AquaVenture (NYSE:WAAS) has been given a $30.00 price objective by research analysts at JMP Securities in a note issued to investors on Thursday. The firm currently has a “buy” rating on the stock. JMP Securities’ target price suggests a potential upside of 63.67% from the stock’s previous close.
WAAS has been the subject of several other reports. TheStreet upgraded AquaVenture from a “d” rating to a “c-” rating in a research report on Monday, August 20th. Raymond James cut AquaVenture from a “strong-buy” rating to an “outperform” rating and set a $22.00 price target for the company. in a research report on Tuesday, October 2nd. Zacks Investment Research cut AquaVenture from a “buy” rating to a “hold” rating in a research report on Thursday, September 6th. Citigroup set a $23.00 price target on AquaVenture and gave the company a “buy” rating in a research report on Monday, November 5th. Finally, Royal Bank of Canada lifted their price target on AquaVenture from $21.00 to $22.00 and gave the company an “outperform” rating in a research report on Monday, November 5th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $24.25.
Shares of NYSE:WAAS opened at $18.33 on Thursday. AquaVenture has a 52-week low of $11.83 and a 52-week high of $20.49. The stock has a market capitalization of $515.93 million, a PE ratio of -18.70 and a beta of 1.03. The company has a debt-to-equity ratio of 0.49, a current ratio of 6.17 and a quick ratio of 5.74.
A number of hedge funds have recently made changes to their positions in the stock. FMR LLC raised its position in AquaVenture by 76.8% during the third quarter. FMR LLC now owns 27,629 shares of the company’s stock valued at $499,000 after acquiring an additional 12,001 shares in the last quarter. BlackRock Inc. grew its holdings in AquaVenture by 1.4% in the third quarter. BlackRock Inc. now owns 449,484 shares of the company’s stock valued at $8,122,000 after purchasing an additional 6,371 shares during the period. Monarch Partners Asset Management LLC acquired a new stake in AquaVenture in the third quarter valued at approximately $735,000. Perella Weinberg Partners Capital Management LP grew its holdings in AquaVenture by 58.4% in the third quarter. Perella Weinberg Partners Capital Management LP now owns 64,832 shares of the company’s stock valued at $1,172,000 after purchasing an additional 23,906 shares during the period. Finally, Mycio Wealth Partners LLC acquired a new stake in AquaVenture in the third quarter valued at approximately $280,000. Institutional investors own 35.14% of the company’s stock.
AquaVenture Company Profile
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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