North America through manufacturing facilities, distribution centers and a network of independent distributors.