Energy Recovery Inc has a consensus price target of $22.17 based on the ratings of 6 analysts. The high is $28 issued by Fearnleys on May 9, 2023. The low is $20 issued by B. Riley Securities on November 19, 2024. The 3 most-recent analyst ratings were released by Seaport Global, Scotiabank, and B. Riley Securities on December 5, 2024, December 5, 2024, and November 19, 2024, respectively. With an average price target of $21.33 between Seaport Global, Scotiabank, and B. Riley Securities, there's an implied 40.90% upside for Energy Recovery Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Energy Recovery (NASDAQ:ERII) was reported by Seaport Global on December 5, 2024. The analyst firm set a price target for $22.00 expecting ERII to rise to within 12 months (a possible 45.31% upside). 6 analyst firms have reported ratings in the last year.
The latest analyst rating for Energy Recovery (NASDAQ:ERII) was provided by Seaport Global, and Energy Recovery initiated their buy rating.
The last upgrade for Energy Recovery Inc happened on July 9, 2024 when Raymond James raised their price target to $21. Raymond James previously had an outperform for Energy Recovery Inc.
There is no last downgrade for Energy Recovery.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Energy Recovery, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Energy Recovery was filed on December 5, 2024 so you should expect the next rating to be made available sometime around December 5, 2025.
While ratings are subjective and will change, the latest Energy Recovery (ERII) rating was a initiated with a price target of $0.00 to $22.00. The current price Energy Recovery (ERII) is trading at is $15.14, which is within the analyst’s predicted range.
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