Evoqua Water Technologies Corp. (NYSE:AQUA) Receives Average Recommendation of "Moderate Buy" from Analysts – MarketBeat
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Shares of Evoqua Water Technologies Corp. (NYSE:AQUA – Get Rating) have received a consensus recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $45.67.
Several analysts recently issued reports on AQUA shares. Credit Suisse Group increased their price objective on Evoqua Water Technologies from $43.00 to $44.00 and gave the stock an “outperform” rating in a report on Wednesday, August 3rd. Royal Bank of Canada cut their target price on Evoqua Water Technologies from $45.00 to $44.00 and set an “outperform” rating on the stock in a report on Wednesday, August 3rd. Finally, Stifel Nicolaus lowered their price target on Evoqua Water Technologies from $55.00 to $43.00 in a research report on Wednesday, July 20th.
Institutional Investors Weigh In On Evoqua Water Technologies
Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in Evoqua Water Technologies by 3.2% during the first quarter. BlackRock Inc. now owns 14,342,255 shares of the company’s stock valued at $673,798,000 after purchasing an additional 450,010 shares in the last quarter. Invesco Ltd. boosted its holdings in Evoqua Water Technologies by 10.5% during the first quarter. Invesco Ltd. now owns 7,540,421 shares of the company’s stock valued at $354,248,000 after purchasing an additional 713,929 shares in the last quarter. Impax Asset Management Group plc boosted its holdings in Evoqua Water Technologies by 5.7% during the fourth quarter. Impax Asset Management Group plc now owns 5,092,371 shares of the company’s stock valued at $238,068,000 after purchasing an additional 275,748 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Evoqua Water Technologies by 16.3% in the second quarter. Victory Capital Management Inc. now owns 3,262,978 shares of the company’s stock valued at $106,080,000 after acquiring an additional 456,952 shares during the last quarter. Finally, Pictet Asset Management SA raised its stake in shares of Evoqua Water Technologies by 160.9% in the second quarter. Pictet Asset Management SA now owns 2,430,152 shares of the company’s stock valued at $79,004,000 after acquiring an additional 1,498,706 shares during the last quarter. 91.85% of the stock is owned by institutional investors and hedge funds.
Evoqua Water Technologies Price Performance
Shares of NYSE:AQUA opened at $40.35 on Friday. The company has a current ratio of 1.82, a quick ratio of 1.31 and a debt-to-equity ratio of 1.37. Evoqua Water Technologies has a 1 year low of $30.44 and a 1 year high of $49.38. The business has a fifty day simple moving average of $34.80 and a 200 day simple moving average of $39.28. The firm has a market cap of $4.90 billion, a price-to-earnings ratio of 85.85, a P/E/G ratio of 3.60 and a beta of 1.77.
About Evoqua Water Technologies
(Get Rating)
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 in two segments, Integrated Solutions and Services, and Applied Product Technologies.
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