On Jan. 04, Webster Anthony divested U.S. $3,034,382 in shares of Evoqua Water Technologies Corp.. The EVP, CHRO sold 112,500 shares at a price per share of $26.97. The transaction decreased this specific insider’s holdings to 76,942 shares worth around $2.2 million at present.
Robert W. Baird took its Evoqua Water Technologies Corp. [AQUA] rating to the equivalent of an Outperform from a Neutral, and the price target to $31 from $30, in a research note dated December 16, 2020. That figure represents around a 7.77% premium from where the company’s shares closed on Wednesday. Other analysts also revised their coverage, with Robert W. Baird’s analysts upgrading the shares from “a Neutral” rating to “an Outperform” rating in a research note to investors issued in mid December. Meanwhile, Goldman had raised its rating on AQUA to “Buy” from the earlier “Neutral”, in a research note produced for clients April 08, 2020. In addition, there was a new coverage from Jefferies on January 15, 2020. The research firm rated AQUA “a Hold”.
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Is Evoqua Water Technologies Corp. [NYSE:AQUA] a Good Buy Right Now?
It should be noted that AQUA technical indicators for short, intermediate as well as long term progress have placed an overall average of 100% as Buy. The average signal changed from 100% Buy in the last week and compares with 80% Buy in the past month. Data from Evoqua Water Technologies Corp.’s Trend Spotter indicated that the signals were Strongest. The stock current average is 1.18 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 1.02 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 0.82 million shares.
AQUA Price Performance
On Wall Street, Evoqua Water Technologies Corp. [NYSE:AQUA] finished Wednesday’s session up 5.81% at $28.59. The stock went up to $28.98 at the same session while its lowest single day price was $27.4623. In the last five days, it saw a rise of about 9.08%, Evoqua Water Technologies Corp. shares gained by almost 5.97% since the beginning of the year. However, the share price has dropped to as low as 0.74% below its one year high. On 01/06/21, the company shares recorded $28.98, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/04/21, the same year at $25.82. The company’s shares have inclined by 54.96% in the past year. The 50-day SMA achieved is $25.43 while the 200-day SMA is $20.28. Volume gained to 0.91 million from 0.55 million in the previous session.
Evoqua Water Technologies Corp. [AQUA] Valuation Measures
Notably, Evoqua Water Technologies Corp. [AQUA] stock cannot be classified as a good candidate in the listing of underestimated low-priced Pollution & Treatment Controls companies to purchase soonest possible with the prevailing 12-month PE ratio of 30.48. The measure means the stock is exchanging at a premium as compared to the 25.67x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 2.33 PS value ratio is reported for the last one year of reported earnings. That is higher than the industry average of 1.34 which means AQUA serve an unattractive investment opportunity compared to its competitors.
AQUA Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 27.71 level, and in case of violation of this particular level, it will cause more drop to 26.83 level. On the upper level, 29.86 is still the key resistance. The stock may increase to the subsequent resistance at 29.23. The Relative Strength Index (RSI) pinned on the 14-day chart is 66.25, implying a neutral technical stance while the MACD stands at 0.91, meaning price will decrease in the next trading period. Percent R indicator moved to 7.93%, implying bullish price movement. Stochastic %K at 84.28% suggest selling the stock.
What is the short interest in Evoqua Water Technologies Corp.?
Short interest in the Evoqua Water Technologies Corp. stock has plunged, decreasing by -0.23 million shares to total 1.83 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 1.6 million, data from Yahoo Finance shows. The increase of 12.57% suggests the stock saw some increased bearish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 2.24% of the overall float for the stock.
Evoqua Water Technologies Corp.’s Biggest Shareholders: Who Owns Evoqua Water Technologies Corp. [AQUA]?
Filings by The Vanguard Group, Inc. showed that the firm now holds a total of 7,922,668 shares or roughly 6.70% of the outstanding AQUA shares. This means their shares have increased by 708,801 from the 7,922,668 the investor reportedly held in its prior 13-F filing. With the conclusion of the purchase, Temasek Holdings Pte Ltd. updated stake is worth $157,523,723. Details in the latest 13F filings reveal that BlackRock Fund Advisors acquired their 6.65% stake valued at $149,374,434 while BC Investment Management Corp. cut theirs at $113,924,177. During the last quarter, BlackRock Fund Advisors raised 356,867 of its shares in Evoqua Water Technologies Corp. while BC Investment Management Corp. sold -1,415,384 shares. The P2 Capital Partners LLC’s holdings currently number 4,343,022 shares at $124166998.98. According to the firm’s last 13F report, Invesco Advisers, Inc. shares in the company at filing stood at 4,141,284 shares, roughly $108,046,100.
AQUA Earnings Forecast For The Current Quarter
Evoqua Water Technologies Corp. [AQUA] is expected to report weak earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $322.99M and an earnings per share of $0.03 for Dec 2020. Looking further ahead, the company is expected to report revenue of $354.59M at an EPS of $0.13 for Mar 2021. The estimates represent upside of 4.40% and 17.62% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
AQUA Earnings Estimates For The Current Year
For the financial year, Evoqua Water Technologies Corp. [NYSE:AQUA] is expected to bring in revenue of $1.45B. The returns are nearly $20.0 million higher than the company’s actual revenue recorded in the fiscal year 2020. In terms of EPS for the 2021, estimate put it at 0.65, lower than that of FY20 by -$0.02. Estimates put this year’s earnings growth at -3.00%, 16.90% for the next, and at an annual 11.54% over the next 5-year period. As for sales, forecasts are for an increase of 1.80% in the current fiscal year and a further 4.40% over the following year.
What are analyst thoughts on Evoqua Water Technologies Corp.?
Looking forward to the Evoqua Water Technologies Corp. share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for Evoqua Water Technologies Corp. stock at $29.00 within the next 12 months, which represents almost 1.41 per cent growth from its previous closing price of $28.59. The highest analysts’ target for Evoqua Water Technologies Corp. stock projections is $33.00 and the lowest one is $18.00. Still, 11 analysts sharing their consensus rating for AQUA stock in 2021 agree that it is an Overweight.