ValuEngine cut shares of AquaVenture (NYSE:WAAS) from a buy rating to a hold rating in a report issued on Tuesday morning, ValuEngine reports.

Several other research firms have also commented on WAAS. Zacks Investment Research raised shares of AquaVenture from a hold rating to a strong-buy rating and set a $23.00 price objective for the company in a research note on Wednesday, September 18th. Royal Bank of Canada reiterated a buy rating and issued a $23.00 price target on shares of AquaVenture in a research note on Sunday, August 11th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. AquaVenture has an average rating of Buy and an average target price of $26.33.

Shares of NYSE WAAS opened at $22.22 on Tuesday. The stock has a fifty day simple moving average of $20.61 and a 200-day simple moving average of $18.98. AquaVenture has a twelve month low of $16.08 and a twelve month high of $23.35. The company has a current ratio of 4.09, a quick ratio of 3.64 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $706.53 million, a PE ratio of -28.49 and a beta of 0.96.

AquaVenture (NYSE:WAAS) last announced its earnings results on Wednesday, November 6th. The company reported ($0.13) EPS for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.07. The company had revenue of $52.90 million during the quarter, compared to analysts’ expectations of $49.13 million. AquaVenture had a negative return on equity of 5.64% and a negative net margin of 10.28%. AquaVenture’s revenue for the quarter was up 43.8% on a year-over-year basis. During the same period last year, the business posted ($0.10) EPS. On average, equities analysts predict that AquaVenture will post -0.64 earnings per share for the current year.

Several hedge funds have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in AquaVenture by 111.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,645 shares of the company’s stock valued at $32,000 after purchasing an additional 867 shares during the last quarter. Tower Research Capital LLC TRC acquired a new position in AquaVenture in the third quarter valued at $57,000. JPMorgan Chase & Co. increased its stake in AquaVenture by 23.0% in the second quarter. JPMorgan Chase & Co. now owns 3,273 shares of the company’s stock valued at $66,000 after purchasing an additional 613 shares during the period. Tortoise Capital Advisors L.L.C. raised its holdings in shares of AquaVenture by 1,776.7% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 4,185 shares of the company’s stock valued at $84,000 after buying an additional 3,962 shares during the last quarter. Finally, Quest Capital Management Inc. ADV purchased a new stake in shares of AquaVenture in the third quarter valued at about $127,000. 44.55% of the stock is owned by institutional investors and hedge funds.

AquaVenture Company Profile

AquaVenture Holdings Limited provides water-as-a-service solutions in North America, the Caribbean, and South America. The company operates in two segments, Seven Seas Water and Quench. It offers desalination, wastewater treatment, and water reuse solutions to governmental, municipal, industrial, property developer, and hospitality customers; and point-of-use (POU) filtered water systems and related services to approximately 50,000 institutional and commercial customers.

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Analyst Recommendations for AquaVenture (NYSE:WAAS)

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