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

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.

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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.

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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.

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