News headlines about Advanced Drainage Systems (NYSE:WMS) have been trending somewhat positive on Thursday, Accern Sentiment reports. The research group rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Advanced Drainage Systems earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave news articles about the construction company an impact score of 45.8532976528844 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Several research analysts have weighed in on the company. Zacks Investment Research raised Advanced Drainage Systems from a “sell” rating to a “hold” rating and set a $30.00 target price on the stock in a research report on Wednesday, February 14th. Citigroup assumed coverage on Advanced Drainage Systems in a research report on Wednesday, November 29th. They issued a “neutral” rating and a $26.00 target price on the stock. Robert W. Baird upped their target price on Advanced Drainage Systems from $28.00 to $29.00 and gave the stock an “outperform” rating in a research report on Friday, February 9th. TheStreet raised Advanced Drainage Systems from a “c+” rating to a “b-” rating in a research report on Tuesday, February 13th. Finally, Barclays set a $25.00 target price on Advanced Drainage Systems and gave the stock a “hold” rating in a research report on Monday, February 12th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $27.00.
Shares of Advanced Drainage Systems stock opened at $26.80 on Thursday. The stock has a market capitalization of $1,507.81, a PE ratio of 36.22 and a beta of 0.91. Advanced Drainage Systems has a 52 week low of $17.90 and a 52 week high of $28.15. The company has a debt-to-equity ratio of 2.44, a quick ratio of 1.01 and a current ratio of 2.10.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st were paid a dividend of $0.07 per share. The ex-dividend date was Wednesday, February 28th. This represents a $0.28 annualized dividend and a dividend yield of 1.04%. Advanced Drainage Systems’s dividend payout ratio (DPR) is presently 37.84%.
In related news, COO Thomas M. Fussner sold 20,000 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $26.63, for a total transaction of $532,600.00. Following the completion of the sale, the chief operating officer now owns 560,640 shares in the company, valued at approximately $14,929,843.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Ewout Leeuwenburg sold 35,000 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $26.20, for a total value of $917,000.00. Following the sale, the senior vice president now owns 97,415 shares of the company’s stock, valued at approximately $2,552,273. The disclosure for this sale can be found here. In the last quarter, insiders have sold 133,048 shares of company stock valued at $3,560,679. 21.43% of the stock is currently owned by corporate insiders.
TRADEMARK VIOLATION NOTICE: This article was first reported by BBNS and is the property of of BBNS. If you are reading this article on another domain, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The correct version of this article can be read at https://baseballnewssource.com/2018/03/22/advanced-drainage-systems-wms-earning-somewhat-positive-press-coverage-analysis-shows/1972670.html.
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.
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.