AquaVenture Holdings Ltd (NYSE:WAAS) Receives $26.06 Average Target Price from Analysts

Shares of AquaVenture Holdings Ltd (NYSE:WAAS) have earned a consensus recommendation of “Hold” from the nine brokerages that are currently covering the firm, MarketBeat.com reports. Seven analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $26.06.

A number of brokerages have issued reports on WAAS. Raymond James cut shares of AquaVenture from an “outperform” rating to a “market perform” rating in a report on Tuesday, December 24th. Royal Bank of Canada downgraded AquaVenture from an “outperform” rating to a “sector perform” rating and set a $27.10 target price for the company. in a research note on Tuesday, December 24th. ValuEngine downgraded AquaVenture from a “buy” rating to a “hold” rating in a research note on Friday, January 3rd. Zacks Investment Research upgraded 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, Lake Street Capital downgraded AquaVenture from a “buy” rating to a “hold” rating in a research note on Tuesday, December 24th.

Several institutional investors and hedge funds have recently added to or reduced their stakes in WAAS. JPMorgan Chase & Co. grew its stake in shares of AquaVenture by 23.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,273 shares of the company’s stock valued at $66,000 after purchasing an additional 613 shares during the period. Conestoga Capital Advisors LLC increased its position in AquaVenture by 4.1% during the third quarter. Conestoga Capital Advisors LLC now owns 16,370 shares of the company’s stock worth $318,000 after buying an additional 650 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in AquaVenture by 111.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,645 shares of the company’s stock worth $32,000 after buying an additional 867 shares during the last quarter. Swiss National Bank raised its stake in AquaVenture by 5.7% in the second quarter. Swiss National Bank now owns 22,400 shares of the company’s stock valued at $447,000 after buying an additional 1,200 shares during the period. Finally, Rhumbline Advisers raised its stake in AquaVenture by 14.4% in the third quarter. Rhumbline Advisers now owns 18,324 shares of the company’s stock valued at $356,000 after buying an additional 2,307 shares during the period. 46.77% of the stock is currently owned by institutional investors.

Shares of AquaVenture stock opened at $27.02 on Friday. The stock’s fifty day moving average is $23.54 and its two-hundred day moving average is $20.00. The company has a market capitalization of $857.29 million, a PE ratio of -34.64 and a beta of 1.04. The company has a quick ratio of 3.64, a current ratio of 4.09 and a debt-to-equity ratio of 0.79. AquaVenture has a 52 week low of $16.08 and a 52 week high of $27.78.

AquaVenture (NYSE:WAAS) last issued its earnings results on Wednesday, November 6th. The company reported ($0.13) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.20) by $0.07. AquaVenture had a negative return on equity of 5.64% and a negative net margin of 10.28%. The business had revenue of $52.90 million during the quarter, compared to analysts’ expectations of $49.13 million. During the same period in the prior year, the business earned ($0.10) EPS. The business’s revenue for the quarter was up 43.8% compared to the same quarter last year. As a group, research analysts anticipate that AquaVenture will post -0.64 earnings per share for the current year.

AquaVenture Company Profile

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.

Further Reading: Initial Coin Offering (ICO)

Analyst Recommendations for AquaVenture (NYSE:WAAS)

Receive News & Ratings for AquaVenture Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AquaVenture and related companies with MarketBeat.com's FREE daily email newsletter.