Advanced Drainage Systems (NYSE:WMS) PT Raised to $35.00 at Barclays

Advanced Drainage Systems (NYSE:WMS) had its price target increased by Barclays from $29.00 to $35.00 in a report published on Tuesday, BenzingaRatingsTable reports. Barclays currently has an equal weight rating on the construction company’s stock.

Several other brokerages have also issued reports on WMS. TheStreet lowered shares of Advanced Drainage Systems from a b rating to a c rating in a research note on Friday, August 2nd. ValuEngine downgraded shares of Advanced Drainage Systems from a buy rating to a hold rating in a report on Thursday, August 1st. Finally, Zacks Investment Research downgraded shares of Advanced Drainage Systems from a strong-buy rating to a hold rating and set a $37.00 price target for the company. in a report on Sunday, July 14th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Advanced Drainage Systems has a consensus rating of Hold and a consensus price target of $33.25.

Shares of WMS stock opened at $33.36 on Tuesday. The business’s 50 day moving average is $32.81. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.03 and a current ratio of 1.97. Advanced Drainage Systems has a 12-month low of $23.04 and a 12-month high of $35.29. The stock has a market cap of $1.93 billion, a price-to-earnings ratio of 32.47 and a beta of 0.95.

Advanced Drainage Systems (NYSE:WMS) last issued its quarterly earnings results on Thursday, August 1st. The construction company reported $0.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.29). Advanced Drainage Systems had a positive return on equity of 34.94% and a negative net margin of 12.86%. The company had revenue of $413.70 million for the quarter, compared to analysts’ expectations of $413.64 million. During the same quarter in the previous year, the business earned $0.51 EPS. The company’s revenue for the quarter was up 6.7% on a year-over-year basis. Equities research analysts anticipate that Advanced Drainage Systems will post -3.12 earnings per share for the current fiscal year.

A number of large investors have recently made changes to their positions in WMS. Norges Bank bought a new position in Advanced Drainage Systems in the 4th quarter valued at $24,393,000. Beck Mack & Oliver LLC bought a new position in Advanced Drainage Systems in the 1st quarter valued at $18,823,000. Marshall Wace LLP boosted its holdings in Advanced Drainage Systems by 1,497.6% in the 1st quarter. Marshall Wace LLP now owns 705,918 shares of the construction company’s stock valued at $18,191,000 after purchasing an additional 661,733 shares during the period. Martingale Asset Management L P boosted its holdings in Advanced Drainage Systems by 198.1% in the 1st quarter. Martingale Asset Management L P now owns 174,721 shares of the construction company’s stock valued at $4,503,000 after purchasing an additional 116,114 shares during the period. Finally, SG Americas Securities LLC bought a new position in Advanced Drainage Systems in the 1st quarter valued at $2,735,000. 78.51% of the stock is owned by hedge funds and other institutional investors.

Advanced Drainage Systems Company Profile

Advanced Drainage Systems, Inc designs, manufactures, and markets thermoplastic corrugated pipes and related water management products in the United States and internationally. The company offers single, double, and triple wall corrugated polypropylene and polyethylene pipes; and allied products, including storm retention/detention and septic chambers, polyvinyl chloride drainage structures, fittings, and water quality filters and separators.

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