Evoqua Water Technologies Corp. (NYSE:AQUA) Given Average Recommendation of "Moderate Buy" by Brokerages – MarketBeat
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Evoqua Water Technologies Corp. (NYSE:AQUA – Get Rating) has earned an average rating of “Moderate Buy” from the eight analysts that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $45.67.
AQUA has been the subject of a number of recent research reports. Royal Bank of Canada lowered their price target on shares of Evoqua Water Technologies from $45.00 to $44.00 and set an “outperform” rating for the company in a report on Wednesday, August 3rd. Credit Suisse Group raised their target price on shares of Evoqua Water Technologies from $43.00 to $44.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 3rd. TheStreet raised shares of Evoqua Water Technologies from a “c+” rating to a “b” rating in a research report on Tuesday, August 16th. Finally, Stifel Nicolaus reduced their price target on shares of Evoqua Water Technologies from $55.00 to $43.00 in a research report on Wednesday, July 20th.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in AQUA. Pictet Asset Management SA lifted its position in shares of Evoqua Water Technologies by 160.9% during the second quarter. Pictet Asset Management SA now owns 2,430,152 shares of the company’s stock worth $79,004,000 after purchasing an additional 1,498,706 shares in the last quarter. Conestoga Capital Advisors LLC acquired a new position in shares of Evoqua Water Technologies during the first quarter worth $61,313,000. JPMorgan Chase & Co. lifted its position in shares of Evoqua Water Technologies by 371.1% during the first quarter. JPMorgan Chase & Co. now owns 1,190,251 shares of the company’s stock worth $55,918,000 after purchasing an additional 937,584 shares in the last quarter. Macquarie Group Ltd. lifted its position in shares of Evoqua Water Technologies by 27,503.6% during the second quarter. Macquarie Group Ltd. now owns 796,916 shares of the company’s stock worth $25,907,000 after purchasing an additional 794,029 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of Evoqua Water Technologies by 10.5% during the first quarter. Invesco Ltd. now owns 7,540,421 shares of the company’s stock worth $354,248,000 after purchasing an additional 713,929 shares in the last quarter. 93.40% of the stock is owned by institutional investors and hedge funds.
Evoqua Water Technologies Stock Performance
Shares of NYSE AQUA opened at $33.07 on Friday. The company has a market cap of $4.02 billion, a PE ratio of 70.36, a price-to-earnings-growth ratio of 3.14 and a beta of 1.77. Evoqua Water Technologies has a 12 month low of $30.44 and a 12 month high of $49.38. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.82 and a quick ratio of 1.31. The company has a 50-day simple moving average of $37.00 and a 200-day simple moving average of $37.89.
Evoqua Water Technologies (NYSE:AQUA – Get Rating) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.20 EPS for the quarter, hitting analysts’ consensus estimates of $0.20. The business had revenue of $439.33 million during the quarter, compared to the consensus estimate of $432.65 million. Evoqua Water Technologies had a net margin of 3.48% and a return on equity of 14.06%. On average, equities analysts anticipate that Evoqua Water Technologies will post 0.72 earnings per share for the current year.
Evoqua Water Technologies Company Profile
(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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