Boenning & Scattergood analyst Ryan Connors maintained a Hold rating on Advanced Drainage Systems (NYSE: WMS) today. The company’s shares opened today at $29.50, close to its 52-week high of $31.
According to TipRanks.com, Connors is a 4-star analyst with an average return of 12.6% and a 78.0% success rate. Connors covers the Industrial Goods sector, focusing on stocks such as Watts Water Technologies, Mueller Water Products, and Franklin Electric Co.
Currently, the analyst consensus on Advanced Drainage Systems is a Moderate Buy with an average price target of $30.50.
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Advanced Drainage Systems’ market cap is currently $1.6B and has a P/E ratio of 29.18. The company has a Price to Book ratio of 5.20.
Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is negative on the stock.
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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.
