Raymond James Thinks Evoqua Water Technologies Corp’s Stock is Going to Recover


Raymond James analyst Pavel Molchanov maintained a Buy rating on Evoqua Water Technologies Corp (NYSE: AQUA) today and set a price target of $18. The company’s shares opened today at $9.10, close to its 52-week low of $8.60.

According to TipRanks.com, Molchanov is a 4-star analyst with an average return of 2.9% and a 52.8% success rate. Molchanov covers the Basic Materials sector, focusing on stocks such as Occidental Petroleum, Kosmos Energy, and Patterson-UTI.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Evoqua Water Technologies Corp with a $18.25 average price target, a 100.5% upside from current levels. In a report released today, Citigroup also maintained a Buy rating on the stock with a $14 price target.

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The company has a one-year high of $25.36 and a one-year low of $8.60. Currently, Evoqua Water Technologies Corp has an average volume of 897.5K.

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Evoqua Water Technologies Corp. engages in water treatment solutions. It specializes in services, systems and technologies to support full water lifecycle needs of clients in the field of industrial, commercial, and municipal water treatment markets in North America.

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