RBC Capital Thinks Aquaventure Holdings LLC’s Stock is Going to Recover

By Jason Carr

RBC Capital analyst Deane Dray reiterated a Buy rating on Aquaventure Holdings LLC (NYSE: WAAS) today and set a price target of $26. The company’s shares closed last Friday at $15.52, close to its 52-week low of $14.30.

According to TipRanks.com, Dray is a 4-star analyst with an average return of 3.2% and a 61.3% success rate. Dray covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Emerson Electric Company, and United Technologies Corp.

Aquaventure Holdings LLC has an analyst consensus of Strong Buy, with a price target consensus of $27.

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 137.3K.

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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.