Analysts Offer Insights on Consumer Goods Companies: Advanced Drainage Systems (NYSE: WMS) and IMPINJ Inc (NASDAQ: PI)

By Jason Carr

Companies in the Consumer Goods sector have received a lot of coverage today as analysts weigh in on Advanced Drainage Systems (NYSE: WMS) and IMPINJ Inc (NASDAQ: PI).

Advanced Drainage Systems (NYSE: WMS)

RBC Capital analyst Robert Wetenhall reiterated a Hold rating on Advanced Drainage Systems (NYSE: WMS) today and set a price target of $24. The company’s shares opened today at $21.

According to TipRanks.com, Wetenhall is a top 25 analyst with an average return of 13.1% and a 78.7% success rate. Wetenhall covers the Industrial Goods sector, focusing on stocks such as Continental Building Products, Installed Building Products, and Masonite International.

Currently, the analyst consensus on Advanced Drainage Systems is Hold and the average price target is $24, representing a 14.3% upside.

In a report released yesterday, Boenning & Scattergood also reiterated a Hold rating on the stock.
IMPINJ Inc (NASDAQ: PI)

In a report released yesterday, Mitch Steves from RBC Capital reiterated a Buy rating on IMPINJ Inc (NASDAQ: PI), with a price target of $50. The company’s shares opened today at $46.01, close to its 52-week high of $47.86.

According to TipRanks.com, Steves is a top 100 analyst with an average return of 28.6% and a 85.9% success rate. Steves covers the Technology sector, focusing on stocks such as Benchmark Electronics, Juniper Networks, and Sanmina-Sci Corp.

IMPINJ Inc has an analyst consensus of Strong Buy, with a price target consensus of $42.67.

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