ValuEngine lowered shares of AquaVenture (NYSE:WAAS) from a strong-buy rating to a buy rating in a report issued on Tuesday, ValuEngine reports.

A number of other equities analysts also recently issued reports on WAAS. Roth Capital set a $12.00 price target on Callon Petroleum and gave the stock a buy rating in a research report on Friday, June 14th. Zacks Investment Research upgraded Zymeworks from a hold rating to a buy rating and set a $19.00 price target on the stock in a research report on Saturday, April 27th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of Buy and an average target price of $25.88.

Shares of WAAS stock opened at $18.25 on Tuesday. The stock has a market capitalization of $492.48 million, a P/E ratio of -23.40 and a beta of 0.93. The business’s 50 day simple moving average is $18.87. The company has a quick ratio of 2.22, a current ratio of 2.60 and a debt-to-equity ratio of 0.96. AquaVenture has a 12-month low of $15.30 and a 12-month high of $23.35.

AquaVenture (NYSE:WAAS) last issued its quarterly earnings results on Wednesday, May 8th. The company reported ($0.21) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.01. The company had revenue of $46.60 million for the quarter, compared to the consensus estimate of $45.63 million. AquaVenture had a negative return on equity of 5.98% and a negative net margin of 12.62%. AquaVenture’s revenue for the quarter was up 43.4% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.24) earnings per share. Equities research analysts anticipate that AquaVenture will post -0.73 EPS for the current year.

Several institutional investors have recently made changes to their positions in the business. Raymond James & Associates raised its holdings in shares of AquaVenture by 0.5% during the first quarter. Raymond James & Associates now owns 107,528 shares of the company’s stock valued at $2,081,000 after acquiring an additional 516 shares during the last quarter. BNP Paribas Arbitrage SA raised its holdings in shares of AquaVenture by 446.5% during the first quarter. BNP Paribas Arbitrage SA now owns 2,268 shares of the company’s stock valued at $44,000 after acquiring an additional 1,853 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of AquaVenture by 62.7% during the fourth quarter. Bank of America Corp DE now owns 8,698 shares of the company’s stock valued at $165,000 after acquiring an additional 3,351 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of AquaVenture by 44.1% during the fourth quarter. Rhumbline Advisers now owns 15,431 shares of the company’s stock valued at $291,000 after acquiring an additional 4,719 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of AquaVenture by 10.0% during the fourth quarter. Bank of New York Mellon Corp now owns 54,655 shares of the company’s stock valued at $1,032,000 after acquiring an additional 4,960 shares during the last quarter. 34.54% of the stock is owned by institutional investors and hedge funds.

About AquaVenture

AquaVenture Holdings Limited provides water-as-a-service solutions in North America, the Caribbean, and South America. The company operates in two segments, Seven Seas Water and Quench. It offers desalination, wastewater treatment, and water reuse solutions to governmental, municipal, industrial, property developer, and hospitality customers; and point-of-use (POU) filtered water systems and related services to approximately 50,000 institutional and commercial customers.

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Analyst Recommendations for AquaVenture (NYSE:WAAS)

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