why Evoqua Water Technologies Corp. [AQUA] is a Good Choice for Investors After New Price Target of $23.27

Evoqua Water Technologies Corp. [NYSE: AQUA] slipped around -2.46 points on Tuesday, while shares priced at $25.90 at the close of the session, down -8.67%. The company report on November 17, 2020 that Evoqua Water Technologies Corp. to Host Earnings Call.

Evoqua Water Technologies Corp. (NYSE:AQUA) will be discussing their earnings results in their 2020 Fourth Quarter Earnings call to be held on November 17, 2020 at 10:00 AM Eastern Time.

To listen to the event live or access a replay of the call – visit https://www.investornetwork.com/event/presentation/70690.

Evoqua Water Technologies Corp. stock is now 36.68% up from its year-to-date (YTD) trading value. AQUA Stock saw the intraday high of $27.52 and lowest of $25.19 per share. The company’s 52-week high price is 28.38, which means current price is +265.56% above from all time high which was touched on 11/16/20.

Compared to the average trading volume of 609.52K shares, AQUA reached a trading volume of 1737289 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Evoqua Water Technologies Corp. [AQUA]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AQUA shares is $23.27 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AQUA stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Goldman have made an estimate for Evoqua Water Technologies Corp. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 08, 2020. While these analysts kept the previous recommendation, Jefferies raised their target price to Hold. The new note on the price target was released on January 15, 2020, representing the official price target for Evoqua Water Technologies Corp. stock. Previously, the target price had yet another raise to $16, while Citigroup analysts kept a Neutral rating on AQUA stock. On February 26, 2019, analysts increased their price target for AQUA shares from 12 to 16.

The Average True Range (ATR) for Evoqua Water Technologies Corp. is set at 1.17, with the Price to Sales ratio for AQUA stock in the period of the last 12 months amounting to 2.04. The Price to Book ratio for the last quarter was 6.78, with the Price to Cash per share for the same quarter was set at 1.24. Price to Free Cash Flow for AQUA in the course of the last twelve months was 47.52 with Quick ratio for the last quarter at 1.40.

How has AQUA stock performed recently?

Evoqua Water Technologies Corp. [AQUA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.15. With this latest performance, AQUA shares gained by 10.07% in over the last four-week period, additionally plugging by 43.49% over the last 6 months – not to mention a rise of 45.92% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AQUA stock in for the last two-week period is set at 58.11, with the RSI for the last a single of trading hit 53.85, and the three-weeks RSI is set at 57.89 for Evoqua Water Technologies Corp. [AQUA]. The present Moving Average for the last 50 days of trading for this stock 22.86, while it was recorded at 27.02 for the last single week of trading, and 19.30 for the last 200 days.

Evoqua Water Technologies Corp. [AQUA]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Evoqua Water Technologies Corp. [AQUA] shares currently have an operating margin of +5.95 and a Gross Margin at +29.94. Evoqua Water Technologies Corp.’s Net Margin is presently recorded at -0.66.

Return on Total Capital for AQUA is now 6.37, given the latest momentum, and Return on Invested Capital for the company is -0.72. Return on Equity for this stock declined to -2.64, with Return on Assets sitting at -0.56. When it comes to the capital structure of this company, Evoqua Water Technologies Corp. [AQUA] has a Total Debt to Total Equity ratio set at 275.99. Additionally, AQUA Total Debt to Total Capital is recorded at 73.40, with Total Debt to Total Assets ending up at 57.61. Long-Term Debt to Equity for the company is recorded at 267.36, with the Long-Term Debt to Total Capital now at 71.11.

Reflecting on the efficiency of the workforce at the company, Evoqua Water Technologies Corp. [AQUA] managed to generate an average of -$2,295 per employee. Receivables Turnover for the company is 4.41 with a Total Asset Turnover recorded at a value of 0.85.Evoqua Water Technologies Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.40 and a Current Ratio set at 1.90.

Earnings analysis for Evoqua Water Technologies Corp. [AQUA]

With the latest financial reports released by the company, Evoqua Water Technologies Corp. posted 0.04/share EPS, while the average EPS was predicted by analysts to be reported at 0.01/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 300.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for AQUA. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Evoqua Water Technologies Corp. go to 20.55%.

Insider trade positions for Evoqua Water Technologies Corp. [AQUA]

There are presently around $2,256 million, or 93.70% of AQUA stock, in the hands of institutional investors. The top three institutional holders of AQUA stocks are: VANGUARD GROUP INC with ownership of 8,196,976, which is approximately 9.521% of the company’s market cap and around 0.70% of the total institutional ownership; BLACKROCK INC., holding 7,335,264 shares of the stock with an approximate value of $189.98 million in AQUA stocks shares; and TEMASEK HOLDINGS (PRIVATE) LTD, currently with $156.38 million in AQUA stock with ownership of nearly 0% of the company’s market capitalization.

Positions in Evoqua Water Technologies Corp. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 106 institutional holders increased their position in Evoqua Water Technologies Corp. [NYSE:AQUA] by around 12,190,567 shares. Additionally, 62 investors decreased positions by around 4,370,400 shares, while 37 investors held positions by with 70,557,021 shares. The mentioned changes placed institutional holdings at 87,117,988 shares, according to the latest SEC report filing. AQUA stock had 24 new institutional investments in for a total of 2,510,049 shares, while 17 institutional investors sold positions of 956,792 shares during the same period.

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