Evoqua Water Technologies Corp. (NYSE:AQUA) Receives Consensus Rating of “Hold” from Brokerages

Evoqua Water Technologies Corp. (NYSE:AQUA – Get Rating) has been given an average rating of “Hold” by the eight research firms that are presently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $49.29.

AQUA has been the topic of a number of research analyst reports. Citigroup lifted their target price on Evoqua Water Technologies from $45.00 to $52.00 and gave the company a “neutral” rating in a research report on Wednesday, February 1st. Robert W. Baird downgraded Evoqua Water Technologies from an “outperform” rating to a “neutral” rating and set a $49.00 price objective on the stock. in a report on Wednesday, February 1st. Royal Bank of Canada downgraded Evoqua Water Technologies from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from $51.00 to $50.00 in a report on Wednesday, February 1st. Finally, Stifel Nicolaus boosted their price objective on Evoqua Water Technologies from $54.00 to $55.00 in a report on Wednesday, May 3rd.

Evoqua Water Technologies Price Performance

NYSE:AQUA opened at $49.57 on Monday. Evoqua Water Technologies has a 52 week low of $30.44 and a 52 week high of $52.30. The company has a quick ratio of 1.27, a current ratio of 1.78 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $6.07 billion, a P/E ratio of 79.95, a P/E/G ratio of 4.12 and a beta of 1.79. The stock’s fifty day moving average is $48.60 and its two-hundred day moving average is $45.42.

Institutional Trading of Evoqua Water Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Evoqua Water Technologies by 0.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 370,927 shares of the company’s stock valued at $12,267,000 after buying an additional 3,268 shares during the period. ProShare Advisors LLC lifted its holdings in shares of Evoqua Water Technologies by 16.7% in the 4th quarter. ProShare Advisors LLC now owns 15,138 shares of the company’s stock valued at $599,000 after buying an additional 2,171 shares during the period. Thompson Investment Management Inc. lifted its holdings in shares of Evoqua Water Technologies by 11.3% in the 4th quarter. Thompson Investment Management Inc. now owns 12,800 shares of the company’s stock valued at $507,000 after buying an additional 1,300 shares during the period. Barclays PLC lifted its holdings in shares of Evoqua Water Technologies by 97.3% in the 3rd quarter. Barclays PLC now owns 31,378 shares of the company’s stock valued at $1,036,000 after buying an additional 15,477 shares during the period. Finally, RFP Financial Group LLC acquired a new stake in shares of Evoqua Water Technologies in the 4th quarter valued at approximately $60,000. 93.46% of the stock is owned by hedge funds and other institutional investors.

About Evoqua Water Technologies

(Get Rating)

Evoqua Water Technologies Corp. is a holding company, which engages in the provision of water and wastewater treatment systems and technologies. It operates through the Integrated Solutions and Services and Applied Product Technologies segments. The Integrated Solutions and Services segment offers outsourced water services, capital equipment for process water and wastewater treatment, and preventive maintenance service contracts.