Evoqua Water Technologies (NYSE:AQUA)‘s stock had its “buy” rating reiterated by equities researchers at Royal Bank of Canada in a research report issued on Thursday, August 8th, AnalystRatings.com reports. They presently have a $16.00 price objective on the stock. Royal Bank of Canada’s price target would suggest a potential upside of 6.52 per cent from the stock’s current price.
Separately, Citigroup lowered shares of Evoqua Water Technologies from a “buy” rating to a “neutral” rating and set a $16.00 price objective on the stock. in a report on Monday, July 8th. Four research 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 stock. The company currently has an average rating of “Buy” and an average price target of $15.71.
Shares of AQUA stock opened at $15.02 on Thursday. Evoqua Water Technologies has a 52-week low of $7.92 and a 52-week high of $19.86. The firm’s 50-day moving average price is $14.16 and its 200-day moving average price is $13.23.
Evoqua Water Technologies (NYSE:AQUA) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.07). The firm had revenue of $360.30 million for the quarter, compared to the consensus estimate of $359.07 million. The firm’s quarterly revenue was up 5.2 per cent on a year-over-year basis. During the same quarter last year, the company posted $0.08 earnings per share.
Several institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp increased its position in shares of Evoqua Water Technologies by 14.7 per cent during the 4th quarter. Bank of New York Mellon Corp now owns 272,752 shares of the company’s stock valued at $2,618,000 after purchasing an additional 34,907 shares during the last quarter.
Dimensional Fund Advisors LP purchased a new stake in Evoqua Water Technologies in the 4th quarter worth approximately $1,214,000. Stifel Financial Corp increased its holdings in Evoqua Water Technologies by 46.6 per cent in the 4th quarter. Stifel Financial Corp now owns 42,317 shares of the company’s stock worth $409,000 after acquiring an additional 13,459 shares in the last quarter. Geode Capital Management LLC increased its holdings in Evoqua Water Technologies by 6.6 per cent in the 4th quarter.
Geode Capital Management LLC now owns 675,935 shares of the company’s stock worth $6,488,000 after acquiring an additional 41,609 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Evoqua Water Technologies by 119.2 per cent during the 4th quarter. Principal Financial Group Inc. now owns 116,906 shares of the company’s stock valued at $1,122,000 after buying an additional 63,578 shares in the last quarter.