Robert W. Baird Remains a Buy on Advanced Drainage Systems (WMS)


In a report released yesterday, Michael Halloran from Robert W. Baird reiterated a Buy rating on Advanced Drainage Systems (NYSE: WMS), with a price target of $35. The company’s shares closed yesterday at $30.35, close to its 52-week high of $31.

According to TipRanks.com, Halloran is a 5-star analyst with an average return of 12.8% and a 77.2% success rate. Halloran covers the Industrial Goods sector, focusing on stocks such as Gardner Denver Holdings Inc, Emerson Electric Company, and Watts Water Technologies.

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 June 30, the company reported a quarterly net profit of $29.55 million. In comparison, last year the company had a net profit of $16.29 million.

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.

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