The Advanced Drainage Systems Inc. (WMS) Upgraded to “Buy” at TheStreet

The Advanced Drainage Systems Inc. (WMS) Upgraded to “Buy” at TheStreet

Advanced Drainage Systems Inc. (NYSE:WMS) was upgraded by equities research analysts at TheStreet from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday.

Several other equities research analysts also recently weighed in on the stock. Royal Bank Of Canada cut their target price on shares of Advanced Drainage Systems from $29.00 to $26.00 and set an “outperform” rating on the stock in a research note on Friday. Zacks Investment Research downgraded shares of Advanced Drainage Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, September 20th. Boenning Scattergood downgraded shares of Advanced Drainage Systems from an “outperform” rating to a “neutral” rating in a research note on Thursday, August 11th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $25.00 target price (up from $24.00) on shares of Advanced Drainage Systems in a research note on Wednesday, June 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. Advanced Drainage Systems currently has a consensus rating of “Hold” and an average price target of $28.33.

Advanced Drainage Systems (NYSE:WMS) traded up 2.69% during midday trading on Thursday, hitting $22.16. 964,270 shares of the stock traded hands. The company has a 50-day moving average price of $23.67 and a 200 day moving average price of $24.62. Advanced Drainage Systems has a one year low of $17.72 and a one year high of $32.40. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 82.07 and a beta of 0.85.

10/07/advanced-drainage-systems-inc-wms-upgraded-to-buy-at-thestreet.html

Advanced Drainage Systems (NYSE:WMS) last announced its earnings results on Thursday, October 6th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.13. Advanced Drainage Systems had a net margin of 1.60% and a return on equity of 120.26%. The firm had revenue of $358 million for the quarter. Equities research analysts anticipate that Advanced Drainage Systems will post $1.09 earnings per share 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 $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date was Tuesday, August 30th.

Large investors have recently made changes to their positions in the stock. Norges Bank purchased a new stake in shares of Advanced Drainage Systems during the fourth quarter worth approximately $7,845,000. BlackRock Inc. boosted its position in shares of Advanced Drainage Systems by 11.3% in the first quarter. BlackRock Inc. now owns 14,542 shares of the company’s stock valued at $309,000 after buying an additional 1,477 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in shares of Advanced Drainage Systems by 1.2% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 846,687 shares of the company’s stock valued at $18,034,000 after buying an additional 10,427 shares during the last quarter. Credit Agricole S A boosted its position in shares of Advanced Drainage Systems by 721.3% in the first quarter. Credit Agricole S A now owns 155,000 shares of the company’s stock valued at $3,301,000 after buying an additional 136,128 shares during the last quarter. Finally, Zelman Capital LLC boosted its position in shares of Advanced Drainage Systems by 3.0% in the first quarter. Zelman Capital LLC now owns 332,927 shares of the company’s stock valued at $7,091,000 after buying an additional 9,748 shares during the last quarter. 70.62% of the stock is currently owned by institutional investors.

Advanced Drainage Systems Company Profile

Related posts

Leave a Comment