tiprankstipranks
TipRanksStock Market NewsWMS NewsAdvanced Drainage Systems (WMS) Receives a Buy from Robert W. Baird
Blurbs

Advanced Drainage Systems (WMS) Receives a Buy from Robert W. Baird

Robert W. Baird analyst Michael Halloran maintained a Buy rating on Advanced Drainage Systems (WMSResearch Report) yesterday and set a price target of $160.00. The company’s shares closed last Monday at $124.30.

According to TipRanks.com, Halloran is a 5-star analyst with an average return of 14.7% and a 64.3% success rate. Halloran covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Watts Water Technologies, and Altra Industrial Motion.

Advanced Drainage Systems has an analyst consensus of Moderate Buy, with a price target consensus of $143.67, representing a 17.1% upside. In a report issued on March 11, Morgan Stanley also maintained a Buy rating on the stock with a $145.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

Based on Advanced Drainage Systems’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $715 million and net profit of $73.68 million. In comparison, last year the company earned revenue of $486 million and had a net profit of $53.77 million.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Advanced Drainage Systems, Inc. engages in the manufacture of thermoplastic corrugated pipe which provides suite of water management products and drainage solutions for use in the construction and infrastructure marketplace. It operates through the Domestic and International segments. The Domestic segment focuses on the manufacture and sale of products throughout the United States. The International segment concerns the manufacture and sale of products in regions outside of the United States. The firm’s products include corrugated high density polyethylene pipe, polypropylene pipe and related water management products. The company was founded in 1966 and is headquartered in Hilliard, OH.

Read More on WMS:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More