Evoqua Water Technologies (AQUA) Downgraded to Market Perform at Cowen

Cowen downgraded shares of Evoqua Water Technologies (NYSE:AQUA) from an outperform rating to a market perform rating in a report published on Wednesday, The Fly reports.

AQUA has been the topic of a number of other reports. Raymond James upgraded shares of Evoqua Water Technologies from an outperform rating to a strong-buy rating and set a $26.00 target price on the stock in a research report on Tuesday, October 2nd. Berenberg Bank assumed coverage on shares of Evoqua Water Technologies in a research report on Wednesday, October 3rd. They set a hold rating and a $19.00 target price on the stock. Five investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Evoqua Water Technologies has an average rating of Buy and a consensus price target of $21.89.

Evoqua Water Technologies stock traded up $0.38 during mid-day trading on Wednesday, hitting $9.98. The company had a trading volume of 91,930 shares, compared to its average volume of 772,038. Evoqua Water Technologies has a 1 year low of $8.60 and a 1 year high of $25.36.

Evoqua Water Technologies (NYSE:AQUA) last announced its earnings results on Tuesday, August 7th. The company reported $0.19 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.19. The business had revenue of $342.48 million for the quarter, compared to analyst estimates of $342.99 million. Evoqua Water Technologies had a negative net margin of 1.01% and a negative return on equity of 5.33%.

Several hedge funds and other institutional investors have recently modified their holdings of AQUA. BlackRock Inc. lifted its holdings in shares of Evoqua Water Technologies by 46.5% during the second quarter. BlackRock Inc. now owns 5,509,284 shares of the company’s stock worth $112,941,000 after purchasing an additional 1,748,769 shares during the period. First Trust Advisors LP acquired a new stake in shares of Evoqua Water Technologies during the second quarter worth $13,583,000. Public Employees Retirement Association of Colorado acquired a new stake in shares of Evoqua Water Technologies during the third quarter worth $10,634,000. Rice Hall James & Associates LLC acquired a new stake in shares of Evoqua Water Technologies during the second quarter worth $10,559,000. Finally, Handelsbanken Fonder AB acquired a new stake in shares of Evoqua Water Technologies during the second quarter worth $7,585,000.

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 through three segments: Industrial, Municipal, and Products. The Industrial segment provides capital systems and related recurring aftermarket services, parts, and consumables for treating industrial process water, utility water, and wastewater.

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Analyst Recommendations for Evoqua Water Technologies (NYSE:AQUA)

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