Stephens analyst Trey Grooms downgrades $Advanced Drainage (WMS.US)$ to a hold rating, and adjusts the target price from $193 to $135.
According to TipRanks data, the analyst has a success rate of 59.3% and a total average return of 14.2% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Advanced Drainage (WMS.US)$'s main analysts recently are as follows:
The company has revised its guidance downward due to a combination of factors including non-residential sector challenges, weather-related issues, and rising input costs.
The surprise in Advanced Drainage's Q2 earnings miss and guidance reduction was notable, considering the quarter was expected to trend more consistently despite an unstable non-residential environment. Although sales were impacted by storm effects and unfavorable price/cost dynamics, the period was marked by robust infrastructure and residential sales.
The firm observed that shares dropped 14.3% following the company's failure to meet Q2 expectations and subsequent reduction in FY25 forecasts, which accounts for ongoing volatility in non-residential demand, project delays due to hurricanes, and persistent challenges with pricing and costs. In light of performance in the first half of the year and recent business trends, the company has adjusted its FY25 sales projections. Despite the disappointment stemming from the missed targets and lowered guidance, the analyst considers the prospects for the second half of the year to be relatively secure and suggests that the market's reaction may have been excessively severe, presenting a favorable buying opportunity for a unique water infrastructure asset.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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Stephens分析师Trey Grooms下调$Advanced Drainage (WMS.US)$至持有评级，并将目标价从193美元下调至135美元。
根据TipRanks数据显示，该分析师近一年总胜率为59.3%，总平均回报率为14.2%。
此外，综合报道，$Advanced Drainage (WMS.US)$近期主要分析师观点如下：
由于包括非住宅板块挑战、天气相关问题和上升的投入成本等多种因素，该公司修订了其财务预期，向下调整。
考虑到尽管非住宅环境不稳定，但这一季度预计将更加一致，advanced drainage在Q2财报亏损和指导下调方面的意外表现引人注目。尽管销售受到风暴影响和不利的价格/成本动态的影响，但这一时期的基础设施和住宅销售都很强劲。
该公司观察到，随着公司未能达到Q2预期和随后的FY25预测下调，股票下跌了14.3%。这考虑到非住宅需求的持续波动、因飓风导致的项目延误以及在定价和成本方面的持续挑战。鉴于上半年表现和近期业务趋势，该公司已调整其FY25销售预期。尽管因未达到目标和下调指导而感到失望，分析师认为下半年前景相对安全，并暗示市场的反应可能过于严厉，为独特的水资源基础设施资产提供了良好的购买机会。
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