Evoqua Water Technologies (NYSE:AQUA) Price Target Increased to $49.00 by Analysts at Robert W. Baird

Evoqua Water Technologies (NYSE:AQUAGet Rating) had its price target upped by Robert W. Baird from $47.00 to $49.00 in a research note issued to investors on Tuesday, Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

A number of other research analysts have also weighed in on AQUA. The Goldman Sachs Group raised their price objective on Evoqua Water Technologies from $44.00 to $50.00 and gave the company a buy rating in a research report on Wednesday, November 16th. Citigroup raised their price objective on Evoqua Water Technologies from $37.00 to $45.00 in a research report on Wednesday, November 16th. Stifel Nicolaus raised their price objective on Evoqua Water Technologies from $43.00 to $50.00 in a research report on Wednesday, November 16th. Oppenheimer lowered Evoqua Water Technologies from an outperform rating to a market perform rating and set a $45.00 target price for the company. in a report on Wednesday, November 16th. Finally, Royal Bank of Canada lifted their target price on Evoqua Water Technologies from $44.00 to $51.00 in a report on Wednesday, November 16th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Evoqua Water Technologies has a consensus rating of Moderate Buy and a consensus price target of $47.71.

Evoqua Water Technologies Trading Up 2.2 %

AQUA opened at $48.33 on Tuesday. The stock has a market cap of $5.89 billion, a PE ratio of 83.33, a PEG ratio of 3.39 and a beta of 1.72. The company has a quick ratio of 1.24, a current ratio of 1.72 and a debt-to-equity ratio of 1.22. The business has a 50 day moving average of $41.97 and a 200-day moving average of $38.44. Evoqua Water Technologies has a 52 week low of $30.44 and a 52 week high of $48.92.

Evoqua Water Technologies (NYSE:AQUAGet Rating) last released its earnings results on Tuesday, November 15th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.13. Evoqua Water Technologies had a return on equity of 16.40% and a net margin of 4.16%. The company had revenue of $504.76 million during the quarter, compared to analysts’ expectations of $463.90 million. Equities research analysts predict that Evoqua Water Technologies will post 0.81 earnings per share for the current fiscal year.

Institutional Trading of Evoqua Water Technologies

Several large investors have recently modified their holdings of the company. BlackRock Inc. lifted its position in Evoqua Water Technologies by 3.2% during the first quarter. BlackRock Inc. now owns 14,342,255 shares of the company’s stock valued at $673,798,000 after purchasing an additional 450,010 shares in the last quarter. Invesco Ltd. lifted its position in Evoqua Water Technologies by 10.5% during the first quarter. Invesco Ltd. now owns 7,540,421 shares of the company’s stock valued at $354,248,000 after purchasing an additional 713,929 shares in the last quarter. Victory Capital Management Inc. lifted its position in Evoqua Water Technologies by 16.3% during the second quarter. Victory Capital Management Inc. now owns 3,262,978 shares of the company’s stock valued at $106,080,000 after purchasing an additional 456,952 shares in the last quarter. Pictet Asset Management SA lifted its position in Evoqua Water Technologies by 160.9% during the second quarter. Pictet Asset Management SA now owns 2,430,152 shares of the company’s stock valued at $79,004,000 after purchasing an additional 1,498,706 shares in the last quarter. Finally, State Street Corp lifted its position in Evoqua Water Technologies by 3.1% during the first quarter. State Street Corp now owns 2,424,809 shares of the company’s stock valued at $113,918,000 after purchasing an additional 72,538 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

About Evoqua Water Technologies

(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 through 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.