In a report released today, Ryan Connors from Boenning & Scattergood maintained a Hold rating on Advanced Drainage Systems (WMS). The company’s shares closed yesterday at $25.95.
According to TipRanks.com, Connors is a 4-star analyst with an average return of 6.8% and a 64.6% success rate. Connors covers the Industrial Goods sector, focusing on stocks such as Mueller Water Products, Mueller Industries, and AO Smith Corp.
Advanced Drainage Systems has an analyst consensus of Hold, with a price target consensus of $29.25.
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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 $29.33 million.
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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.
