.png "Energy Recovery (NASDAQ: ERII)")
In a report released yesterday, James West from Evercore ISI maintained a Buy rating on Energy Recovery (ERII), with a price target of $18. The company’s shares opened today at $9.86.
West wrote:
“We are decreasing our 2019 and 2020 EBITDA estimates to $11.4 million and $39.8 million from $17.9 million and $45.5 million respectively to reflect higher opex expenses than we were previously modeling due to the manufacturing expansion. Recovery, Inc.”
According to TipRanks.com, West is ranked #5042 out of 5229 analysts.
Currently, the analyst consensus on Energy Recovery is a Moderate Buy with an average price target of $16.50, which is a 67.3% upside from current levels. In a report released yesterday, B.Riley FBR also maintained a Buy rating on the stock with a $15 price target.
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Energy Recovery’s market cap is currently $537M and has a P/E ratio of 40.16. The company has a Price to Book ratio of 4.21.
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Energy Recovery, Inc. engineers, designs, manufactures and supplies solutions for industrial fluid flow processes. It operates through Water; and Oil & Gas segments. The Water segment represents the solutions sold for use in reverse osmosis desalination.
