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

Advanced Drainage Systems (NYSE:WMS) had its price target dropped by stock analysts at Loop Capital from $170.00 to $160.00 in a note issued to investors on Friday,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 32.88% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the company. Barclays dropped their price objective on Advanced Drainage Systems from $160.00 to $149.00 and set an “overweight” rating for the company in a report on Friday. KeyCorp dropped their price target on Advanced Drainage Systems from $195.00 to $180.00 and set an “overweight” rating on the stock in a research note on Monday, November 11th. Oppenheimer decreased their price target on Advanced Drainage Systems from $192.00 to $184.00 and set an “outperform” rating for the company in a report on Monday, November 11th. UBS Group raised shares of Advanced Drainage Systems from a “neutral” rating to a “buy” rating and set a $155.00 price target for the company in a report on Wednesday, January 8th. Finally, Robert W. Baird lowered their price objective on Advanced Drainage Systems from $174.00 to $161.00 and set an “outperform” rating on the stock in a research note on Monday, November 11th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $164.25.

Advanced Drainage Systems Trading Up 2.3 %

Advanced Drainage Systems stock traded up $2.73 during mid-day trading on Friday, reaching $120.41. 890,142 shares of the company traded hands, compared to its average volume of 636,330. The firm has a market capitalization of $9.33 billion, a price-to-earnings ratio of 19.17, a P/E/G ratio of 1.16 and a beta of 1.52. The firm’s 50 day moving average price is $121.63 and its 200 day moving average price is $140.70. Advanced Drainage Systems has a 52-week low of $110.75 and a 52-week high of $184.27. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.19 and a quick ratio of 2.15.

Advanced Drainage Systems (NYSE:WMS) last posted its quarterly earnings data 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 net margin of 16.89% and a return on equity of 40.31%. On average, analysts anticipate that Advanced Drainage Systems will post 6.12 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Advanced Drainage Systems

Large investors have recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in Advanced Drainage Systems by 8.8% during the 3rd quarter. State Street Corp now owns 2,541,688 shares of the construction company’s stock worth $399,452,000 after buying an additional 206,105 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in Advanced Drainage Systems by 50.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 96,764 shares of the construction company’s stock worth $11,186,000 after purchasing an additional 32,418 shares during the period. Zacks Investment Management acquired a new position in Advanced Drainage Systems during the third quarter worth about $2,694,000. Advantage Alpha Capital Partners LP bought a new stake in Advanced Drainage Systems during the third quarter worth approximately $8,540,000. Finally, Swedbank AB lifted its holdings in shares of Advanced Drainage Systems by 5.8% during the third quarter. Swedbank AB now owns 1,384,276 shares of the construction company’s stock valued at $217,553,000 after purchasing an additional 75,455 shares during the last quarter. 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.