Evoqua Water Technologies Corp (AQUA) Receives Consensus Recommendation of “Buy” from Brokerages
Shares of Evoqua Water Technologies Corp (NYSE:AQUA) have been assigned an average recommendation of “Buy” from the eight brokerages that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $16.57.
Several research firms recently commented on AQUA. Goldman Sachs Group upgraded shares of Evoqua Water Technologies from a “neutral” rating to a “buy” rating and set a $16.00 price target on the stock in a report on Tuesday, February 26th. Credit Suisse Group began coverage on shares of Evoqua Water Technologies in a report on Wednesday, December 12th. They issued a “neutral” rating and a $11.00 price target on the stock. Finally, Northcoast Research began coverage on shares of Evoqua Water Technologies in a report on Friday, December 7th. They issued a “buy” rating and a $14.00 price target on the stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of AQUA. SG Capital Management LLC acquired a new stake in Evoqua Water Technologies in the fourth quarter valued at approximately $10,262,000. Fox Run Management L.L.C. acquired a new stake in Evoqua Water Technologies in the fourth quarter valued at approximately $127,000. Teton Advisors Inc. acquired a new stake in Evoqua Water Technologies in the fourth quarter valued at approximately $437,000. Nisa Investment Advisors LLC acquired a new stake in Evoqua Water Technologies in the fourth quarter valued at approximately $290,000. Finally, Vanguard Group Inc grew its position in Evoqua Water Technologies by 2.6% in the third quarter. Vanguard Group Inc now owns 5,845,926 shares of the company’s stock valued at $103,941,000 after acquiring an additional 149,581 shares in the last quarter.
Evoqua Water Technologies (NYSE:AQUA) last posted its quarterly earnings results on Tuesday, February 5th. The company reported ($0.03) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.02). The company had revenue of $232.00 million for the quarter, compared to analysts’ expectations of $311.99 million. During the same quarter last year, the firm earned ($0.03) EPS. The business’s revenue for the quarter was down 20.3% compared to the same quarter last year.
About Evoqua Water Technologies
Evoqua Water Technologies Corp. provides a range of water and wastewater treatment systems and technologies, and mobile and emergency water supply solutions and services. It operates in three segments: Industrial, Municipal, and Products. The Industrial segment offers capital systems and related recurring aftermarket services, parts, and consumables, as well as long-term and short-term service contracts, and emergency services for treating industrial process water, utility water, and wastewater.
Read More: Calculate Your Return on Investment (ROI)
Receive News & Ratings for Evoqua Water Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Evoqua Water Technologies and related companies with MarketBeat.com's FREE daily email newsletter.