Evoqua Water Technologies Corp (NYSE:AQUA) Receives Consensus Rating of “Buy” from Brokerages

Shares of Evoqua Water Technologies Corp (NYSE:AQUA) have earned an average rating of “Buy” from the seven brokerages that are presently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $15.67.

Separately, Citigroup set a $12.00 price objective on Avaya and gave the stock a “hold” rating in a report on Monday, July 8th.

Shares of NYSE AQUA traded up $0.43 during midday trading on Monday, hitting $14.19. 511,396 shares of the company’s stock were exchanged, compared to its average volume of 620,185. Evoqua Water Technologies has a 12-month low of $7.92 and a 12-month high of $22.25. The firm has a fifty day moving average price of $13.11.

Evoqua Water Technologies (NYSE:AQUA) last issued its quarterly earnings data on Friday, May 10th. The company reported $0.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.01). The firm had revenue of $348.60 million during the quarter, compared to the consensus estimate of $351.04 million. During the same period last year, the firm earned $0.18 earnings per share. The company’s quarterly revenue was up 4.5% compared to the same quarter last year.

A number of large investors have recently added to or reduced their stakes in the stock. Clearbridge Investments LLC lifted its position in Evoqua Water Technologies by 0.7% in the 1st quarter. Clearbridge Investments LLC now owns 141,242 shares of the company’s stock worth $1,777,000 after buying an additional 970 shares during the last quarter. Legal & General Group Plc lifted its position in Evoqua Water Technologies by 8.4% in the 4th quarter. Legal & General Group Plc now owns 28,877 shares of the company’s stock worth $277,000 after buying an additional 2,230 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in Evoqua Water Technologies by 10.8% in the 4th quarter. Commonwealth Equity Services LLC now owns 31,295 shares of the company’s stock worth $300,000 after buying an additional 3,045 shares during the last quarter. Marshall Wace North America L.P. lifted its position in Evoqua Water Technologies by 37.4% in the 1st quarter. Marshall Wace North America L.P. now owns 11,650 shares of the company’s stock worth $147,000 after buying an additional 3,172 shares during the last quarter. Finally, Great West Life Assurance Co. Can lifted its position in Evoqua Water Technologies by 121.4% in the 4th quarter. Great West Life Assurance Co. Can now owns 8,292 shares of the company’s stock worth $77,000 after buying an additional 4,546 shares during the last quarter.

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 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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