Robert W. Baird analyst Michael Halloran maintained a Buy rating on Advanced Drainage Systems (WMS) today and set a price target of $34. The company’s shares opened today at $27.68.
According to TipRanks.com, Halloran is a 4-star analyst with an average return of 6.2% and a 60.4% success rate. Halloran covers the Industrial Goods sector, focusing on stocks such as Gardner Denver Holdings Inc, Emerson Electric Company, and Franklin Electric Co.
Currently, the analyst consensus on Advanced Drainage Systems is a Moderate Buy with an average price target of $32.
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Based on Advanced Drainage Systems’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $26.35 million. In comparison, last year the company had a net profit of $16.45 million.
Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is neutral 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.
