Brokerages Set AquaVenture Holdings Ltd. (WAAS) PT at $22.00
AquaVenture Holdings Ltd. (NYSE:WAAS) has received an average rating of “Buy” from the eight analysts that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $22.00.
A number of analysts have commented on the company. Deutsche Bank AG restated a “buy” rating and issued a $25.00 price target (down previously from $27.00) on shares of AquaVenture Holdings in a research report on Thursday, August 10th. Canaccord Genuity restated a “buy” rating and issued a $23.00 price target (down previously from $28.00) on shares of AquaVenture Holdings in a research report on Thursday, August 10th. Zacks Investment Research upgraded AquaVenture Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, November 15th. BidaskClub upgraded AquaVenture Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, November 15th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $19.00 price target on shares of AquaVenture Holdings in a research report on Wednesday, October 11th.
In related news, CEO Douglas R. Brown purchased 14,018 shares of AquaVenture Holdings stock in a transaction on Friday, September 22nd. The stock was acquired at an average price of $14.36 per share, for a total transaction of $201,298.48. Following the completion of the transaction, the chief executive officer now directly owns 1,484,042 shares in the company, valued at approximately $21,310,843.12. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 55.90% of the company’s stock.
Shares of AquaVenture Holdings (NYSE:WAAS) traded up $0.15 on Monday, reaching $15.58. The company’s stock had a trading volume of 73,800 shares, compared to its average volume of 114,115. The company has a debt-to-equity ratio of 0.47, a current ratio of 5.94 and a quick ratio of 5.60. AquaVenture Holdings has a fifty-two week low of $10.87 and a fifty-two week high of $26.33.
AquaVenture Holdings (NYSE:WAAS) last issued its quarterly earnings results on Thursday, November 9th. The company reported ($0.29) EPS for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.06). The company had revenue of $29.90 million during the quarter, compared to analysts’ expectations of $30.63 million. AquaVenture Holdings had a negative return on equity of 7.38% and a negative net margin of 22.56%. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. research analysts anticipate that AquaVenture Holdings will post -0.97 earnings per share for the current fiscal year.
About AquaVenture Holdings
AquaVenture Holdings Limited is a multinational provider of Water-as-a-Service solutions. The Company’s segments are Seven Seas Water and Quench. The Seven Seas Water segment provides outsourced desalination solutions and wastewater treatment for governmental, municipal, industrial and hospitality customers.
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