AquaVenture Holdings (NYSE:WAAS) has received an average recommendation of “Buy” from the nine analysts that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $21.83.
Several equities analysts have commented on WAAS shares. ValuEngine upgraded shares of AquaVenture from a “hold” rating to a “buy” rating in a research report on Thursday. Zacks Investment Research upgraded shares of AquaVenture from a “sell” rating to a “hold” rating in a research report on Friday, May 4th. B. Riley started coverage on shares of AquaVenture in a research report on Thursday, May 17th. They set a “buy” rating and a $22.00 price objective for the company. Royal Bank of Canada reiterated a “buy” rating and set a $18.00 price objective on shares of AquaVenture in a research report on Friday, March 30th. Finally, JMP Securities started coverage on shares of AquaVenture in a research report on Wednesday, April 18th. They set an “outperform” rating and a $22.00 price objective for the company.
AquaVenture opened at $15.98 on Tuesday, according to Marketbeat Ratings. The firm has a market cap of $407.40 million, a P/E ratio of -16.31 and a beta of 0.87. AquaVenture has a fifty-two week low of $10.87 and a fifty-two week high of $17.70. The company has a debt-to-equity ratio of 0.49, a current ratio of 6.65 and a quick ratio of 6.25.
AquaVenture (NYSE:WAAS) last posted its earnings results on Tuesday, May 8th. The company reported ($0.24) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.22) by ($0.02). The company had revenue of $32.50 million for the quarter, compared to analysts’ expectations of $31.80 million. AquaVenture had a negative net margin of 20.87% and a negative return on equity of 7.37%. The business’s revenue was up 12.5% on a year-over-year basis. During the same period in the previous year, the business posted ($0.23) earnings per share. research analysts predict that AquaVenture will post -0.88 EPS for the current year.
Several institutional investors have recently added to or reduced their stakes in WAAS. First Trust Advisors LP lifted its holdings in shares of AquaVenture by 10.0% in the 4th quarter. First Trust Advisors LP now owns 220,997 shares of the company’s stock worth $3,430,000 after acquiring an additional 20,068 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of AquaVenture by 41.4% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 30,285 shares of the company’s stock worth $470,000 after acquiring an additional 8,863 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of AquaVenture by 24.6% in the 4th quarter. Bank of New York Mellon Corp now owns 50,539 shares of the company’s stock worth $784,000 after acquiring an additional 9,967 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of AquaVenture by 3.5% in the 4th quarter. BlackRock Inc. now owns 436,484 shares of the company’s stock worth $6,775,000 after acquiring an additional 14,691 shares during the last quarter. Finally, Citadel Advisors LLC bought a new stake in shares of AquaVenture in the 4th quarter worth about $402,000. Hedge funds and other institutional investors own 32.11% of the company’s stock.
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 and wastewater treatment solutions for governmental, municipal, industrial, and hospitality customers; and point-of-use filtered water systems and related services to approximately 40,000 institutional and commercial customers.
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