Raymond James Issues a Downgrade for AquaVenture (WAAS) from a “Strong Buy” to “Outperform” Rating

October 2, 2018 - By Hugh Holland

AquaVenture (WAAS) Receives a Downgrade

Raymond James has cut the rating for shares of AquaVenture (WAAS) to a solid “Outperform” in a research report revealed to investors and clients on 2 October. WAAS’s previous rating by the firm was a “Strong Buy”.

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 39.45% above currents $17.21 stock price. AquaVenture Holdings had 6 analyst reports since April 18, 2018 according to SRatingsIntel. Canaccord Genuity maintained it with “Buy” rating and $2300 target in Sunday, May 6 report. The stock has “Buy” rating by JMP Securities on Wednesday, April 18. The rating was initiated by FBR Capital with “Buy” on Thursday, May 17. JMP Securities maintained it with “Market Outperform” rating and $24 target in Thursday, August 9 report.

The stock decreased 1.71% or $0.3 during the last trading session, reaching $17.21. About 73,446 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 EPS, up 27.59 % or $0.08 from last year’s $-0.29 per share. After $-0.19 actual EPS 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 $457.46 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 recent AquaVenture Holdings Limited (NYSE:WAAS) news were published by: Seekingalpha.com which released: “AquaVenture Holdings extends long-stop date on Ghanaian acquisition” on September 25, 2018. Also Benzinga.com published the news titled: “Benzinga’s Top Upgrades, Downgrades For October 2, 2018” on October 02, 2018. Prnewswire.com‘s news article titled: “AquaVenture Holdings Limited to Participate at Upcoming Investor Conferences” with publication date: September 20, 2018 was also an interesting one.

AquaVenture Holdings Limited (NYSE:WAAS) Ratings Chart

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