Advanced Drainage Systems Inc (NYSE:WMS) (Trend Analysis) shares were traded with no significant volume change. The stock closed last trading session at $21.65, up by 3.59%, with a volume of 363,594 shares against an average amount for the last three months of 316,094.
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Advanced Drainage Systems Inc (NYSE:WMS) stock is currently trading 31.85% below its 52-week-high, 22.18% above its 52-week-low. The 1-year stock price history is in the range of $17.72 – $31.77. Advanced Drainage Systems Inc (WMS) has a price to earnings ratio of 46.86 versus Consumer Goods sector average of 14.51. WMS stock price has underperformed the S&P 500 by 17%. The Steel Pipe & Tube company is currently valued at $1.18 billion, and its share price closed the last trading session at $21.65. The stock has a 50-day moving average of $21.74 and a 200-day moving average of $24.3.
Advanced Drainage Systems Inc (WMS) current short interest stands at 5.68 million shares. It has increased by 3% from the same period of last month. Around 27% of the company’s shares, which are float, are short sold. With a 10-days average volume of 0.26 million shares, the number of days required to cover the short positions stand at 21.8 days.
WMS is forecasted to report earnings per share of $0.32 and a revenue of $358.86 million for the 2nd Quarter of the fiscal year 2016. Advanced Drainage Systems Inc (WMS) declared last quarter earnings on October 06. The Steel Pipe & Tube company announced last quarter earnings per share of $0.39 against a consensus Street estimate of $0.25, beating the average estimate by $0.14. The company posted a revenue of $357.6 million compared to an estimation of $376.3 million.
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There are currently four analysts that cover Advanced Drainage Systems Inc stock. Of those four, one has a Buy rating, three have a Hold rating. On a consensus basis this yields to a Hold rating. The consensus target price stands at $27.75.
A recent analyst activity consisted of Deutsche Bank reiterating their Hold stance on June 8. Deutsche Bank increased their price target on WMS from $24 to $25. This corresponds to a 15.47% upside from the last closing price. On the date of report, the stock closed at $26.63.
From an income perspective, Advanced Drainage Systems Inc (WMS) has a dividend yield of 1.2%. The dividend has remained flat over the last 5 years and the payout ratio stands at the high level of 74.07%.
Advanced Drainage Systems, Inc. manufactures water drainage structures and supplies. The Company produces pipe fittings, subsurface storm water management surface drainage structures, leaching chambers, basins, channels, grates, and grease interceptors. Advanced Drainage Systems markets and sells its products worldwide.