Morgan Stanley (NYSE:MS) analyst Joshua Pokrzywinski maintained a Hold rating on Advanced Drainage Systems (NYSE:WMS) on Monday, setting a price target of $112, which is approximately 0.30% above the present share price of $111.66.
Pokrzywinski expects Advanced Drainage Systems to post earnings per share (EPS) of $0.63 for the second quarter of 2021.
The current consensus among 4 TipRanks analysts is for a Strong Buy rating of shares in Advanced Drainage Systems, with an average price target of $118.5.
The analysts price targets range from a high of $127 to a low of $112.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $486.15 million and a net profit of $83.94 million. The company's market cap is $7.91 billion.
According to TipRanks.com, Morgan Stanley analyst Joshua Pokrzywinski is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 11.2% and a 62.15% success rate.
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.