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Barclays Sticks to Their Buy Rating for Advanced Drainage Systems (WMS)

Tipranks - Fri Jan 16, 4:00AM CST

In a report released today, Matthew Bouley from Barclays maintained a Buy rating on Advanced Drainage Systems, with a price target of $187.00.

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Bouley covers the Industrials sector, focusing on stocks such as Fortune Brands Innovations, Builders Firstsource, and Owens Corning. According to TipRanks, Bouley has an average return of 15.2% and a 63.27% success rate on recommended stocks.

In a report released on January 6, UBS also maintained a Buy rating on the stock with a $197.00 price target.

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.

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