Barclays Analysts Give Advanced Drainage Systems (WMS) a $25.00 Price Target

Advanced Drainage Systems (NYSE:WMS) has been assigned a $25.00 target price by Barclays in a report released on Monday. The firm currently has a “hold” rating on the construction company’s stock. Barclays’ target price suggests a potential downside of 7.06% from the company’s previous close.

WMS has been the topic of several other research reports. ValuEngine raised shares of Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Citigroup began coverage on shares of Advanced Drainage Systems in a research note on Wednesday, November 29th. They issued a “neutral” rating and a $26.00 price objective for the company. TheStreet lowered shares of Advanced Drainage Systems from a “b-” rating to a “c+” rating in a research note on Wednesday, October 25th. Finally, Robert W. Baird increased their price objective on shares of Advanced Drainage Systems from $28.00 to $29.00 and gave the company an “outperform” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. Advanced Drainage Systems presently has a consensus rating of “Hold” and a consensus target price of $25.40.

Advanced Drainage Systems (NYSE WMS) traded up $1.90 during mid-day trading on Monday, hitting $26.90. 372,004 shares of the stock were exchanged, compared to its average volume of 232,777. Advanced Drainage Systems has a one year low of $17.90 and a one year high of $27.05. The company has a market cap of $1,406.54, a PE ratio of 36.45 and a beta of 1.00. The company has a quick ratio of 1.32, a current ratio of 2.26 and a debt-to-equity ratio of 4.47.

Advanced Drainage Systems (NYSE:WMS) last announced its quarterly earnings results on Thursday, February 8th. The construction company reported $0.47 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.27. Advanced Drainage Systems had a net margin of 3.67% and a return on equity of 56.36%. The business had revenue of $320.83 million for the quarter, compared to analysts’ expectations of $320.41 million. During the same quarter last year, the firm earned $0.16 EPS. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. research analysts forecast that Advanced Drainage Systems will post 0.53 EPS for the current year.

In other news, COO Ronald R. Vitarelli sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $23.04, for a total transaction of $115,200.00. Following the completion of the sale, the chief operating officer now owns 54,698 shares in the company, valued at approximately $1,260,241.92. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Thomas M. Fussner sold 18,325 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $23.67, for a total transaction of $433,752.75. Following the sale, the chief operating officer now owns 549,519 shares of the company’s stock, valued at approximately $13,007,114.73. The disclosure for this sale can be found here. Company insiders own 21.43% of the company’s stock.

Hedge funds have recently modified their holdings of the company. UBS Asset Management Americas Inc. purchased a new stake in shares of Advanced Drainage Systems during the 4th quarter worth approximately $221,000. FMR LLC bought a new position in Advanced Drainage Systems in the 2nd quarter valued at $245,000. Valeo Financial Advisors LLC bought a new position in Advanced Drainage Systems in the 4th quarter valued at $298,000. Jane Street Group LLC bought a new position in Advanced Drainage Systems in the 3rd quarter valued at $264,000. Finally, Teacher Retirement System of Texas bought a new position in Advanced Drainage Systems in the 4th quarter valued at $318,000. Institutional investors own 81.88% of the company’s stock.

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About Advanced Drainage Systems

Advanced Drainage Systems, Inc is engaged in designing, manufacturing and marketing of thermoplastic corrugated pipe and related water management products, primarily in North and South America, and Europe. The Company operates through two segments: Domestic and International. The Domestic segment manufactures and markets products throughout the United States.

Analyst Recommendations for Advanced Drainage Systems (NYSE:WMS)

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