Shares of AquaVenture Holdings Ltd (NYSE:WAAS) have received a consensus rating of “Buy” from the eleven analysts that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $25.14.

Several research analysts recently commented on the company. B. Riley boosted their price target on AquaVenture from $22.00 to $27.00 and gave the stock a “buy” rating in a research note on Thursday. JMP Securities set a $30.00 price target on AquaVenture and gave the stock a “buy” rating in a research note on Thursday. Royal Bank of Canada boosted their price target on AquaVenture from $21.00 to $22.00 and gave the stock an “outperform” rating in a research note on Monday, November 5th. Citigroup set a $23.00 price target on AquaVenture and gave the stock a “buy” rating in a research note on Monday, November 5th. Finally, Raymond James lowered AquaVenture from a “strong-buy” rating to an “outperform” rating and set a $22.00 price objective for the company. in a report on Tuesday, October 2nd.

Shares of NYSE:WAAS traded down $0.98 during trading on Monday, hitting $18.33. The company’s stock had a trading volume of 72,071 shares, compared to its average volume of 83,477. The company has a debt-to-equity ratio of 0.49, a quick ratio of 5.74 and a current ratio of 6.17. AquaVenture has a fifty-two week low of $11.83 and a fifty-two week high of $20.49. The stock has a market cap of $515.93 million, a price-to-earnings ratio of -18.70 and a beta of 1.03.

AquaVenture (NYSE:WAAS) last released its quarterly earnings results on Wednesday, November 7th. The company reported ($0.10) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.21) by $0.11. AquaVenture had a negative return on equity of 6.01% and a negative net margin of 15.19%. The business had revenue of $36.80 million for the quarter, compared to analysts’ expectations of $34.10 million. During the same quarter in the previous year, the firm posted ($0.28) earnings per share. The company’s revenue was up 23.5% compared to the same quarter last year. On average, equities research analysts predict that AquaVenture will post -0.83 EPS for the current year.

A number of institutional investors have recently made changes to their positions in WAAS. Handelsbanken Fonder AB increased its holdings in AquaVenture by 135.6% in the third quarter. Handelsbanken Fonder AB now owns 450,000 shares of the company’s stock valued at $8,132,000 after buying an additional 259,018 shares during the last quarter. First Trust Advisors LP bought a new stake in AquaVenture in the third quarter valued at about $4,421,000. Millennium Management LLC increased its holdings in AquaVenture by 621.7% in the first quarter. Millennium Management LLC now owns 254,476 shares of the company’s stock valued at $3,161,000 after buying an additional 219,215 shares during the last quarter. GMT Capital Corp bought a new stake in AquaVenture in the second quarter valued at about $1,604,000. Finally, Private Capital Management LLC bought a new stake in AquaVenture in the second quarter valued at about $1,268,000. 35.14% of the stock is owned by hedge funds and other institutional investors.

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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