Advanced Drainage Systems Inc. (NYSE:WMS) had its price objective reduced by equities researchers at Royal Bank Of Canada from $29.00 to $26.00 in a research report issued to clients and investors on Friday. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective indicates a potential upside of 20.48% from the stock’s current price.
Other equities research analysts have also recently issued research reports about the company. Zacks Investment Research cut Advanced Drainage Systems from a “hold” rating to a “sell” rating in a research note on Thursday, August 11th. Boenning Scattergood cut Advanced Drainage Systems from an “outperform” rating to a “neutral” rating in a research note on Thursday, August 11th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $28.33.
Advanced Drainage Systems (NYSE:WMS) opened at 21.58 on Friday. Advanced Drainage Systems has a 52-week low of $17.72 and a 52-week high of $32.50. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 79.93 and a beta of 0.85. The stock has a 50 day moving average of $23.75 and a 200-day moving average of $24.62.
Advanced Drainage Systems (NYSE:WMS) last announced its quarterly earnings data on Thursday, October 6th. The company reported $0.37 earnings per share (EPS) for the quarter. Advanced Drainage Systems had a return on equity of 120.26% and a net margin of 1.60%. The company had revenue of $358 million for the quarter. On average, analysts forecast that Advanced Drainage Systems will post $1.09 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend was Tuesday, August 30th.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Teacher Retirement System of Texas boosted its position in Advanced Drainage Systems by 32.2% in the second quarter. Teacher Retirement System of Texas now owns 5,636 shares of the company’s stock valued at $154,000 after buying an additional 1,372 shares during the last quarter. Legal & General Group Plc boosted its position in Advanced Drainage Systems by 0.3% in the first quarter. Legal & General Group Plc now owns 9,099 shares of the company’s stock valued at $187,000 after buying an additional 23 shares during the last quarter. Pitcairn Co. purchased a new position in Advanced Drainage Systems during the second quarter valued at $224,000. Springbok Capital Management LLC purchased a new position in Advanced Drainage Systems during the first quarter valued at $245,000. Finally, Fox Run Management L.L.C. purchased a new position in Advanced Drainage Systems during the first quarter valued at $260,000. Hedge funds and other institutional investors own 70.62% of the company’s stock.
Advanced Drainage Systems Company Profile