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Energy Recovery (ERII) Stock Forecast & Price Target

$15.06
-0.35 (-2.27%)
(As of 07/17/2024 ET)

Energy Recovery - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 2 Wall Street analysts who have issued ratings for Energy Recovery in the last 12 months, the stock has a consensus rating of "Strong Buy." Out of the 2 analysts, 1 has given a buy rating, and 1 has given a strong buy rating for ERII.

Consensus Price Target

$22.50
49.40% Upside
High Forecast$24.00
Average Forecast$22.50
Low Forecast$21.00

According to the 2 analysts' twelve-month price targets for Energy Recovery, the average price target is $22.50. The highest price target for ERII is $24.00, while the lowest price target for ERII is $21.00. The average price target represents a forecasted upside of 49.40% from the current price of $15.06.

TypeCurrent Forecast
7/19/23 to 7/18/24
1 Month Ago
6/19/23 to 6/18/24
3 Months Ago
4/20/23 to 4/19/24
1 Year Ago
7/19/22 to 7/19/23
Consensus Rating
Strong Buy
Buy
Buy
Moderate Buy
Strong Buy
1 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
1 Buy rating(s)
2 Buy rating(s)
2 Buy rating(s)
2 Buy rating(s)
Hold
0 Hold rating(s)
0 Hold rating(s)
0 Hold rating(s)
1 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$22.50$25.33$25.33$28.33
Forecasted Upside49.40% Upside35.30% Upside35.30% Upside19.41% Upside
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ERII Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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ERII Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Energy Recovery Stock vs. The Competition

TypeEnergy RecoveryIndustrial Products CompaniesS&P 500
Consensus Rating Score
3.50
2.54
2.51
Consensus RatingStrong BuyModerate BuyModerate Buy
Predicted Upside49.40% Upside36.36% Upside7.90% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/9/2024Raymond James
4 of 5 stars
P. Molchanov
Subscribe to MarketBeat All Access for the recommendation accuracy rating
UpgradeOutperform ➝ Strong-Buy$21.00 ➝ $21.00+65.62%
2/28/2024Evercore ISI
2 of 5 stars
 Lower TargetOutperform ➝ Outperform$26.00 ➝ $24.00+53.85%
6/27/2023B. Riley
4 of 5 stars
 Boost Target$28.00 ➝ $32.00+18.52%
11/7/2022Fearnley Fonds
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 DowngradeBuy ➝ Hold

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 07:41 AM ET.

ERII Forecast - Frequently Asked Questions

What is Energy Recovery's forecast for 2024?

According to the research reports of 2 Wall Street equities research analysts, the average twelve-month stock price forecast for Energy Recovery is $22.50, with a high forecast of $24.00 and a low forecast of $21.00.

Should I buy or sell Energy Recovery stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Energy Recovery in the last twelve months. There is currently 1 buy rating and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "strong buy" ERII shares.

Does Energy Recovery's stock price have much upside?

According to analysts, Energy Recovery's stock has a predicted upside of 59.12% based on their 12-month stock forecasts.

Has Energy Recovery been upgraded by Wall Street analysts recently?

Over the previous 90 days, Energy Recovery's stock had 1 upgrade by analysts.

What analysts cover Energy Recovery?

Energy Recovery has been rated by research analysts at Raymond James in the past 90 days.

Do Wall Street analysts like Energy Recovery more than its competitors?

Analysts like Energy Recovery more than other "industrial products" companies. The consensus rating for Energy Recovery is Strong Buy while the average consensus rating for "industrial products" companies is Moderate Buy. Learn more on how ERII compares to other companies.


This page (NASDAQ:ERII) was last updated on 7/18/2024 by MarketBeat.com Staff

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