Evoqua Water Technologies Corp (AQUA) Given Consensus Recommendation of “Buy” by Analysts

Shares of Evoqua Water Technologies Corp (NYSE:AQUA) have been assigned a consensus rating of “Buy” from the eight research firms that are covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $24.63.

A number of brokerages recently issued reports on AQUA. Robert W. Baird boosted their price target on Evoqua Water Technologies from $23.00 to $24.00 and gave the company a “neutral” rating in a report on Wednesday. Stifel Nicolaus reduced their price target on Evoqua Water Technologies from $26.00 to $24.00 and set a “hold” rating on the stock in a report on Wednesday. Cowen restated a “buy” rating and set a $26.00 price target on shares of Evoqua Water Technologies in a report on Tuesday, January 30th. Goldman Sachs Group began coverage on Evoqua Water Technologies in a report on Monday, November 27th. They set a “neutral” rating and a $22.00 price target on the stock. Finally, Citigroup began coverage on Evoqua Water Technologies in a report on Monday, November 27th. They set a “buy” rating and a $26.00 price target on the stock.

Evoqua Water Technologies (NYSE AQUA) opened at $20.82 on Friday. Evoqua Water Technologies has a twelve month low of $19.10 and a twelve month high of $25.04. The stock has a market capitalization of $2,420.00 and a PE ratio of 208.20.

Evoqua Water Technologies (NYSE:AQUA) last announced its quarterly earnings results on Tuesday, February 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.02. Evoqua Water Technologies had a negative return on equity of 18.89% and a negative net margin of 1.50%. The company had revenue of $297.05 million for the quarter, compared to the consensus estimate of $291.38 million. During the same quarter in the previous year, the business earned ($0.13) EPS. Evoqua Water Technologies’s revenue was up 6.1% compared to the same quarter last year.

A number of institutional investors have recently bought and sold shares of the business. Bank of Montreal Can bought a new stake in Evoqua Water Technologies during the 4th quarter valued at approximately $145,000. Blackhill Capital Inc. bought a new stake in Evoqua Water Technologies during the 4th quarter valued at approximately $152,000. Suffolk Capital Management LLC bought a new stake in Evoqua Water Technologies during the 4th quarter valued at approximately $209,000. Strs Ohio bought a new stake in Evoqua Water Technologies during the 4th quarter valued at approximately $218,000. Finally, Rhumbline Advisers bought a new stake in Evoqua Water Technologies during the 4th quarter valued at approximately $459,000.

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About Evoqua Water Technologies

Evoqua Water Technologies Corp. is focused on providing water treatment solutions. The Company is offering services, systems and technologies to support customers’ full water lifecycle needs. The Company offers a comprehensive portfolio of differentiated, proprietary technology solutions. The Company operates through three segments Industrial, Municipal and Products.

Analyst Recommendations for Evoqua Water Technologies (NYSE:AQUA)

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