FY2023 EPS Estimates for Evoqua Water Technologies Corp. Decreased by Analyst (NYSE:AQUA) – MarketBeat
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Evoqua Water Technologies Corp. (NYSE:AQUA – Get Rating) – Research analysts at Oppenheimer dropped their FY2023 EPS estimates for shares of Evoqua Water Technologies in a research report issued on Wednesday, November 16th. Oppenheimer analyst B. Blair now expects that the company will earn $0.90 per share for the year, down from their previous forecast of $0.91. Oppenheimer has a “Market Perform” rating and a $45.00 price objective on the stock. The consensus estimate for Evoqua Water Technologies’ current full-year earnings is $0.81 per share.
Several other research analysts have also recently issued reports on AQUA. The Goldman Sachs Group increased their target price on shares of Evoqua Water Technologies from $44.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, November 16th. TheStreet upgraded shares of Evoqua Water Technologies from a “c+” rating to a “b” rating in a report on Tuesday, August 16th. Royal Bank of Canada raised their price target on shares of Evoqua Water Technologies from $44.00 to $51.00 in a report on Wednesday, November 16th. Citigroup raised their price target on shares of Evoqua Water Technologies from $37.00 to $45.00 in a report on Wednesday, November 16th. Finally, Credit Suisse Group raised their price target on shares of Evoqua Water Technologies from $43.00 to $44.00 and gave the company an “outperform” rating in a report on Wednesday, August 3rd. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Evoqua Water Technologies has an average rating of “Moderate Buy” and a consensus target price of $47.50.
Evoqua Water Technologies Stock Down 0.9 %
Shares of Evoqua Water Technologies stock opened at $43.53 on Monday. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.72 and a quick ratio of 1.31. Evoqua Water Technologies has a 1 year low of $30.44 and a 1 year high of $49.38. The firm’s 50-day moving average is $36.75 and its two-hundred day moving average is $36.02. The stock has a market cap of $5.30 billion, a price-to-earnings ratio of 75.05, a PEG ratio of 3.54 and a beta of 1.72.
Institutional Trading of Evoqua Water Technologies
A number of institutional investors have recently bought and sold shares of AQUA. Pictet Asset Management SA raised its position in Evoqua Water Technologies by 160.9% during the 2nd quarter. Pictet Asset Management SA now owns 2,430,152 shares of the company’s stock worth $79,004,000 after buying an additional 1,498,706 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Evoqua Water Technologies by 371.1% during the 1st quarter. JPMorgan Chase & Co. now owns 1,190,251 shares of the company’s stock valued at $55,918,000 after purchasing an additional 937,584 shares in the last quarter. Macquarie Group Ltd. increased its holdings in shares of Evoqua Water Technologies by 27,503.6% during the 2nd quarter. Macquarie Group Ltd. now owns 796,916 shares of the company’s stock valued at $25,907,000 after purchasing an additional 794,029 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Evoqua Water Technologies by 10.5% during the 1st 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. Finally, Amundi increased its holdings in shares of Evoqua Water Technologies by 103.0% during the 2nd quarter. Amundi now owns 1,298,351 shares of the company’s stock valued at $42,238,000 after purchasing an additional 658,878 shares in the last quarter. 93.40% of the stock is currently owned by institutional investors and hedge funds.
Evoqua Water Technologies Company Profile
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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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