Analysts Set Advanced Drainage Systems Inc (WMS) Price Target at $27.50

Advanced Drainage Systems Inc (NYSE:WMS) has been given a consensus recommendation of “Hold” by the nine research firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $27.50.

WMS has been the topic of several recent research reports. TheStreet upgraded shares of Advanced Drainage Systems from a “c+” rating to a “b-” rating in a research note on Tuesday, February 13th. Barclays initiated coverage on shares of Advanced Drainage Systems in a research note on Wednesday, December 20th. They issued an “equal weight” rating and a $24.00 price objective on the stock. Zacks Investment Research upgraded shares of Advanced Drainage Systems from a “sell” rating to a “hold” rating and set a $30.00 price objective on the stock in a research note on Wednesday, February 14th. ValuEngine upgraded shares of Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Finally, Citigroup initiated coverage on shares of Advanced Drainage Systems in a research note on Wednesday, November 29th. They set a “neutral” rating and a $26.00 target price on the stock.

Advanced Drainage Systems (NYSE WMS) opened at $27.00 on Friday. Advanced Drainage Systems has a one year low of $17.90 and a one year high of $28.15. The company has a quick ratio of 1.01, a current ratio of 2.10 and a debt-to-equity ratio of 2.44. The firm has a market cap of $1,519.06, a P/E ratio of 50.94 and a beta of 1.00.

Advanced Drainage Systems (NYSE:WMS) last issued its quarterly earnings data on Thursday, February 8th. The construction company reported $0.47 earnings per share for the quarter, topping 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 45.42%. The firm had revenue of $320.83 million for the quarter, compared to analysts’ expectations of $320.41 million. During the same quarter in the prior year, the business earned $0.16 EPS. The business’s quarterly revenue was up 8.9% on a year-over-year basis. research analysts expect that Advanced Drainage Systems will post 0.6 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date is Wednesday, February 28th. Advanced Drainage Systems’s payout ratio is 37.84%.

In other news, COO Thomas M. Fussner sold 20,000 shares of Advanced Drainage Systems stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $26.63, for a total transaction of $532,600.00. Following the sale, the chief operating officer now owns 560,640 shares in the company, valued at $14,929,843.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, COO Thomas M. Fussner sold 18,325 shares of Advanced Drainage Systems stock in a transaction that occurred on Tuesday, December 5th. The shares were 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 in the company, valued at approximately $13,007,114.73. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 43,325 shares of company stock worth $1,081,553. 21.43% of the stock is owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in WMS. Koch Industries Inc. bought a new stake in shares of Advanced Drainage Systems during the fourth quarter valued at approximately $217,000. UBS Asset Management Americas Inc. bought a new stake in shares of Advanced Drainage Systems during the fourth quarter valued at approximately $221,000. FMR LLC bought a new stake in shares of Advanced Drainage Systems during the second quarter valued at approximately $245,000. Jane Street Group LLC bought a new stake in shares of Advanced Drainage Systems during the third quarter valued at approximately $264,000. Finally, Valeo Financial Advisors LLC bought a new stake in shares of Advanced Drainage Systems during the fourth quarter valued at approximately $298,000. Hedge funds and other institutional investors own 81.25% 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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