Evoqua Water Technologies Corp (NYSE:AQUA) Receives $15.86 Consensus Price Target from Brokerages

Evoqua Water Technologies Corp (NYSE:AQUA) has earned a consensus rating of “Buy” from the eight brokerages that are currently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong 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 $15.86.

Several research firms recently issued reports on AQUA. Citigroup lowered shares of Evoqua Water Technologies from a “buy” rating to a “neutral” rating and set a $16.00 price target on the stock. in a research report on Monday, July 8th. Royal Bank of Canada reiterated a “buy” rating and set a $16.00 price target on shares of Evoqua Water Technologies in a research report on Thursday, August 8th. JPMorgan Chase & Co. increased their price target on shares of Evoqua Water Technologies from $11.00 to $14.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Credit Suisse Group increased their price target on shares of Evoqua Water Technologies from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th. Finally, Raymond James increased their price target on shares of Evoqua Water Technologies from $16.00 to $19.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, October 1st.

Shares of NYSE:AQUA opened at $16.92 on Wednesday. The company’s 50 day moving average price is $16.26 and its two-hundred day moving average price is $14.21. Evoqua Water Technologies has a 12-month low of $7.92 and a 12-month high of $17.61.

Evoqua Water Technologies (NYSE:AQUA) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.07). The company had revenue of $360.30 million for the quarter, compared to analyst estimates of $359.07 million. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.08 EPS.

A number of large investors have recently modified their holdings of AQUA. Invesco Ltd. lifted its stake in Evoqua Water Technologies by 73.2% in the 2nd quarter. Invesco Ltd. now owns 2,765,290 shares of the company’s stock valued at $39,378,000 after purchasing an additional 1,169,155 shares during the last quarter. Nuveen Asset Management LLC bought a new position in Evoqua Water Technologies in the 2nd quarter valued at approximately $11,425,000. Renaissance Technologies LLC lifted its stake in Evoqua Water Technologies by 399.9% in the 2nd quarter. Renaissance Technologies LLC now owns 611,900 shares of the company’s stock valued at $8,713,000 after purchasing an additional 489,500 shares during the last quarter. Amundi Pioneer Asset Management Inc. lifted its stake in Evoqua Water Technologies by 22.2% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 2,458,533 shares of the company’s stock valued at $30,929,000 after purchasing an additional 447,415 shares during the last quarter. Finally, Pinnacle Associates Ltd. lifted its stake in Evoqua Water Technologies by 18.0% in the 2nd quarter. Pinnacle Associates Ltd. now owns 1,605,562 shares of the company’s stock valued at $22,863,000 after purchasing an additional 245,477 shares during the last quarter.

Evoqua Water Technologies Company Profile

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 in three segments: Industrial, Municipal, and Products. The Industrial segment offers capital systems and related recurring aftermarket services, parts, and consumables, as well as long-term and short-term service contracts, and emergency services 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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