Advanced Drainage Systems (NYSE:WMS) Given New $160.00 Price Target at Barclays

Key Points

• Barclays has raised the price target for Advanced Drainage Systems from $135.00 to $160.00, indicating a potential upside of 19.38% from the current stock price.
• Most analysts have a positive outlook on the stock, with an average rating of "Moderate Buy" and a consensus price target of $143.00.
• Advanced Drainage Systems reported earnings of $1.95 per share for the latest quarter, exceeding expectations and highlighting a net margin of 15.50%.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) had its price target upped by analysts at Barclays from $135.00 to $160.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an "overweight" rating on the construction company's stock. Barclays's target price points to a potential upside of 21.54% from the company's previous close.

Several other equities analysts also recently issued reports on WMS. Loop Capital reduced their price target on shares of Advanced Drainage Systems from $143.00 to $133.00 and set a "buy" rating for the company in a report on Friday, May 16th. Wall Street Zen downgraded shares of Advanced Drainage Systems from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Oppenheimer reduced their price target on shares of Advanced Drainage Systems from $165.00 to $160.00 and set an "outperform" rating for the company in a report on Friday, May 16th. Robert W. Baird reduced their price target on shares of Advanced Drainage Systems from $146.00 to $141.00 and set an "outperform" rating for the company in a report on Friday, May 16th. Finally, UBS Group reduced their price target on shares of Advanced Drainage Systems from $155.00 to $146.00 and set a "buy" rating for the company in a report on Friday, May 16th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $148.63.

Advanced Drainage Systems Stock Performance

WMS stock traded down $1.88 during trading on Friday, hitting $131.64. 1,002,467 shares of the company's stock traded hands, compared to its average volume of 719,529. The company has a quick ratio of 2.10, a current ratio of 3.22 and a debt-to-equity ratio of 0.82. Advanced Drainage Systems has a 52 week low of $93.92 and a 52 week high of $166.03. The stock has a fifty day moving average price of $116.38 and a two-hundred day moving average price of $114.37. The stock has a market capitalization of $10.22 billion, a price-to-earnings ratio of 23.76, a price-to-earnings-growth ratio of 1.91 and a beta of 1.27.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last released its earnings results on Thursday, August 7th. The construction company reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.17. Advanced Drainage Systems had a net margin of 14.82% and a return on equity of 29.57%. The firm had revenue of $829.88 million during the quarter, compared to analyst estimates of $800.54 million. During the same quarter in the previous year, the firm earned $2.06 earnings per share. The firm's revenue for the quarter was up 1.8% compared to the same quarter last year. As a group, equities analysts anticipate that Advanced Drainage Systems will post 6.1 EPS for the current fiscal year.

Institutional Investors Weigh In On Advanced Drainage Systems

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Advanced Drainage Systems by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 7,537,094 shares of the construction company's stock valued at $818,905,000 after acquiring an additional 204,826 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Advanced Drainage Systems by 50.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,114,224 shares of the construction company's stock valued at $338,360,000 after acquiring an additional 1,049,697 shares during the last quarter. Impax Asset Management Group plc lifted its holdings in Advanced Drainage Systems by 4.8% in the 2nd quarter. Impax Asset Management Group plc now owns 3,043,909 shares of the construction company's stock valued at $348,709,000 after acquiring an additional 139,495 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Advanced Drainage Systems by 63.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,064,527 shares of the construction company's stock valued at $238,659,000 after acquiring an additional 799,569 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in Advanced Drainage Systems by 2.7% in the 1st quarter. Invesco Ltd. now owns 1,734,537 shares of the construction company's stock valued at $188,457,000 after acquiring an additional 45,993 shares during the last quarter. 89.83% of the stock is owned by institutional investors and hedge funds.

About Advanced Drainage Systems

Advanced Drainage Systems, Inc designs, manufactures, and markets thermoplastic corrugated pipes and related water management products in North America and internationally. The company operates through Pipe, International, Infiltrator, and Allied Products & Other segments. It offers single, double, and triple wall corrugated polypropylene and polyethylene pipes; plastic leachfield chambers and systems; EZflow synthetic aggregate bundles; wastewater purification through mechanical aeration wastewater for residential and commercial systems; septic tanks and accessories; combined treatment and dispersal systems, including advanced enviro-septic and advanced treatment leachfield systems; and allied products, including storm retention/detention and septic chambers, polyvinyl chloride drainage structures, fittings, and water quality filters and separators.