ValuEngine Downgrades AquaVenture (WAAS) to Sell

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

A number of other research analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of AquaVenture from a “hold” rating to a “sell” rating in a research report on Saturday, January 6th. BidaskClub raised shares of AquaVenture from a “sell” rating to a “hold” rating in a research report on Wednesday, November 15th. Royal Bank of Canada reissued a “buy” rating and set a $19.00 target price on shares of AquaVenture in a research report on Wednesday, October 11th. Finally, Citigroup reissued a “buy” rating and set a $21.00 target price (down from $24.00) on shares of AquaVenture in a research report on Monday, October 9th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and two have given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $22.00.

Shares of AquaVenture (NYSE WAAS) opened at $14.22 on Friday. AquaVenture has a 52-week low of $10.87 and a 52-week high of $20.67. 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 (NYSE:WAAS) last issued its quarterly earnings data on Thursday, November 9th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.23) by ($0.06). AquaVenture had a negative return on equity of 7.38% and a negative net margin of 22.56%. The firm had revenue of $29.90 million during the quarter, compared to the consensus estimate of $30.63 million. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. sell-side analysts expect that AquaVenture will post -0.97 EPS for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in the company. Mycio Wealth Partners LLC bought a new position in shares of AquaVenture during the 4th quarter valued at approximately $461,000. DnB Asset Management AS grew its position in shares of AquaVenture by 11.5% during the 4th quarter. DnB Asset Management AS now owns 37,110 shares of the company’s stock valued at $576,000 after acquiring an additional 3,830 shares during the period. Highbridge Capital Management LLC grew its position in shares of AquaVenture by 32.6% during the 3rd quarter. Highbridge Capital Management LLC now owns 21,646 shares of the company’s stock valued at $292,000 after acquiring an additional 5,325 shares during the period. Elk Creek Partners LLC grew its position in shares of AquaVenture by 2.2% during the 3rd quarter. Elk Creek Partners LLC now owns 546,701 shares of the company’s stock valued at $7,380,000 after acquiring an additional 11,896 shares during the period. Finally, Schwab Charles Investment Management Inc. grew its position in shares of AquaVenture by 57.0% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 54,978 shares of the company’s stock valued at $743,000 after acquiring an additional 19,953 shares during the period. 36.79% of the stock is owned by hedge funds and other institutional investors.

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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)

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