Aquaventure Holdings LLC Gets a Buy Rating from Canaccord Genuity

By Austin Angelo

In a report released yesterday, 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 $17.04.

According to, Quealy is a 4-star analyst with an average return of 6.0% and a 53.2% success rate. Quealy covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Darling Ingredients, and Ceco Environmental.

Currently, the analyst consensus on Aquaventure Holdings LLC is Strong Buy and the average price target is $26.33, representing a 54.5% upside.

In a report issued on May 10, RBC Capital also reiterated a Buy rating on the stock with a $24 price target.

The company has a one year high of $26.33 and a one year low of $14.30. Currently, Aquaventure Holdings LLC has an average volume of 124.2K.

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AquaVenture Holdings Ltd. 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 the following business segments: Seven Seas Water and Quench. The Seven Seas Water segment 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 segment generates recurring revenue from the rental and servicing of point-of-use water filtration systems and related equipment. AquaVenture Holdings was founded by Douglas R. Brown on December 14, 2006 and is headquartered in Tampa, FL.