Evoqua Water Technologies Corp (NYSE:AQUA) Receives $15.86 Average Price Target from Analysts

Shares of Evoqua Water Technologies Corp (NYSE:AQUA) have received an average recommendation of “Hold” from the seven research firms that are presently covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $16.50.

Several equities research analysts recently issued reports on the stock. Raymond James raised their price objective 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. Credit Suisse Group boosted their target price on shares of Evoqua Water Technologies from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, August 19th. JPMorgan Chase & Co. increased their price target on shares of Evoqua Water Technologies from $11.00 to $14.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Goldman Sachs Group downgraded shares of Evoqua Water Technologies from a “buy” rating to a “neutral” rating and set a $18.00 price target for the company. in a report on Friday. Finally, Zacks Investment Research upgraded shares of Evoqua Water Technologies from a “strong sell” rating to a “hold” rating in a report on Wednesday.

Shares of AQUA stock opened at $18.58 on Thursday. The company has a current ratio of 1.98, a quick ratio of 1.55 and a debt-to-equity ratio of 2.60. Evoqua Water Technologies has a twelve month low of $9.04 and a twelve month high of $19.79. The company’s 50-day moving average price is $17.88 and its 200-day moving average price is $15.33. The stock has a market cap of $2.18 billion, a price-to-earnings ratio of 95.35 and a beta of 1.73.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in Evoqua Water Technologies by 1.7% in the second quarter. Vanguard Group Inc. now owns 6,204,426 shares of the company’s stock valued at $88,352,000 after buying an additional 104,310 shares during the last quarter. BlackRock Inc. raised its stake in shares of Evoqua Water Technologies by 0.7% in the 2nd quarter. BlackRock Inc. now owns 4,911,616 shares of the company’s stock valued at $69,941,000 after acquiring an additional 35,516 shares during the period. Invesco Ltd. raised its stake in shares of 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 acquiring an additional 1,169,155 shares during the period. Amundi Pioneer Asset Management Inc. raised its stake in shares of Evoqua Water Technologies by 10.7% in the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 2,720,832 shares of the company’s stock valued at $225,941,000 after acquiring an additional 262,299 shares during the period. Finally, Pinnacle Associates Ltd. lifted its holdings in shares of Evoqua Water Technologies by 18.0% in the 2nd quarter. Pinnacle Associates Ltd. now owns 1,605,562 shares of the company’s stock worth $22,863,000 after acquiring an additional 245,477 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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