Advanced Drainage Systems, Inc. (NYSE:WMS) Receives Average Rating of “Moderate Buy” from Analysts

Posted by on May 5th, 2023

Advanced Drainage Systems, Inc. (NYSE:WMS – Get Rating) has been assigned a consensus rating of “Moderate Buy” from the eight ratings firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $116.83.

WMS has been the subject of a number of research reports. Oppenheimer initiated coverage on Advanced Drainage Systems in a research report on Tuesday, April 18th. They issued an “outperform” rating and a $108.00 price objective for the company. Morgan Stanley lowered their target price on Advanced Drainage Systems from $110.00 to $105.00 and set an “overweight” rating for the company in a research note on Wednesday, April 19th. Deutsche Bank Aktiengesellschaft reduced their price target on Advanced Drainage Systems from $147.00 to $125.00 and set a “buy” rating on the stock in a research report on Tuesday, March 21st. Loop Capital cut their price target on Advanced Drainage Systems from $118.00 to $115.00 and set a “buy” rating on the stock in a report on Friday, March 24th. Finally, StockNews.com started coverage on Advanced Drainage Systems in a research report on Thursday, March 16th. They set a “hold” rating on the stock.

Advanced Drainage Systems Stock Down 3.5 %

NYSE:WMS opened at $82.80 on Friday. The company has a current ratio of 3.13, a quick ratio of 1.89 and a debt-to-equity ratio of 1.34. Advanced Drainage Systems has a 1-year low of $75.02 and a 1-year high of $153.36. The business’s fifty day moving average price is $83.52 and its 200 day moving average price is $90.02. The firm has a market capitalization of $6.73 billion, a price-to-earnings ratio of 14.92, a PEG ratio of 0.91 and a beta of 1.38.

Advanced Drainage Systems (NYSE:WMS – Get Rating) last issued its quarterly earnings data on Thursday, February 2nd. The construction company reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.05). Advanced Drainage Systems had a net margin of 14.93% and a return on equity of 50.65%. The company had revenue of $655.20 million for the quarter, compared to analyst estimates of $713.57 million. During the same period in the prior year, the company posted $0.86 EPS. The business’s revenue was down 8.4% on a year-over-year basis. On average, sell-side analysts forecast that Advanced Drainage Systems will post 5.72 earnings per share for the current fiscal year.

Insider Activity

In other Advanced Drainage Systems news, CAO Kevin C. Talley sold 22,006 shares of Advanced Drainage Systems stock in a transaction dated Friday, March 3rd. The stock was sold at an average price of $89.67, for a total transaction of $1,973,278.02. Following the completion of the transaction, the chief accounting officer now owns 40,019 shares in the company, valued at approximately $3,588,503.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 9.33% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Advanced Drainage Systems

Hedge funds and other institutional investors have recently bought and sold shares of the business. Tobam bought a new position in shares of Advanced Drainage Systems during the third quarter valued at about $30,000. EverSource Wealth Advisors LLC purchased a new stake in shares of Advanced Drainage Systems during the third quarter valued at approximately $30,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Advanced Drainage Systems during the third quarter valued at approximately $37,000. Belpointe Asset Management LLC purchased a new stake in Advanced Drainage Systems in the fourth quarter worth approximately $27,000. Finally, Neo Ivy Capital Management purchased a new stake in Advanced Drainage Systems in the second quarter worth approximately $33,000. Institutional investors own 83.46% of the company’s stock.

About Advanced Drainage Systems

(Get Rating)

Advanced Drainage Systems, Inc engages in the manufacture of thermoplastic corrugated pipe, which provides a suite of water management products and drainage solutions for use in the construction and infrastructure marketplace. It operates through the following segments: Pipe, Infiltrator, International, and Allied Products & Other.

Featured Articles

Analyst Recommendations for Advanced Drainage Systems (NYSE:WMS)

Receive News & Ratings for Advanced Drainage Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Drainage Systems and related companies with MarketBeat.com's FREE daily email newsletter.