Boenning & Scattergood analyst Ryan Connors maintained a Hold rating on Advanced Drainage Systems (WMS) today. The company’s shares closed yesterday at $27.53.
According to TipRanks.com, Connors is a 4-star analyst with an average return of 8.4% and a 70.3% success rate. Connors covers the Industrial Goods sector, focusing on stocks such as Watts Water Technologies, Mueller Water Products, and Franklin Electric Co.
Advanced Drainage Systems has an analyst consensus of Moderate Buy, with a price target consensus of $32, a 16.2% upside from current levels. In a report issued on November 12, Citigroup also maintained a Hold rating on the stock with a $30 price target.
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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 49 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.
