Canaccord Genuity Lowers H2O Innovation (CVE:HEO) Price Target to C$1.50

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H2O Innovation (CVE:HEO) had its target price decreased by stock analysts at Canaccord Genuity from C$1.60 to C$1.50 in a report released on Thursday, BayStreet.CA reports. Canaccord Genuity’s price objective suggests a potential upside of 41.51% from the stock’s previous close.

Shares of HEO opened at C$1.06 on Thursday. The company has a current ratio of 1.39, a quick ratio of 1.13 and a debt-to-equity ratio of 46.55. H2O Innovation has a 1 year low of C$0.78 and a 1 year high of C$1.31. The stock has a market cap of $81.49 million and a P/E ratio of -19.27. The stock’s 50-day moving average price is C$0.99 and its two-hundred day moving average price is C$1.10.

H2O Innovation (CVE:HEO) last issued its earnings results on Wednesday, November 13th. The company reported C($0.02) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of C($0.02). The company had revenue of C$28.22 million for the quarter, compared to the consensus estimate of C$30.15 million. As a group, equities analysts forecast that H2O Innovation will post 0.05 EPS for the current year.

H2O Innovation Company Profile

H2O Innovation Inc provides integrated water treatment solutions based on membrane filtration technology in Canada, the United States, Spain, China, the United Arab Emirates, Mexico, France, Egypt, and internationally. It designs, manufactures, and markets systems and equipment for the production of drinking water and industrial process water, reclamation and reuse of water, and desalination of seawater and treatment of wastewater.

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