Evoqua Water Technologies Corp. (NYSE:AQUA – Get Rating) has received an average rating of “Moderate Buy” from the seven ratings firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $47.50.
A number of research firms have recently commented on AQUA. Oppenheimer lowered shares of Evoqua Water Technologies from an “outperform” rating to a “market perform” rating and set a $45.00 price target on the stock. in a research report on Wednesday, November 16th. Stifel Nicolaus boosted their target price on shares of Evoqua Water Technologies from $43.00 to $50.00 in a research report on Wednesday, November 16th. The Goldman Sachs Group boosted their target price on shares of Evoqua Water Technologies from $44.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, November 16th. Citigroup boosted their target price on shares of Evoqua Water Technologies from $37.00 to $45.00 in a research report on Wednesday, November 16th. Finally, Royal Bank of Canada boosted their target price on shares of Evoqua Water Technologies from $44.00 to $51.00 in a research report on Wednesday, November 16th.
Evoqua Water Technologies Price Performance
Shares of AQUA opened at $39.72 on Tuesday. The firm has a market cap of $4.84 billion, a PE ratio of 68.48, a PEG ratio of 3.31 and a beta of 1.72. The firm’s 50 day moving average price is $41.16 and its 200 day moving average price is $37.69. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.24 and a current ratio of 1.72. Evoqua Water Technologies has a twelve month low of $30.44 and a twelve month high of $48.05.
Evoqua Water Technologies (NYSE:AQUA – Get Rating) last issued its quarterly earnings data on Tuesday, November 15th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.13. The firm had revenue of $504.76 million for the quarter, compared to analyst estimates of $463.90 million. Evoqua Water Technologies had a net margin of 4.16% and a return on equity of 16.40%. As a group, research analysts expect that Evoqua Water Technologies will post 0.81 EPS for the current fiscal year.
Institutional Investors Weigh In On Evoqua Water Technologies
Several institutional investors and hedge funds have recently made changes to their positions in AQUA. US Bancorp DE lifted its position in Evoqua Water Technologies by 3.1% during the 2nd quarter. US Bancorp DE now owns 11,132 shares of the company’s stock worth $362,000 after buying an additional 337 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in Evoqua Water Technologies by 9.2% during the 2nd quarter. Nisa Investment Advisors LLC now owns 4,260 shares of the company’s stock worth $138,000 after buying an additional 360 shares in the last quarter. IHT Wealth Management LLC lifted its position in Evoqua Water Technologies by 1.5% during the 3rd quarter. IHT Wealth Management LLC now owns 24,540 shares of the company’s stock worth $812,000 after buying an additional 363 shares in the last quarter. Amalgamated Bank lifted its position in Evoqua Water Technologies by 2.2% during the 3rd quarter. Amalgamated Bank now owns 19,036 shares of the company’s stock worth $630,000 after buying an additional 402 shares in the last quarter. Finally, Gamco Investors INC. ET AL lifted its position in Evoqua Water Technologies by 2.3% during the 1st quarter. Gamco Investors INC. ET AL now owns 20,740 shares of the company’s stock worth $974,000 after buying an additional 468 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.
Evoqua Water Technologies Company Profile
Evoqua Water Technologies Corp. provides water and wastewater treatment systems and technologies, and mobile and emergency water supply solutions and contract services for industrial, commercial, and municipal water treatment markets in the United States and internationally. It operates through two segments, Integrated Solutions and Services, and Applied Product Technologies.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Evoqua Water Technologies, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Evoqua Water Technologies wasn’t on the list.
While Evoqua Water Technologies currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
Source: news.google.com
