Is it Now Time For Investors to Consider Selling AquaVenture Holdings (WAAS) Stock? Raymond James Downgrades The Company

October 2, 2018 - By Dolores Ford

AquaVenture Holdings (WAAS) Receives a Downgrade

In a report released on Tuesday morning, equity analysts at Raymond James’s equities division decreased shares of AquaVenture Holdings (WAAS) stock from their previous “Strong Buy” rating to a “Outperform”. They now have a $22 target on WAAS or a 25.64 % upside.

AquaVenture Holdings Limited (NYSE:WAAS) Ratings Coverage

Among 5 analysts covering AquaVenture Holdings (WAAS), 5 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. AquaVenture Holdings has $29 highest and $2200 lowest target. $24’s average target is 37.06% above currents $17.51 stock price. AquaVenture Holdings had 6 analyst reports since April 18, 2018 according to SRatingsIntel. On Thursday, May 17 the stock rating was initiated by FBR Capital with “Buy”. The firm earned “Buy” rating on Wednesday, April 18 by JMP Securities. JMP Securities maintained the shares of WAAS in report on Thursday, August 9 with “Market Outperform” rating. The stock of AquaVenture Holdings Limited (NYSE:WAAS) has “Buy” rating given on Sunday, May 6 by Canaccord Genuity.

The stock decreased 3.10% or $0.56 during the last trading session, reaching $17.51. About 68,142 shares traded. AquaVenture Holdings Limited (WAAS) has risen 14.83% since October 2, 2017 and is uptrending. It has underperformed by 0.79% the S&P500.

Analysts await AquaVenture Holdings Limited (NYSE:WAAS) to report earnings on November, 8. They expect $-0.21 earnings per share, up 27.59 % or $0.08 from last year’s $-0.29 per share. After $-0.19 actual earnings per share reported by AquaVenture Holdings Limited for the previous quarter, Wall Street now forecasts 10.53 % negative EPS growth.

AquaVenture Holdings Limited provides water-as-a-service solutions in North America, the Caribbean, South America, and the Middle East. The company has market cap of $465.43 million. It offers point-of-use filtered water systems and related services to approximately 40,000 institutional and commercial customers; and desalination and wastewater treatment solutions to governmental, municipal, industrial, and hospitality customers. It currently has negative earnings.

More news for AquaVenture Holdings Limited (NYSE:WAAS) were recently published by: Prnewswire.com, which released: “AquaVenture Holdings Limited to Participate at Upcoming Investor Conferences” on September 20, 2018. Seekingalpha.com‘s article titled: “AquaVenture Holdings extends long-stop date on Ghanaian acquisition” and published on September 25, 2018 is yet another important article.

AquaVenture Holdings Limited (NYSE:WAAS) Ratings Chart

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