UBS Reaffirms Their Buy Rating on Advanced Drainage Systems (WMS)
In a report released today, John Lovallo from UBS maintained a Buy rating on Advanced Drainage Systems, with a price target of $197.00.
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Lovallo covers the Consumer Cyclical sector, focusing on stocks such as KB Home, Meritage, and NVR. According to TipRanks, Lovallo has an average return of 7.7% and a 53.53% success rate on recommended stocks.
Currently, the analyst consensus on Advanced Drainage Systems is a Strong Buy with an average price target of $178.67.
Based on Advanced Drainage Systems’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $850.38 million and a net profit of $156.02 million. In comparison, last year the company earned a revenue of $782.61 million and had a net profit of $130.38 million
Based on the recent corporate insider activity of 68 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WMS in relation to earlier this year. Last month, ROBERT M EVERSOLE, a Director at WMS sold 10,569.00 shares for a total of $1,615,154.58.
Read More on WMS:
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- Advanced Drainage price target raised to $197 from $183 at UBS
- Advanced Drainage price target raised to $181 from $176 at Barclays
- Advanced Drainage Systems Reports Strong Q2 Earnings
- Advanced Drainage price target raised to $168 from $158 at RBC Capital
- Advanced Drainage price target raised to $175 from $168 at Oppenheimer
