AquaVenture (NYSE:WAAS) received a $30.00 price target from research analysts at JMP Securities in a research note issued to investors on Thursday. The firm currently has a “buy” rating on the stock. JMP Securities’ target price points to a potential upside of 63.67% from the company’s current price.
A number of other analysts have also issued reports on the company. Royal Bank of Canada lifted their price target on AquaVenture from $21.00 to $22.00 and gave the stock an “outperform” rating in a research note on Monday, November 5th. Citigroup set a $23.00 price objective on AquaVenture and gave the stock a “buy” rating in a research note on Monday, November 5th. Raymond James lowered AquaVenture from a “strong-buy” rating to an “outperform” rating and set a $22.00 price objective on the stock. in a research note on Tuesday, October 2nd. Zacks Investment Research lowered AquaVenture from a “buy” rating to a “hold” rating in a research note on Thursday, September 6th. Finally, TheStreet raised AquaVenture from a “d” rating to a “c-” rating in a research note on Monday, August 20th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $24.25.
Shares of NYSE:WAAS opened at $18.33 on Thursday. The company has a current ratio of 6.17, a quick ratio of 5.74 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $515.93 million, a PE ratio of -18.70 and a beta of 1.03. AquaVenture has a 1 year low of $11.83 and a 1 year high of $20.49.
AquaVenture (NYSE:WAAS) last issued its quarterly earnings results on Wednesday, November 7th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.21) by $0.11. The firm had revenue of $36.80 million for the quarter, compared to analyst estimates of $34.10 million. AquaVenture had a negative return on equity of 6.01% and a negative net margin of 15.19%. The business’s revenue was up 23.5% on a year-over-year basis. During the same period in the previous year, the company posted ($0.28) earnings per share. Research analysts anticipate that AquaVenture will post -0.83 EPS for the current fiscal year.
A number of large investors have recently bought and sold shares of the business. FMR LLC raised its position in AquaVenture by 76.8% in the third quarter. FMR LLC now owns 27,629 shares of the company’s stock valued at $499,000 after purchasing an additional 12,001 shares during the period. BlackRock Inc. raised its position in AquaVenture by 1.4% in the third quarter. BlackRock Inc. now owns 449,484 shares of the company’s stock valued at $8,122,000 after purchasing an additional 6,371 shares during the period. Monarch Partners Asset Management LLC purchased a new stake in AquaVenture in the third quarter valued at $735,000. Perella Weinberg Partners Capital Management LP raised its position in AquaVenture by 58.4% in the third quarter. Perella Weinberg Partners Capital Management LP now owns 64,832 shares of the company’s stock valued at $1,172,000 after purchasing an additional 23,906 shares during the period. Finally, Mycio Wealth Partners LLC purchased a new stake in AquaVenture in the third quarter valued at $280,000. Institutional investors own 35.14% of the company’s stock.
AquaVenture Holdings Ltd. engages in the provision of water purification services. It operates through Seven Seas Water and Quench segments. The Seven Seas Water segment delivers treated bulk water to governmental, municipal, industrial, and hospitality customers. The Quench segment focuses in the rental and servicing of POU water filtration systems and related equipment, such as ice and sparkling water machines, and from the contracted maintenance of customer-owned equipment.
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