Cowen Downgrades Evoqua Water Technologies (AQUA) to Market Perform

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

Other equities analysts also recently issued reports about the company. Berenberg Bank began coverage on Evoqua Water Technologies in a research report on Wednesday, October 3rd. They set a hold rating and a $19.00 price objective for the company. Raymond James raised Evoqua Water Technologies from an outperform rating to a strong-buy rating and set a $26.00 price objective for the company in a research report on Tuesday, October 2nd. Five research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Evoqua Water Technologies has an average rating of Buy and an average target price of $21.89.

NYSE AQUA opened at $9.97 on Wednesday. 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 released its earnings results on Tuesday, August 7th. The company reported $0.19 earnings per share for the quarter, meeting the consensus estimate of $0.19. The firm had revenue of $342.48 million during the quarter, compared to analyst estimates of $342.99 million.

Several institutional investors have recently made changes to their positions in AQUA. BlackRock Inc. grew its position 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 buying an additional 1,748,769 shares in the last quarter. First Trust Advisors LP acquired a new position in Evoqua Water Technologies in the second quarter valued at approximately $13,583,000. Public Employees Retirement Association of Colorado acquired a new position in Evoqua Water Technologies in the third quarter valued at approximately $10,634,000. Rice Hall James & Associates LLC acquired a new position in Evoqua Water Technologies in the second quarter valued at approximately $10,559,000. Finally, Handelsbanken Fonder AB acquired a new position in Evoqua Water Technologies in the second quarter valued at approximately $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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