Cowen cut shares of Evoqua Water Technologies (NYSE:AQUA) from an outperform rating to a market perform rating in a research report sent to investors on Wednesday morning, The Fly reports.
A number of other research analysts also recently commented on the company. Raymond James upgraded Evoqua Water Technologies from an outperform rating to a strong-buy rating and set a $26.00 target price on the stock in a research note on Tuesday, October 2nd. Berenberg Bank initiated coverage on Evoqua Water Technologies in a research note on Wednesday, October 3rd. They issued a hold rating and a $19.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Evoqua Water Technologies presently has an average rating of Buy and a consensus target price of $21.89.
Shares of NYSE AQUA opened at $9.97 on Wednesday. Evoqua Water Technologies has a one year low of $8.60 and a one year high of $25.36.
Evoqua Water Technologies (NYSE:AQUA) last issued its earnings results on Tuesday, August 7th. The company reported $0.19 EPS for the quarter, meeting analysts’ consensus estimates of $0.19. Evoqua Water Technologies had a negative return on equity of 5.33% and a negative net margin of 1.01%. The firm had revenue of $342.48 million for the quarter, compared to the consensus estimate of $342.99 million.
Several institutional investors and hedge funds have recently added to or reduced their stakes in AQUA. Northern Trust Corp boosted its stake in shares of Evoqua Water Technologies by 62.1% during the 1st quarter. Northern Trust Corp now owns 539,394 shares of the company’s stock worth $11,484,000 after acquiring an additional 206,556 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Evoqua Water Technologies by 73.5% during the 1st quarter. The Manufacturers Life Insurance Company now owns 40,991 shares of the company’s stock worth $873,000 after acquiring an additional 17,369 shares in the last quarter. Barclays PLC boosted its stake in shares of Evoqua Water Technologies by 79.9% during the 1st quarter. Barclays PLC now owns 13,653 shares of the company’s stock worth $291,000 after acquiring an additional 6,062 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Evoqua Water Technologies during the 1st quarter worth about $456,000. Finally, California State Teachers Retirement System boosted its stake in shares of Evoqua Water Technologies by 48.9% during the 1st quarter. California State Teachers Retirement System now owns 75,758 shares of the company’s stock worth $1,613,000 after acquiring an additional 24,877 shares in the last quarter.
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 through three segments: Industrial, Municipal, and Products. The Industrial segment provides capital systems and related recurring aftermarket services, parts, and consumables for treating industrial process water, utility water, and wastewater.
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