Jefferies Remains a Buy on Energy Recovery

By Carrie Williams

In a report issued on December 18, Laurence Alexander from Jefferies reiterated a Buy rating on Energy Recovery (NASDAQ: ERII), with a price target of $14. The company’s shares closed yesterday at $9.

According to TipRanks.com, Alexander is a top 100 analyst with an average return of 16.5% and a 71.9% success rate. Alexander covers the Consumer Goods sector, focusing on stocks such as Air Products and Chemicals, Sherwin-Williams Company, and GCP Applied Technologies.

Currently, the analyst consensus on Energy Recovery is Moderate Buy and the average price target is $17, representing an 88.9% upside.

In a report issued on December 18, B.Riley FBR also maintained a Buy rating on the stock with a $20 price target.

Energy Recovery’s market cap is currently $482.3M and has a P/E ratio of 128.57. The company has a book value ratio of 7.0653.

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Energy Recovery, Inc. engages in the provision of energy solutions to industrial fluid flow markets worldwide. It operates through Water; and Oil & Gas business segments. The Water segment represents the solutions sold for use in reverse osmosis desalination.