JMP Securities Analysts Give AquaVenture (WAAS) a $30.00 Price Target

AquaVenture (NYSE:WAAS) has been given a $30.00 price objective by JMP Securities in a research note issued on Thursday. The brokerage currently has a “buy” rating on the stock. JMP Securities’ price target points to a potential upside of 54.56% from the company’s previous close.

A number of other brokerages also recently commented on WAAS. TheStreet upgraded AquaVenture from a “d” rating to a “c-” rating in a research note on Monday, August 20th. Raymond James downgraded AquaVenture from a “strong-buy” rating to an “outperform” rating and set a $22.00 price target for the company. in a research note on Tuesday, October 2nd. Royal Bank of Canada upped their price target on AquaVenture from $21.00 to $22.00 and gave the stock an “outperform” rating in a research note on Monday. Citigroup set a $23.00 price target on AquaVenture and gave the stock a “buy” rating in a research note on Monday. Finally, Zacks Investment Research downgraded AquaVenture from a “buy” rating to a “hold” rating in a research note on Thursday, September 6th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $23.63.

Shares of NYSE WAAS opened at $19.41 on Thursday. The company has a current ratio of 6.17, a quick ratio of 5.74 and a debt-to-equity ratio of 0.49. AquaVenture has a one year low of $11.83 and a one year high of $20.49. The stock has a market capitalization of $455.33 million, a price-to-earnings ratio of -19.81 and a beta of 1.03.

AquaVenture (NYSE:WAAS) last issued its earnings results on Wednesday, November 7th. The company reported ($0.10) EPS for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.11. AquaVenture had a negative return on equity of 7.34% and a negative net margin of 19.75%. The firm had revenue of $36.80 million for the quarter, compared to the consensus estimate of $34.10 million. During the same quarter in the previous year, the company posted ($0.28) earnings per share. The business’s quarterly revenue was up 23.5% compared to the same quarter last year. On average, equities research analysts anticipate that AquaVenture will post -0.83 EPS for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Monarch Partners Asset Management LLC bought a new stake in shares of AquaVenture during the third quarter worth approximately $735,000. Perella Weinberg Partners Capital Management LP boosted its holdings in shares of AquaVenture by 58.4% during the third quarter. Perella Weinberg Partners Capital Management LP now owns 64,832 shares of the company’s stock worth $1,172,000 after acquiring an additional 23,906 shares during the period. Mycio Wealth Partners LLC bought a new stake in shares of AquaVenture during the third quarter worth approximately $280,000. First Trust Advisors LP bought a new stake in shares of AquaVenture during the third quarter worth approximately $4,421,000. Finally, Handelsbanken Fonder AB boosted its holdings in shares of AquaVenture by 135.6% during the third quarter. Handelsbanken Fonder AB now owns 450,000 shares of the company’s stock worth $8,132,000 after acquiring an additional 259,018 shares during the period. Institutional investors own 35.14% of the company’s stock.

About AquaVenture

AquaVenture Holdings Ltd. engages in the provision of water purification services. It operates through Seven Seas Water and Quench segments. The Seven Seas Water segment delivers treated bulk water to governmental, municipal, industrial, and hospitality customers. The Quench segment focuses in the rental and servicing of POU water filtration systems and related equipment, such as ice and sparkling water machines, and from the contracted maintenance of customer-owned equipment.

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Analyst Recommendations for AquaVenture (NYSE:WAAS)

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