In a report released yesterday, Jeff Van Sinderen from B.Riley FBR reiterated a Buy rating on Aquaventure Holdings LLC (WAAS), with a price target of $28. The company’s shares opened today at $23.20, close to its 52-week high of $23.35.
Van Sinderen wrote:
“AquaVenture Holdings (WAAS—Buy, $28 PT) reports 4Q results BMO on 2/27. We expect results that are roughly in line with or better than expectations. Regarding Seven Seas, we expect a status update on the Ghana acquisition. Recall that the long-stop date for the Ghana deal was extended to 3/31/19 on 1/2/19. the U.S. Government’s development finance institution, received approval earlier this year to provide $50M in project financing in conjunction with the Ghana deal, which reflects positively on the quality of the deal. Seven Seas is working to acquire the Ghana plant through two transactions: purchase of a subsidiary that owns 56% of the plant and purchase of the remaining 44% from another owner. The acquisition is not dependent on purchasing the 44% ownership.”
Sinderen has an average return of 38.6% when recommending Aquaventure Holdings LLC.
According to TipRanks.com, Sinderen is ranked #4203 out of 5203 analysts.
Currently, the analyst consensus on Aquaventure Holdings LLC is a Strong Buy with an average price target of $28.67.
See today’s analyst top recommended stocks >>
The company has a one-year high of $23.35 and a one-year low of $11.83. Currently, Aquaventure Holdings LLC has an average volume of 80.19K.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
