Advanced Drainage Systems (NYSE:WMS – Get Free Report)‘s stock had its “overweight” rating reissued by investment analysts at Stephens in a note issued to investors on Monday, Benzinga reports. They currently have a $175.00 price target on the construction company’s stock. Stephens’ target price would suggest a potential upside of 33.38% from the company’s current price.
Several other brokerages have also recently weighed in on WMS. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Advanced Drainage Systems in a research report on Friday, July 17th. Robert W. Baird set a $206.00 target price on Advanced Drainage Systems in a research report on Friday, August 7th. National Bank Financial set a $190.00 price target on Advanced Drainage Systems in a report on Monday, August 24th. Zacks Research upgraded Advanced Drainage Systems from a “strong sell” rating to a “hold” rating in a research note on Monday, July 27th. Finally, Royal Bank Of Canada raised their price objective on Advanced Drainage Systems from $170.00 to $178.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $188.70.
Read Our Latest Stock Report on WMS
Advanced Drainage Systems Stock Up 3.4%
Advanced Drainage Systems (NYSE:WMS – Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The construction company reported $2.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.10 by $0.39. The business had revenue of $1 billion for the quarter, compared to the consensus estimate of $991.39 million. Advanced Drainage Systems had a return on equity of 28.28% and a net margin of 14.00%.The business’s revenue was up 20.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.95 EPS. Sell-side analysts predict that Advanced Drainage Systems will post 6.62 EPS for the current year.
Institutional Investors Weigh In On Advanced Drainage Systems
Institutional investors have recently added to or reduced their stakes in the business. Allworth Financial LP purchased a new position in shares of Advanced Drainage Systems in the second quarter valued at approximately $26,000. SJS Investment Consulting Inc. increased its position in shares of Advanced Drainage Systems by 78.1% during the first quarter. SJS Investment Consulting Inc. now owns 244 shares of the construction company’s stock worth $33,000 after purchasing an additional 107 shares in the last quarter. Avalon Trust Co purchased a new position in Advanced Drainage Systems in the 2nd quarter valued at $42,000. Clearstead Advisors LLC boosted its stake in Advanced Drainage Systems by 150.8% during the 4th quarter. Clearstead Advisors LLC now owns 301 shares of the construction company’s stock worth $44,000 after purchasing an additional 181 shares during the last quarter. Finally, Vega Investment Solutions acquired a new stake in Advanced Drainage Systems during the 2nd quarter worth $50,000. 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 products for the construction, infrastructure, agriculture and residential markets. Founded in 1966 and headquartered in Hilliard, Ohio, the company is known for its thermoplastic corrugated pipe and related systems used to collect, convey, store and manage stormwater and wastewater.
Its product portfolio includes stormwater detention and infiltration systems, sanitary and septic sewer products, agricultural drainage systems, erosion and sediment control products, and water-quality solutions.
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