Robert W. Baird Maintains Their Buy Rating on Advanced Drainage Systems (WMS)

In a report issued on March 31, Michael Halloran from Robert W. Baird maintained a Buy rating on Advanced Drainage Systems (WMSResearch Report), with a price target of $158.00. The company’s shares closed last Friday at $120.07.

According to TipRanks.com, Halloran is a 5-star analyst with an average return of 13.8% and a 61.5% 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 $143.00.

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Advanced Drainage Systems’ market cap is currently $8.64B and has a P/E ratio of 42.38.

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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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