Advanced Drainage Systems Gets a Hold Rating from Boenning & Scattergood

By Ryan Adsit

Boenning & Scattergood analyst Ryan Connors reiterated a Hold rating on Advanced Drainage Systems (NYSE: WMS) today. The company’s shares opened today at $21.55.

According to TipRanks.com, Connors is a 4-star analyst with an average return of 16.4% and a 94.4% success rate. Connors covers the Industrial Goods sector, focusing on stocks such as Layne Christensen Company, Watts Water Technologies, and Mueller Water Products.

Advanced Drainage Systems has an analyst consensus of Hold, with a price target consensus of $25.

Advanced Drainage Systems’ market cap is currently $1.19B and has a P/E ratio of 35.66. The company has a book value ratio of 5.0589.

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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 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. Its 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.