Advanced Drainage Systems Gets a Buy Rating from Robert W. Baird

Robert W. Baird analyst Michael Halloran maintained a Buy rating on Advanced Drainage Systems (NYSE: WMS) today and set a price target of $32. The company’s shares closed yesterday at $28.55, close to its 52-week high of $29.

According to TipRanks.com, Halloran is a 4-star analyst with an average return of 12.7% and a 76.7% success rate. Halloran covers the Industrial Goods sector, focusing on stocks such as Gardner Denver Holdings Inc, Emerson Electric Company, and Watts Water Technologies.

Advanced Drainage Systems has an analyst consensus of Moderate Buy, with a price target consensus of $30.50.

See today’s analyst top recommended stocks >>

Based on Advanced Drainage Systems’ latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $5.71 million. In comparison, last year the company had a GAAP net loss of $18.6 million.

Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Advanced Drainage Systems, Inc. engages in the manufacture of thermoplastic corrugated pipe which provides suite of water management products and superior drainage solutions for use in the construction and infrastructure marketplace. It operates through the following segments: Domestic and International.