AquaVenture (NYSE:WAAS) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.

Several other equities research analysts have also commented on the company. Deutsche Bank restated a “buy” rating and issued a $25.00 price objective (down from $27.00) on shares of AquaVenture in a research note on Thursday, August 10th. Citigroup restated a “buy” rating and issued a $21.00 price objective (down from $24.00) on shares of AquaVenture in a research note on Monday, October 9th. BidaskClub lowered AquaVenture from a “hold” rating to a “sell” rating in a research note on Wednesday, September 13th. Zacks Investment Research upgraded AquaVenture from a “sell” rating to a “hold” rating in a research note on Wednesday, November 15th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $19.00 price objective on shares of AquaVenture in a research note on Wednesday, October 11th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. AquaVenture presently has an average rating of “Buy” and a consensus target price of $22.00.

Shares of AquaVenture (NYSE WAAS) traded down $0.04 on Friday, reaching $15.29. 82,740 shares of the company’s stock were exchanged, compared to its average volume of 113,099. The company has a quick ratio of 5.60, a current ratio of 5.94 and a debt-to-equity ratio of 0.47. AquaVenture has a 1-year low of $10.87 and a 1-year high of $26.33.

AquaVenture (NYSE:WAAS) last announced its earnings results on Thursday, November 9th. The company reported ($0.29) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.06). The company had revenue of $29.90 million for the quarter, compared to analysts’ expectations of $30.63 million. AquaVenture had a negative net margin of 22.56% and a negative return on equity of 7.38%. The company’s revenue was up 3.5% on a year-over-year basis. sell-side analysts expect that AquaVenture will post -0.97 earnings per share for the current year.

In other news, CEO Douglas R. Brown bought 14,018 shares of the company’s stock in a transaction that occurred on Friday, September 22nd. The stock was bought at an average price of $14.36 per share, with a total value of $201,298.48. Following the acquisition, the chief executive officer now owns 1,484,042 shares of the company’s stock, valued at approximately $21,310,843.12. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 55.90% of the company’s stock.

Several large investors have recently made changes to their positions in WAAS. FMR LLC bought a new position in shares of AquaVenture in the 4th quarter valued at about $36,753,000. Ecofin Ltd. bought a new position in shares of AquaVenture in the 4th quarter valued at about $13,631,000. Wellington Management Group LLP lifted its holdings in shares of AquaVenture by 61.2% in the 1st quarter. Wellington Management Group LLP now owns 726,511 shares of the company’s stock valued at $12,402,000 after acquiring an additional 275,899 shares during the last quarter. Elk Creek Partners LLC raised its position in AquaVenture by 65.0% in the 1st quarter. Elk Creek Partners LLC now owns 508,088 shares of the company’s stock worth $8,673,000 after purchasing an additional 200,122 shares during the period. Finally, Vanguard Group Inc. raised its position in AquaVenture by 95.1% in the 1st quarter. Vanguard Group Inc. now owns 402,808 shares of the company’s stock worth $6,876,000 after purchasing an additional 196,300 shares during the period. 36.78% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: “AquaVenture (WAAS) Upgraded at ValuEngine” was first posted by American Banking News and is the sole property of of American Banking News. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright legislation. The correct version of this news story can be read at https://www.americanbankingnews.com/2017/12/01/aquaventure-waas-upgraded-at-valuengine.html.

AquaVenture Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for AquaVenture (NYSE:WAAS)

Receive News & Ratings for AquaVenture Holdings Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AquaVenture Holdings Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.