Evoqua Water Technologies (NYSE:AQUA) Downgraded to Market Perform at Oppenheimer

Oppenheimer lowered shares of Evoqua Water Technologies (NYSE:AQUAGet Rating) from an outperform rating to a market perform rating in a report issued on Wednesday morning, MarketBeat Ratings reports. They currently have $45.00 target price on the stock. Oppenheimer also issued estimates for Evoqua Water Technologies’ Q1 2023 earnings at $0.12 EPS, Q2 2023 earnings at $0.20 EPS, Q3 2023 earnings at $0.24 EPS, Q4 2023 earnings at $0.34 EPS and FY2024 earnings at $1.00 EPS.

Other equities research analysts have also recently issued reports about the stock. Citigroup dropped their target price on shares of Evoqua Water Technologies from $38.00 to $37.00 in a report on Monday, October 10th. Credit Suisse Group upped their target price on shares of Evoqua Water Technologies from $43.00 to $44.00 and gave the company an outperform rating in a report on Wednesday, August 3rd. TheStreet raised shares of Evoqua Water Technologies from a c+ rating to a b rating in a report on Tuesday, August 16th. Royal Bank of Canada lowered their price target on shares of Evoqua Water Technologies from $45.00 to $44.00 and set an outperform rating on the stock in a report on Wednesday, August 3rd. Finally, Stifel Nicolaus lowered their price target on shares of Evoqua Water Technologies from $44.00 to $43.00 and set a buy rating on the stock in a report on Tuesday, October 11th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average target price of $47.50.

Evoqua Water Technologies Trading Down 0.9 %

Shares of NYSE:AQUA opened at $43.53 on Wednesday. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.72 and a quick ratio of 1.31. The company’s 50-day moving average price is $36.75 and its two-hundred day moving average price is $36.06. The stock has a market capitalization of $5.30 billion, a PE ratio of 75.05, a price-to-earnings-growth ratio of 3.57 and a beta of 1.72. Evoqua Water Technologies has a one year low of $30.44 and a one year high of $49.38.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in AQUA. Jennison Associates LLC acquired a new stake in shares of Evoqua Water Technologies during the 1st quarter worth approximately $920,000. Jag Capital Management LLC boosted its position in shares of Evoqua Water Technologies by 96.7% during the 1st quarter. Jag Capital Management LLC now owns 84,805 shares of the company’s stock worth $2,230,000 after acquiring an additional 41,685 shares in the last quarter. APG Asset Management N.V. boosted its position in shares of Evoqua Water Technologies by 45.9% during the 1st quarter. APG Asset Management N.V. now owns 1,872,600 shares of the company’s stock worth $79,068,000 after acquiring an additional 589,342 shares in the last quarter. Monarch Partners Asset Management LLC boosted its position in shares of Evoqua Water Technologies by 74.5% during the 1st quarter. Monarch Partners Asset Management LLC now owns 54,148 shares of the company’s stock worth $2,544,000 after acquiring an additional 23,113 shares in the last quarter. Finally, California Public Employees Retirement System boosted its position in shares of Evoqua Water Technologies by 1.8% during the 1st quarter. California Public Employees Retirement System now owns 198,631 shares of the company’s stock worth $9,332,000 after acquiring an additional 3,525 shares in the last quarter. Institutional investors and hedge funds own 93.40% of the company’s stock.

Evoqua Water Technologies Company Profile

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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.

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