Deutsche Bank Starts Aquaventure (WAAS) at Buy

October 31, 2016 6:45 AM EDT
Get Alerts WAAS Hot Sheet
Price: $20.10 +0.40%

Rating Summary:
    4 Buy, 0 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Deutsche Bank initiated coverage on Aquaventure (NYSE: WAAS) with a Buy rating and a price target of $27.

Analyst Vishal Shah said, "Aquaventure’s water as a service business model allows customers to outsource a non-core activity to water experts. We expect the company to achieve above average industry revenue and EBITDA growth due to relatively strong underlying growth prospects of the medium scale desalination as well as point-of-use water markets, strong management capability, especially in acquisitions and operating desal plants. The company has solid revenue visibility with long term contracted backlog in both business units and should trade at a premium valuation multiple relative to other low growth water stocks, in our view."

For an analyst ratings summary and ratings history on Aquaventure click here. For more ratings news on Aquaventure click here.

Shares of Aquaventure closed at $22.00 yesterday.

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