Evoqua Water Technologies (NYSE:AQUA) Raised to Hold at Zacks Investment Research

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Evoqua Water Technologies (NYSE:AQUA) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a report released on Wednesday, Zacks.com reports.

According to Zacks, “Evoqua Water Technologies Corp. is a provider of mission critical water treatment solutions. The company offer services, systems and technologies to support customers’ full water lifecycle. Its operating segment consists of Industrial, Municipal and Products. Industrial Segment provides fully-integrated systems and service solutions. Municipal Segment provides engineered solutions and equipment for the treatment of wastewater, purification of drinking water and odor and corrosion control for municipalities. Products Segment sells differentiated technologies to a diverse set of water treatment system specifiers, integrators and end users globally. Evoqua Water Technologies Corp. is based in PITTSBURGH, United States. “

Several other analysts have also recently commented on the company. Credit Suisse Group increased their target price on Evoqua Water Technologies from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, August 19th. JPMorgan Chase & Co. upped their price target on Evoqua Water Technologies from $11.00 to $14.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Royal Bank of Canada reiterated a “buy” rating and issued a $16.00 price target on shares of Evoqua Water Technologies in a report on Thursday, August 8th. Finally, Raymond James raised their price objective on shares of Evoqua Water Technologies from $16.00 to $19.00 and gave the company a “strong-buy” rating in a research note on Tuesday, October 1st. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $15.86.

AQUA stock traded down $0.17 during trading on Wednesday, hitting $19.14. 56,994 shares of the stock traded hands, compared to its average volume of 625,166. The stock has a market cap of $2.17 billion, a price-to-earnings ratio of 119.63 and a beta of 1.73. Evoqua Water Technologies has a one year low of $9.04 and a one year high of $19.79. The company has a current ratio of 1.98, a quick ratio of 1.55 and a debt-to-equity ratio of 2.60. The company has a 50 day simple moving average of $17.76 and a 200 day simple moving average of $15.23.

A number of institutional investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC raised its position in shares of Evoqua Water Technologies by 1,913.0% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,013 shares of the company’s stock valued at $34,000 after buying an additional 1,913 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new position in shares of Evoqua Water Technologies during the 2nd quarter worth about $49,000. Tortoise Capital Advisors L.L.C. grew its holdings in Evoqua Water Technologies by 1,855.6% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 4,752 shares of the company’s stock valued at $68,000 after purchasing an additional 4,509 shares during the last quarter. Quest Capital Management Inc. ADV bought a new position in Evoqua Water Technologies during the 3rd quarter valued at about $113,000. Finally, Bank of Montreal Can raised its position in Evoqua Water Technologies by 301.1% in the 2nd quarter. Bank of Montreal Can now owns 8,407 shares of the company’s stock worth $120,000 after purchasing an additional 6,311 shares during the period.

Evoqua Water Technologies Company Profile

Evoqua Water Technologies Corp. provides a range of water and wastewater treatment systems and technologies, and mobile and emergency water supply solutions and services. It operates in three segments: Industrial, Municipal, and Products. The Industrial segment offers capital systems and related recurring aftermarket services, parts, and consumables, as well as long-term and short-term service contracts, and emergency services for treating industrial process water, utility water, and wastewater.

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