AquaVenture Holdings Ltd (NYSE:WAAS) Receives $26.33 Consensus Price Target from Analysts

Shares of AquaVenture Holdings Ltd (NYSE:WAAS) have been assigned a consensus recommendation of “Buy” from the seven research firms that are covering the firm, Marketbeat reports. Five research analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $26.33.

A number of analysts have recently issued reports on the stock. Royal Bank of Canada reiterated a “buy” rating and issued a $23.00 price objective on shares of AquaVenture in a report on Sunday, August 11th. Zacks Investment Research raised shares of AquaVenture from a “hold” rating to a “strong-buy” rating and set a $23.00 target price for the company in a research note on Wednesday, September 18th. Finally, ValuEngine raised shares of AquaVenture from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 1st.

Large investors have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of AquaVenture by 111.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,645 shares of the company’s stock valued at $32,000 after buying an additional 867 shares in the last quarter. Tower Research Capital LLC TRC bought a new position in shares of AquaVenture in the third quarter valued at $57,000. JPMorgan Chase & Co. grew its stake in shares of AquaVenture by 23.0% in the second quarter. JPMorgan Chase & Co. now owns 3,273 shares of the company’s stock valued at $66,000 after buying an additional 613 shares in the last quarter. Tortoise Capital Advisors L.L.C. grew its stake in shares of AquaVenture by 1,776.7% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 4,185 shares of the company’s stock valued at $84,000 after buying an additional 3,962 shares in the last quarter. Finally, Quest Capital Management Inc. ADV bought a new position in shares of AquaVenture in the third quarter valued at $127,000. 39.34% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE WAAS traded up $0.04 during midday trading on Friday, reaching $21.57. The company’s stock had a trading volume of 97,100 shares, compared to its average volume of 125,177. The company has a current ratio of 4.09, a quick ratio of 3.64 and a debt-to-equity ratio of 0.79. AquaVenture has a fifty-two week low of $16.08 and a fifty-two week high of $23.35. The stock has a market capitalization of $681.45 million, a price-to-earnings ratio of -27.65 and a beta of 0.91. The stock has a 50 day simple moving average of $19.80 and a 200-day simple moving average of $18.78.

AquaVenture (NYSE:WAAS) last posted its quarterly earnings data on Wednesday, November 6th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.20) by $0.07. AquaVenture had a negative net margin of 10.28% and a negative return on equity of 5.64%. The company had revenue of $52.90 million for the quarter, compared to the consensus estimate of $49.13 million. During the same period last year, the company earned ($0.10) earnings per share. The firm’s revenue was up 43.8% compared to the same quarter last year. As a group, equities analysts anticipate that AquaVenture will post -0.64 EPS for the current year.

About AquaVenture

AquaVenture Holdings Limited provides water-as-a-service solutions in North America, the Caribbean, and South America. The company operates in two segments, Seven Seas Water and Quench. It offers desalination, wastewater treatment, and water reuse solutions to governmental, municipal, industrial, property developer, and hospitality customers; and point-of-use (POU) filtered water systems and related services to approximately 50,000 institutional and commercial customers.

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Analyst Recommendations for AquaVenture (NYSE:WAAS)

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