Evoqua Water Technologies Corp (AQUA) Receives $24.11 Consensus Price Target from Analysts

Shares of Evoqua Water Technologies Corp (NYSE:AQUA) have been assigned an average recommendation of “Buy” from the nine research firms that are presently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $24.11.

AQUA has been the subject of a number of recent research reports. Berenberg Bank initiated coverage on shares of Evoqua Water Technologies in a research report on Wednesday, October 3rd. They set a “hold” rating and a $19.00 price target for the company. Raymond James raised shares of Evoqua Water Technologies from an “outperform” rating to a “strong-buy” rating and set a $26.00 price target for the company in a research report on Tuesday, October 2nd.

AQUA opened at $13.80 on Friday. Evoqua Water Technologies has a 12-month low of $13.37 and a 12-month high of $25.36.



Evoqua Water Technologies (NYSE:AQUA) last posted its quarterly earnings results on Tuesday, August 7th. The company reported $0.19 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.19. Evoqua Water Technologies had a negative net margin of 1.01% and a negative return on equity of 5.33%. The company had revenue of $342.48 million during the quarter, compared to analyst estimates of $342.99 million.

Several large investors have recently bought and sold shares of AQUA. Northern Trust Corp increased its holdings in shares of Evoqua Water Technologies by 62.1% during the 1st quarter. Northern Trust Corp now owns 539,394 shares of the company’s stock valued at $11,484,000 after purchasing an additional 206,556 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Evoqua Water Technologies by 66.3% during the 1st quarter. BlackRock Inc. now owns 3,760,515 shares of the company’s stock valued at $80,061,000 after purchasing an additional 1,499,796 shares in the last quarter. New York State Common Retirement Fund increased its holdings in shares of Evoqua Water Technologies by 61.0% during the 1st quarter. New York State Common Retirement Fund now owns 26,400 shares of the company’s stock valued at $562,000 after purchasing an additional 10,000 shares in the last quarter. Sei Investments Co. increased its holdings in shares of Evoqua Water Technologies by 1,396.3% during the 1st quarter. Sei Investments Co. now owns 39,997 shares of the company’s stock valued at $852,000 after purchasing an additional 37,324 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Evoqua Water Technologies by 73.5% during the 1st quarter. The Manufacturers Life Insurance Company now owns 40,991 shares of the company’s stock valued at $873,000 after purchasing an additional 17,369 shares in 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 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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Analyst Recommendations for Evoqua Water Technologies (NYSE:AQUA)

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