JPMorgan Chase & Co. Raises Evoqua Water Technologies (NYSE:AQUA) Price Target to $14.00

Evoqua Water Technologies (NYSE:AQUA) had its target price raised by equities research analysts at JPMorgan Chase & Co. from $11.00 to $14.00 in a research report issued to clients and investors on Thursday, BenzingaRatingsTable reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential downside of 11.67% from the company’s current price.

A number of other research analysts have also commented on the stock. Royal Bank of Canada restated a “buy” rating and issued a $16.00 price objective on shares of Evoqua Water Technologies in a research note on Thursday, August 8th. Citigroup lowered shares of Evoqua Water Technologies from a “buy” rating to a “neutral” rating and set a $16.00 price target on the stock. in a research note on Monday, July 8th. Credit Suisse Group boosted their price target on shares of Evoqua Water Technologies from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Monday, August 19th. Finally, Raymond James boosted their price target on shares of Evoqua Water Technologies from $16.00 to $19.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, October 1st. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $15.86.

Evoqua Water Technologies stock traded up $0.31 during midday trading on Thursday, reaching $15.85. The company had a trading volume of 10,239 shares, compared to its average volume of 571,594. Evoqua Water Technologies has a 12-month low of $7.92 and a 12-month high of $17.50. The firm’s fifty day simple moving average is $15.96 and its 200-day simple moving average is $14.03.



Evoqua Water Technologies (NYSE:AQUA) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.07). The business had revenue of $360.30 million for the quarter, compared to the consensus estimate of $359.07 million. The company’s revenue was up 5.2% compared to the same quarter last year. During the same period last year, the firm posted $0.08 EPS.

Hedge funds have recently added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC purchased a new stake in Evoqua Water Technologies during the second quarter worth about $49,000. Tortoise Capital Advisors L.L.C. lifted its stake in shares of Evoqua Water Technologies by 1,855.6% during the second quarter. Tortoise Capital Advisors L.L.C. now owns 4,752 shares of the company’s stock valued at $68,000 after buying an additional 4,509 shares during the period. Bank of Montreal Can lifted its stake in shares of Evoqua Water Technologies by 301.1% during the second quarter. Bank of Montreal Can now owns 8,407 shares of the company’s stock valued at $120,000 after buying an additional 6,311 shares during the period. Aperio Group LLC purchased a new position in shares of Evoqua Water Technologies during the second quarter valued at approximately $144,000. Finally, Marshall Wace North America L.P. lifted its stake in shares of Evoqua Water Technologies by 37.4% during the first quarter. Marshall Wace North America L.P. now owns 11,650 shares of the company’s stock valued at $147,000 after buying an additional 3,172 shares during the period.

Evoqua Water Technologies Company Profile

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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