Advanced Drainage Systems, Inc. (NYSE:WMS) Receives $190.29 Consensus Price Target from Analysts

Advanced Drainage Systems, Inc. (NYSE:WMS) has been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $199.8333.

Several research analysts have weighed in on WMS shares. Weiss Ratings reissued a “hold (c)” rating on shares of Advanced Drainage Systems in a report on Monday, April 20th. UBS Group set a $215.00 target price on Advanced Drainage Systems and gave the company a “buy” rating in a research report on Friday, February 6th. KeyCorp increased their target price on Advanced Drainage Systems from $180.00 to $198.00 and gave the stock an “overweight” rating in a research note on Friday, February 6th. Royal Bank Of Canada boosted their price target on Advanced Drainage Systems from $176.00 to $205.00 and gave the company an “outperform” rating in a research note on Friday, February 6th. Finally, Robert W. Baird set a $205.00 price objective on Advanced Drainage Systems in a report on Friday, February 6th.

Advanced Drainage Systems Stock Performance

Shares of WMS traded down $4.43 during trading hours on Friday, hitting $135.66. The company had a trading volume of 789,787 shares, compared to its average volume of 864,746. The business has a fifty day moving average of $143.63 and a 200-day moving average of $150.28. The company has a quick ratio of 3.08, a current ratio of 4.12 and a debt-to-equity ratio of 0.72. The firm has a market cap of $10.57 billion, a price-to-earnings ratio of 22.57, a PEG ratio of 1.47 and a beta of 1.33. Advanced Drainage Systems has a 12 month low of $105.14 and a 12 month high of $179.32.

Hedge Funds Weigh In On Advanced Drainage Systems

A number of hedge funds have recently bought and sold shares of WMS. Northwestern Mutual Wealth Management Co. grew its position in shares of Advanced Drainage Systems by 352.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 226 shares of the construction company’s stock worth $26,000 after purchasing an additional 176 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Advanced Drainage Systems in the third quarter valued at approximately $33,000. SJS Investment Consulting Inc. boosted its stake in shares of Advanced Drainage Systems by 78.1% in the first quarter. SJS Investment Consulting Inc. now owns 244 shares of the construction company’s stock valued at $33,000 after buying an additional 107 shares during the period. Cullen Frost Bankers Inc. boosted its stake in shares of Advanced Drainage Systems by 1,242.1% in the third quarter. Cullen Frost Bankers Inc. now owns 255 shares of the construction company’s stock valued at $35,000 after buying an additional 236 shares during the period. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Advanced Drainage Systems in the 3rd quarter valued at $36,000. 89.83% of the stock is owned by institutional investors.

About Advanced Drainage Systems

Advanced Drainage Systems, Inc (NYSE: WMS) is a leading manufacturer and supplier of water management solutions in North America. Headquartered in Hilliard, Ohio, the company specializes in the design, production and distribution of high-density polyethylene (HDPE) drainage pipe and related products. Its core business addresses stormwater management, on-site septic systems and erosion control for residential, commercial and infrastructure projects.

The company’s product portfolio includes corrugated plastic pipe, tubing, fittings, geocells, geogrids and stormwater structures such as inlets, manholes and detention/retention systems.