Brokerages Set Advanced Drainage Systems, Inc. (NYSE:WMS) Target Price at $190.29

Shares of Advanced Drainage Systems, Inc. (NYSE:WMS) have received an average rating of “Moderate Buy” from the eight ratings firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $190.2857.

WMS has been the topic of several research reports. KeyCorp boosted their target price on Advanced Drainage Systems from $180.00 to $198.00 and gave the company an “overweight” rating in a research note on Friday, February 6th. UBS Group set a $215.00 price target on shares of Advanced Drainage Systems and gave the stock a “buy” rating in a research note on Friday, February 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Advanced Drainage Systems in a report on Monday, April 20th. Oppenheimer reissued an “outperform” rating and issued a $195.00 price objective (down from $200.00) on shares of Advanced Drainage Systems in a research report on Friday, April 17th. Finally, Royal Bank Of Canada raised their target price on shares of Advanced Drainage Systems from $176.00 to $205.00 and gave the company an “outperform” rating in a research report on Friday, February 6th.

Advanced Drainage Systems Stock Performance

Shares of Advanced Drainage Systems stock opened at $143.61 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 4.12 and a quick ratio of 3.08. The firm has a market cap of $11.19 billion, a price-to-earnings ratio of 23.90, a price-to-earnings-growth ratio of 1.50 and a beta of 1.33. The stock’s 50-day moving average is $145.83 and its 200-day moving average is $150.44. Advanced Drainage Systems has a one year low of $104.69 and a one year high of $179.32.

Hedge Funds Weigh In On Advanced Drainage Systems

A number of large investors have recently modified their holdings of WMS. Bridges Investment Management Inc. boosted its position in Advanced Drainage Systems by 32.9% during the third quarter. Bridges Investment Management Inc. now owns 28,122 shares of the construction company’s stock valued at $3,901,000 after purchasing an additional 6,960 shares during the last quarter. Pier Capital LLC grew its stake in Advanced Drainage Systems by 69,891.7% in the fourth quarter. Pier Capital LLC now owns 50,394 shares of the construction company’s stock valued at $7,299,000 after purchasing an additional 50,322 shares in the last quarter. Mediolanum International Funds Ltd acquired a new position in shares of Advanced Drainage Systems during the 3rd quarter worth approximately $24,314,000. Essex Investment Management Co. LLC increased its position in shares of Advanced Drainage Systems by 345.7% during the 3rd quarter. Essex Investment Management Co. LLC now owns 42,898 shares of the construction company’s stock worth $5,950,000 after purchasing an additional 33,274 shares during the last quarter. Finally, Asset Management One Co. Ltd. raised its stake in shares of Advanced Drainage Systems by 29.7% during the 3rd quarter. Asset Management One Co. Ltd. now owns 19,982 shares of the construction company’s stock worth $2,772,000 after purchasing an additional 4,574 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Advanced Drainage Systems Company Profile

Advanced Drainage Systems, Inc (NYSE: WMS) is a leading manufacturer and supplier of water management solutions in North America. Headquartered in Hilliard, Ohio, the company specializes in the design, production and distribution of high-density polyethylene (HDPE) drainage pipe and related products. Its core business addresses stormwater management, on-site septic systems and erosion control for residential, commercial and infrastructure projects.

The company’s product portfolio includes corrugated plastic pipe, tubing, fittings, geocells, geogrids and stormwater structures such as inlets, manholes and detention/retention systems.