Canaccord Genuity Reiterates a Buy Rating on Aquaventure Holdings LLC

By Carrie Williams

In a report released today, John Quealy from Canaccord Genuity reiterated a Buy rating on Aquaventure Holdings LLC (NYSE: WAAS), with a price target of $28. The company’s shares opened today at $21.67.

According to TipRanks.com, Quealy is a 4-star analyst with an average return of 5.1% and a 50.0% success rate. Quealy covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Darling Ingredients, and Lsi Industries Inc.

Aquaventure Holdings LLC has an analyst consensus of Strong Buy, with a price target consensus of $28.

The company has a one year high of $24.60 and a one year low of $19.37. Currently, Aquaventure Holdings LLC has an average volume of 265.2K.

AquaVenture Holdings engages in the provision of water purification services. The company focuses on providing Water-as-a-Service with a reliable and cost-effective source of clean drinking and process water primarily under long-term contracts. It operates through two operating platforms: Seven Seas Water and Quench. The Seven Seas Water platform offers solutions that utilize reverse osmosis and other purification technologies to convert seawater or brackish water into potable high purity industrial grade and ultra-pure water in large volumes for customers operating in regions with limited access to usable water. The Quench platform generates recurring revenue from the rental and servicing of point-of-use water filtration systems and related equipment. The company was founded by Douglas R. Brown on December 14, 2006 and is headquartered in Tampa, FL.