KeyCorp Issues Pessimistic Forecast for Advanced Drainage Systems (NYSE:WMS) Stock Price

Advanced Drainage Systems (NYSE:WMS) had its price objective decreased by research analysts at KeyCorp from $180.00 to $135.00 in a report issued on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the construction company’s stock. KeyCorp’s price target points to a potential upside of 24.33% from the company’s current price.

WMS has been the subject of several other reports. StockNews.com downgraded Advanced Drainage Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, April 1st. Stephens reissued an “equal weight” rating and set a $135.00 target price on shares of Advanced Drainage Systems in a report on Friday, February 7th. Loop Capital reduced their target price on Advanced Drainage Systems from $170.00 to $160.00 and set a “buy” rating on the stock in a report on Friday, February 7th. Deutsche Bank Aktiengesellschaft assumed coverage on Advanced Drainage Systems in a research report on Tuesday, April 1st. They issued a “buy” rating and a $134.00 price objective for the company. Finally, UBS Group raised shares of Advanced Drainage Systems from a “neutral” rating to a “buy” rating and set a $155.00 target price on the stock in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $153.78.

Advanced Drainage Systems Price Performance

Shares of WMS stock opened at $108.58 on Tuesday. The company has a current ratio of 3.21, a quick ratio of 1.98 and a debt-to-equity ratio of 0.93. Advanced Drainage Systems has a 1 year low of $93.92 and a 1 year high of $184.27. The firm has a market capitalization of $8.42 billion, a price-to-earnings ratio of 18.16, a PEG ratio of 1.13 and a beta of 1.48. The firm’s 50 day moving average is $112.87 and its 200-day moving average is $127.26.

Advanced Drainage Systems (NYSE:WMS) last issued its quarterly earnings data on Thursday, February 6th. The construction company reported $1.09 EPS for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.25). Advanced Drainage Systems had a return on equity of 35.79% and a net margin of 15.90%. Sell-side analysts forecast that Advanced Drainage Systems will post 6.1 EPS for the current fiscal year.

Institutional Trading of Advanced Drainage Systems

Hedge funds have recently modified their holdings of the business. UMB Bank n.a. increased its position in shares of Advanced Drainage Systems by 12.7% during the 4th quarter. UMB Bank n.a. now owns 781 shares of the construction company’s stock valued at $90,000 after purchasing an additional 88 shares during the last quarter. Blue Trust Inc. raised its position in Advanced Drainage Systems by 12.0% in the 4th quarter. Blue Trust Inc. now owns 1,005 shares of the construction company’s stock worth $116,000 after purchasing an additional 108 shares during the period. CIBC Asset Management Inc grew its stake in Advanced Drainage Systems by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 2,390 shares of the construction company’s stock worth $276,000 after acquiring an additional 119 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich grew its holdings in Advanced Drainage Systems by 7.4% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,812 shares of the construction company’s stock worth $231,000 after acquiring an additional 125 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its holdings in Advanced Drainage Systems by 18.3% during the fourth quarter. First Horizon Advisors Inc. now owns 884 shares of the construction company’s stock valued at $102,000 after buying an additional 137 shares during the period. Institutional investors own 89.83% of the company’s stock.

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.