Oppenheimer Boosts Advanced Drainage Systems (NYSE:WMS) Price Target to $115.00

Advanced Drainage Systems (NYSE:WMS – Get Rating) had its price objective raised by stock analysts at Oppenheimer from $108.00 to $115.00 in a research note issued to investors on Friday, The Fly reports. Oppenheimer’s price objective would indicate a potential upside of 19.11% from the company’s previous close.

WMS has been the topic of a number of other research reports. Barclays boosted their price objective on shares of Advanced Drainage Systems from $113.00 to $119.00 in a report on Friday. Loop Capital cut their price objective on shares of Advanced Drainage Systems from $118.00 to $115.00 and set a “buy” rating on the stock in a report on Friday, March 24th. StockNews.com began coverage on shares of Advanced Drainage Systems in a report on Thursday. They issued a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Advanced Drainage Systems from $125.00 to $131.00 in a report on Friday. Finally, Morgan Stanley cut their target price on shares of Advanced Drainage Systems from $110.00 to $105.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 19th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $118.33.

Advanced Drainage Systems Stock Down 1.9 %

Shares of Advanced Drainage Systems stock opened at $96.55 on Friday. The company has a fifty day moving average price of $83.45 and a 200 day moving average price of $87.30. The company has a current ratio of 2.69, a quick ratio of 1.89 and a debt-to-equity ratio of 1.55. Advanced Drainage Systems has a twelve month low of $75.02 and a twelve month high of $153.36. The stock has a market cap of $7.84 billion, a price-to-earnings ratio of 15.91, a price-to-earnings-growth ratio of 1.06 and a beta of 1.38.

Advanced Drainage Systems (NYSE:WMS – Get Rating) last announced its quarterly earnings results on Thursday, May 18th. The construction company reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.38. Advanced Drainage Systems had a net margin of 16.51% and a return on equity of 52.49%. The firm had revenue of $617.60 million during the quarter, compared to analysts’ expectations of $567.10 million. During the same period in the prior year, the company earned $0.95 EPS. The firm’s revenue was down 8.9% on a year-over-year basis. Equities research analysts forecast that Advanced Drainage Systems will post 5.44 earnings per share for the current fiscal year.

Insider Activity at Advanced Drainage Systems

In related news, CAO Kevin C. Talley sold 22,006 shares of the business’s stock in a transaction dated Friday, March 3rd. The shares were sold at an average price of $89.67, for a total transaction of $1,973,278.02. Following the completion of the sale, the chief accounting officer now owns 40,019 shares of the company’s stock, valued at approximately $3,588,503.73. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 9.33% of the company’s stock.

Institutional Investors Weigh In On Advanced Drainage Systems

A number of institutional investors have recently modified their holdings of WMS. American Century Companies Inc. grew its position in shares of Advanced Drainage Systems by 11.6% during the 1st quarter. American Century Companies Inc. now owns 7,487 shares of the construction company’s stock valued at $890,000 after buying an additional 779 shares during the last quarter. Natixis Advisors L.P. bought a new position in Advanced Drainage Systems in the 1st quarter worth about $1,741,000. Healthcare of Ontario Pension Plan Trust Fund grew its position in Advanced Drainage Systems by 61.4% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 9,606 shares of the construction company’s stock worth $1,141,000 after purchasing an additional 3,653 shares during the last quarter. MetLife Investment Management LLC bought a new position in Advanced Drainage Systems in the 1st quarter worth about $472,000. Finally, Sei Investments Co. grew its position in Advanced Drainage Systems by 20.7% in the 1st quarter. Sei Investments Co. now owns 129,613 shares of the construction company’s stock worth $15,325,000 after purchasing an additional 22,202 shares during the last quarter. Institutional investors own 83.46% of the company’s stock.

Advanced Drainage Systems Company Profile

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Advanced Drainage Systems, Inc engages in the manufacture of thermoplastic corrugated pipe, which provides a suite of water management products and drainage solutions for use in the construction and infrastructure marketplace. It operates through the following segments: Pipe, Infiltrator, International, and Allied Products & Other.