Deutsche Bank Aktiengesellschaft Initiates Coverage on Advanced Drainage Systems (NYSE:WMS)

Analysts at Deutsche Bank Aktiengesellschaft began coverage on shares of Advanced Drainage Systems (NYSE:WMS) in a note issued to investors on Tuesday,Briefing.com Automated Import reports. The brokerage set a “buy” rating and a $134.00 price target on the construction company’s stock. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 23.37% from the company’s current price.

A number of other analysts also recently weighed in on WMS. UBS Group upgraded shares of Advanced Drainage Systems from a “neutral” rating to a “buy” rating and set a $155.00 price target on the stock in a research report on Wednesday, January 8th. StockNews.com upgraded shares of Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, March 5th. Barclays reduced their target price on Advanced Drainage Systems from $160.00 to $149.00 and set an “overweight” rating on the stock in a report on Friday, February 7th. Stephens reissued an “equal weight” rating and set a $135.00 target price on shares of Advanced Drainage Systems in a research note on Friday, February 7th. Finally, Loop Capital reduced their target price on shares of Advanced Drainage Systems from $170.00 to $160.00 and set a “buy” rating for the company in a research note on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $160.89.

Advanced Drainage Systems Stock Up 0.4 %

WMS stock opened at $108.62 on Tuesday. The business’s 50-day simple moving average is $116.61 and its 200 day simple moving average is $129.92. The company has a quick ratio of 1.98, a current ratio of 3.21 and a debt-to-equity ratio of 0.93. The company has a market cap of $8.43 billion, a PE ratio of 18.16, a price-to-earnings-growth ratio of 1.13 and a beta of 1.61. Advanced Drainage Systems has a twelve month low of $101.90 and a twelve month high of $184.27.

Advanced Drainage Systems (NYSE:WMS) last issued its earnings results on Thursday, February 6th. The construction company reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.34 by ($0.25). Advanced Drainage Systems had a net margin of 15.90% and a return on equity of 35.79%. On average, research analysts anticipate that Advanced Drainage Systems will post 6.1 earnings per share for the current year.

Institutional Trading of Advanced Drainage Systems

Several institutional investors and hedge funds have recently bought and sold shares of WMS. UMB Bank n.a. boosted its position in Advanced Drainage Systems by 12.7% during the fourth quarter. UMB Bank n.a. now owns 781 shares of the construction company’s stock worth $90,000 after purchasing an additional 88 shares during the period. Blue Trust Inc. grew its stake in shares of Advanced Drainage Systems by 12.0% in the fourth quarter. Blue Trust Inc. now owns 1,005 shares of the construction company’s stock valued at $116,000 after acquiring an additional 108 shares in the last quarter. CIBC Asset Management Inc raised 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 purchasing an additional 119 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich grew its position in shares of 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 purchasing an additional 125 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its stake in Advanced Drainage Systems by 18.3% during the 4th quarter. First Horizon Advisors Inc. now owns 884 shares of the construction company’s stock worth $102,000 after acquiring an additional 137 shares during the period. Institutional investors own 89.83% of the company’s stock.

Advanced Drainage Systems Company Profile

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.