Evoqua Water Technologies’ (AQUA) “Hold” Rating Reiterated at Stifel Nicolaus

Evoqua Water Technologies (NYSE:AQUA)‘s stock had its “hold” rating reissued by research analysts at Stifel Nicolaus in a note issued to investors on Tuesday, MarketBeat.com reports. They presently have a $26.00 target price on the stock, up from their previous target price of $23.00. Stifel Nicolaus’ price target points to a potential upside of 7.35% from the company’s previous close.

Several other research analysts have also commented on the stock. Citigroup started coverage on shares of Evoqua Water Technologies in a report on Monday, November 27th. They issued a “buy” rating and a $26.00 price target for the company. Royal Bank of Canada started coverage on shares of Evoqua Water Technologies in a report on Monday, November 27th. They issued an “outperform” rating and a $25.00 price target for the company. Cowen started coverage on shares of Evoqua Water Technologies in a report on Tuesday, November 21st. They issued an “outperform” rating and a $24.00 price target for the company. Raymond James Financial started coverage on shares of Evoqua Water Technologies in a report on Monday, November 27th. They issued an “outperform” rating and a $25.00 price target for the company. Finally, Goldman Sachs Group started coverage on shares of Evoqua Water Technologies in a report on Monday, November 27th. They issued a “neutral” rating and a $22.00 price target for the company. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $24.50.

Evoqua Water Technologies (NYSE AQUA) traded down $0.01 during midday trading on Tuesday, hitting $24.22. 357,800 shares of the stock traded hands, compared to its average volume of 302,773. Evoqua Water Technologies has a 1-year low of $19.10 and a 1-year high of $24.85.

In other news, CEO Ronald C. Keating acquired 3,000 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were purchased at an average cost of $18.00 per share, for a total transaction of $54,000.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder British Columbia Investment Ma sold 2,815,565 shares of Evoqua Water Technologies stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $16.92, for a total transaction of $47,639,359.80. The disclosure for this sale can be found here. Insiders bought a total of 6,000 shares of company stock valued at $108,000 over the last ninety days.

Large investors have recently modified their holdings of the stock. Skylands Capital LLC bought a new stake in Evoqua Water Technologies in the 4th quarter valued at about $971,000. Schwab Charles Investment Management Inc. bought a new stake in Evoqua Water Technologies in the 4th quarter valued at about $2,825,000. Finally, Bank of Montreal Can bought a new stake in Evoqua Water Technologies in the 4th quarter valued at about $145,000.

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About Evoqua Water Technologies

Evoqua Water Technologies Corp. is focused on providing water treatment solutions. The Company is offering services, systems and technologies to support customers’ full water lifecycle needs. The Company offers a comprehensive portfolio of differentiated, proprietary technology solutions. The Company operates through three segments Industrial, Municipal and Products.

Analyst Recommendations for Evoqua Water Technologies (NYSE:AQUA)

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