Is Energy Recovery Stock a good buy in 2023, according to Wall Street analysts?
The consensus among 2 Wall Street analysts covering (NASDAQ: ERII) stock is to Strong Buy ERII stock.
Out of 2 analysts, 1 (50%) are recommending ERII as a Strong Buy, 1 (50%) are recommending ERII as a Buy, 0 (0%) are recommending ERII as a Hold, 0 (0%) are recommending ERII as a Sell, and 0 (0%) are recommending ERII as a Strong Sell.
What is ERII's forecast return on equity (ROE) for 2023-2023?
(NASDAQ: ERII) forecast ROE is 17.07%, which is considered weak.
What is ERII's Price Target?
According to 2 Wall Street analysts that have issued a 1 year ERII price target, the average ERII price target is $30.00, with the highest ERII stock price forecast at $32.00 and the lowest ERII stock price forecast at $28.00.
On average, Wall Street analysts predict that Energy Recovery's share price could reach $30.00 by Aug 3, 2024. The average Energy Recovery stock price prediction forecasts a potential upside of 44.02% from the current ERII share price of $20.83.
What is ERII's forecast return on assets (ROA) for 2023-2023?
(NASDAQ: ERII) forecast ROA is 14.8%, which is higher than the forecast US Pollution & Treatment Controls industry average of 6.94%.
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