RBC Capital Sticks to Their Buy Rating for Aquaventure Holdings LLC (WAAS)


In a report released yesterday, Deane Dray from RBC Capital reiterated a Buy rating on Aquaventure Holdings LLC (NYSE: WAAS), with a price target of $20. The company’s shares closed yesterday at $16.68, close to its 52-week high of $17.70.

According to TipRanks.com, Dray is a 4-star analyst with an average return of 5.6% and a 60.2% success rate. Dray covers the Industrial Goods sector, focusing on stocks such as Atkore International Group Inc, Gates Industrial Corp Plc, and Emerson Electric Company.

Currently, the analyst consensus on Aquaventure Holdings LLC is a Moderate Buy with an average price target of $21.

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Based on Aquaventure Holdings LLC’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $4.92 million. In comparison, last year the company had a GAAP net loss of $5.53 million.

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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.

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