Raymond James Reaffirms Their Buy Rating on Evoqua Water Technologies (AQUA)


Raymond James analyst Pavel Molchanov reiterated a Buy rating on Evoqua Water Technologies (AQUA) today and set a price target of $35.00. The company’s shares closed last Wednesday at $27.51.

According to TipRanks.com, Molchanov is a 5-star analyst with an average return of 14.2% and a 59.4% success rate. Molchanov covers the Utilities sector, focusing on stocks such as Maxeon Solar Technologies, Nextera Energy Partners, and Clean Energy Fuels.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Evoqua Water Technologies with a $32.60 average price target.

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The company has a one-year high of $31.63 and a one-year low of $14.52. Currently, Evoqua Water Technologies has an average volume of 1.61M.

Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AQUA in relation to earlier this year.

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.

Evoqua Water Technologies Corp. is a holding company, which engages in the provision of water treatment solutions. It operates through the Integrated Solutions and Services and Applied Product Technologies business segments. The Integrated Solutions and Services segment focuses on engaging directly with end users. The Applied Product Technologies segment develops product platforms to be sold primarily through third party channels. The company was founded on October 7, 2013 and is headquartered in Pittsburgh, PA.

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