Barclays Has Lowered Expectations for Advanced Drainage Systems (NYSE:WMS) Stock Price

Advanced Drainage Systems (NYSE:WMS) had its price target reduced by equities research analysts at Barclays from $149.00 to $130.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the construction company’s stock. Barclays‘s price target would suggest a potential upside of 30.94% from the company’s current price.

Other equities research analysts have also issued reports about the stock. KeyCorp decreased their price target on shares of Advanced Drainage Systems from $180.00 to $135.00 and set an “overweight” rating on the stock in a report on Tuesday. StockNews.com cut Advanced Drainage Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, April 1st. Deutsche Bank Aktiengesellschaft started coverage on Advanced Drainage Systems in a research report on Tuesday, April 1st. They set a “buy” rating and a $134.00 price objective on the stock. Stephens reiterated an “equal weight” rating and issued a $135.00 target price on shares of Advanced Drainage Systems in a research report on Friday, February 7th. Finally, Loop Capital lowered their price objective on Advanced Drainage Systems from $170.00 to $160.00 and set a “buy” rating for the company in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $153.78.

Advanced Drainage Systems Price Performance

Shares of NYSE WMS traded down $0.80 during trading hours on Tuesday, hitting $99.29. 291,759 shares of the stock were exchanged, compared to its average volume of 566,424. Advanced Drainage Systems has a 1-year low of $95.39 and a 1-year high of $184.27. The company has a market cap of $7.70 billion, a PE ratio of 16.60, a price-to-earnings-growth ratio of 1.13 and a beta of 1.48. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.98 and a current ratio of 3.21. The company’s fifty day simple moving average is $114.53 and its two-hundred day simple moving average is $128.31.

Advanced Drainage Systems (NYSE:WMS) last posted its quarterly earnings results on Thursday, February 6th. The construction company reported $1.09 EPS for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.25). Advanced Drainage Systems had a return on equity of 35.79% and a net margin of 15.90%. On average, sell-side analysts predict that Advanced Drainage Systems will post 6.1 EPS for the current year.

Institutional Investors Weigh In On Advanced Drainage Systems

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Mascagni Wealth Management Inc. acquired a new position in shares of Advanced Drainage Systems during the fourth quarter worth approximately $74,000. UMB Bank n.a. grew its position in Advanced Drainage Systems by 12.7% in the 4th quarter. UMB Bank n.a. now owns 781 shares of the construction company’s stock worth $90,000 after purchasing an additional 88 shares in the last quarter. Spire Wealth Management purchased a new stake in shares of Advanced Drainage Systems during the fourth quarter valued at approximately $94,000. First Horizon Advisors Inc. increased its position in shares of Advanced Drainage Systems by 18.3% during the 4th quarter. First Horizon Advisors Inc. now owns 884 shares of the construction company’s stock valued at $102,000 after purchasing an additional 137 shares during the last quarter. Finally, Blue Trust Inc. raised its position in 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. 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.