Evoqua Water Technologies (NYSE:AQUA) PT Lowered to $44.00

Evoqua Water Technologies (NYSE:AQUAGet Rating) had its target price reduced by Royal Bank of Canada from $45.00 to $44.00 in a research note issued to investors on Wednesday morning, Benzinga reports. They currently have an outperform rating on the stock.

AQUA has been the topic of a number of other reports. Credit Suisse Group boosted their price target on shares of Evoqua Water Technologies from $43.00 to $44.00 and gave the stock an outperform rating in a research note on Wednesday. Stifel Nicolaus decreased their price objective on Evoqua Water Technologies from $55.00 to $43.00 in a report on Wednesday, July 20th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus price target of $44.86.

Evoqua Water Technologies Price Performance

Shares of NYSE AQUA opened at $38.61 on Wednesday. The firm has a market cap of $4.68 billion, a PE ratio of 82.15, a PEG ratio of 3.50 and a beta of 1.77. The firm has a fifty day moving average of $34.50 and a 200 day moving average of $39.26. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.30 and a current ratio of 1.82. Evoqua Water Technologies has a one year low of $30.44 and a one year high of $49.38.

Evoqua Water Technologies (NYSE:AQUAGet Rating) last announced its quarterly earnings results on Tuesday, May 3rd. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.02. The firm had revenue of $426.70 million for the quarter, compared to analysts’ expectations of $412.54 million. Evoqua Water Technologies had a net margin of 3.48% and a return on equity of 14.06%. The company’s revenue was up 23.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.11 EPS. As a group, research analysts predict that Evoqua Water Technologies will post 0.73 EPS for the current fiscal year.

Institutional Investors Weigh In On Evoqua Water Technologies

Several hedge funds have recently modified their holdings of AQUA. Envestnet Asset Management Inc. increased its holdings in Evoqua Water Technologies by 9.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 72,403 shares of the company’s stock worth $2,354,000 after purchasing an additional 6,267 shares during the last quarter. Van ECK Associates Corp boosted its position in Evoqua Water Technologies by 28.6% during the 2nd quarter. Van ECK Associates Corp now owns 73,045 shares of the company’s stock valued at $2,375,000 after purchasing an additional 16,258 shares during the period. Nisa Investment Advisors LLC boosted its position in Evoqua Water Technologies by 9.2% during the 2nd quarter. Nisa Investment Advisors LLC now owns 4,260 shares of the company’s stock worth $138,000 after acquiring an additional 360 shares during the period. DekaBank Deutsche Girozentrale boosted its position in Evoqua Water Technologies by 8.7% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 411,000 shares of the company’s stock worth $13,255,000 after acquiring an additional 33,000 shares during the period. Finally, Robeco Schweiz AG boosted its position in Evoqua Water Technologies by 24.8% during the 2nd quarter. Robeco Schweiz AG now owns 408,593 shares of the company’s stock worth $13,283,000 after acquiring an additional 81,153 shares during the period. 91.85% of the stock is currently owned by hedge funds and other institutional investors.

Evoqua Water Technologies Company Profile

(Get Rating)

Evoqua Water Technologies Corp. provides water and wastewater treatment systems and technologies, and mobile and emergency water supply solutions and contract services for industrial, commercial, and municipal water treatment markets in the United States and internationally. It operates in two segments, Integrated Solutions and Services, and Applied Product Technologies.

Further Reading

Analyst Recommendations for Evoqua Water Technologies (NYSE:AQUA)

Receive News & Ratings for Evoqua Water Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Evoqua Water Technologies and related companies with MarketBeat.com's FREE daily email newsletter.