Evoqua Water Technologies Corp. (NYSE:AQUA) Receives $34.88 Consensus Target Price from Analysts

Evoqua Water Technologies Corp. (NYSE:AQUA) has been assigned an average rating of “Buy” from the ten research firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $34.88.

Several research analysts have recently weighed in on AQUA shares. Robert W. Baird boosted their price objective on shares of Evoqua Water Technologies from $32.00 to $41.00 and gave the company an “outperform” rating in a report on Wednesday, August 4th. Zacks Investment Research cut shares of Evoqua Water Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, September 15th. Citigroup boosted their price objective on shares of Evoqua Water Technologies from $31.00 to $37.00 and gave the company a “neutral” rating in a report on Wednesday, August 4th. Raymond James boosted their price objective on shares of Evoqua Water Technologies from $35.00 to $37.00 and gave the company an “outperform” rating in a report on Wednesday, August 4th. Finally, Royal Bank of Canada upped their target price on shares of Evoqua Water Technologies from $34.00 to $38.00 and gave the company an “outperform” rating in a report on Wednesday, June 16th. They noted that the move was a valuation call.

In other Evoqua Water Technologies news, EVP Herve Fages sold 8,111 shares of the company’s stock in a transaction that occurred on Friday, August 6th. The shares were sold at an average price of $36.51, for a total value of $296,132.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Rodney Aulick sold 12,987 shares of the company’s stock in a transaction on Friday, July 2nd. The stock was sold at an average price of $33.58, for a total transaction of $436,103.46. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 150,959 shares of company stock valued at $5,187,750. 4.39% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the stock. Banque Cantonale Vaudoise bought a new position in shares of Evoqua Water Technologies during the second quarter worth $32,000. Ameritas Investment Company LLC bought a new position in shares of Evoqua Water Technologies during the first quarter worth $26,000. CoreFirst Bank & Trust bought a new position in Evoqua Water Technologies during the first quarter valued at $53,000. Benjamin F. Edwards & Company Inc. lifted its position in Evoqua Water Technologies by 32.2% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,591 shares of the company’s stock valued at $94,000 after purchasing an additional 875 shares during the last quarter. Finally, FORA Capital LLC bought a new position in Evoqua Water Technologies during the second quarter valued at $147,000. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Evoqua Water Technologies stock traded up $0.58 during trading hours on Wednesday, hitting $39.05. The stock had a trading volume of 930,924 shares, compared to its average volume of 1,137,267. The company has a quick ratio of 1.36, a current ratio of 1.79 and a debt-to-equity ratio of 1.43. The stock has a market capitalization of $4.68 billion, a P/E ratio of 83.63 and a beta of 1.90. Evoqua Water Technologies has a 12-month low of $18.98 and a 12-month high of $39.95. The stock’s 50-day moving average price is $36.33 and its 200-day moving average price is $31.90.

Evoqua Water Technologies (NYSE:AQUA) last released its quarterly earnings data on Tuesday, August 3rd. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.02). Evoqua Water Technologies had a net margin of 3.93% and a return on equity of 13.58%. The company had revenue of $369.68 million for the quarter, compared to analysts’ expectations of $364.15 million. During the same period in the previous year, the firm earned $0.20 earnings per share. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. On average, research analysts expect that Evoqua Water Technologies will post 0.6 EPS for the current fiscal year.

About Evoqua Water Technologies

Evoqua Water Technologies Corp. is a holding company, which engages in the provision of water treatment solutions. It operates through the Integrated Solutions and Services and Applied Product Technologies business segments. The Integrated Solutions and Services segment focuses on engaging directly with end users.

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Analyst Recommendations for Evoqua Water Technologies (NYSE:AQUA)

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