Consolidated Water Co. Ltd. (NASDAQ:CWCO) has received an average broker rating score of 1.00 (Strong Buy) from the two brokers that cover the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation.
Brokers have set a one year consensus price objective of $15.00 for the company and are expecting that the company will post $0.18 EPS for the current quarter, according to Zacks. Zacks has also assigned Consolidated Water an industry rank of 216 out of 265 based on the ratings given to related companies.
Several equities research analysts have issued reports on CWCO shares. TheStreet raised Consolidated Water from a “c+” rating to a “b-” rating in a report on Friday, November 24th. Roth Capital set a $15.00 price target on Consolidated Water and gave the company a “buy” rating in a report on Monday, November 13th. Finally, Zacks Investment Research raised Consolidated Water from a “sell” rating to a “hold” rating in a report on Wednesday, December 6th.
Institutional investors have recently made changes to their positions in the business. Royal Bank of Canada lifted its holdings in Consolidated Water by 21.0% during the 2nd quarter. Royal Bank of Canada now owns 8,382 shares of the utilities provider’s stock valued at $104,000 after purchasing an additional 1,452 shares during the last quarter. Alliancebernstein L.P. acquired a new stake in Consolidated Water during the 2nd quarter valued at $135,000. Essex Financial Services Inc. lifted its holdings in Consolidated Water by 186.7% during the 3rd quarter. Essex Financial Services Inc. now owns 14,159 shares of the utilities provider’s stock valued at $181,000 after purchasing an additional 9,221 shares during the last quarter. Rhumbline Advisers lifted its holdings in Consolidated Water by 4.1% during the 2nd quarter. Rhumbline Advisers now owns 16,577 shares of the utilities provider’s stock valued at $206,000 after purchasing an additional 660 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Consolidated Water by 4.3% during the 2nd quarter. Vanguard Group Inc. now owns 29,865 shares of the utilities provider’s stock valued at $371,000 after purchasing an additional 1,242 shares during the last quarter. 49.49% of the stock is owned by institutional investors and hedge funds.
Consolidated Water (CWCO) opened at $12.75 on Monday. Consolidated Water has a 52 week low of $10.00 and a 52 week high of $13.95. The firm has a market cap of $190.00, a price-to-earnings ratio of 23.18, a P/E/G ratio of 2.51 and a beta of 0.75.
Consolidated Water (NASDAQ:CWCO) last released its earnings results on Thursday, November 9th. The utilities provider reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.03). Consolidated Water had a net margin of 9.72% and a return on equity of 5.28%. The firm had revenue of $16.57 million during the quarter, compared to the consensus estimate of $15.00 million. equities analysts anticipate that Consolidated Water will post 0.54 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 3rd were issued a dividend of $0.085 per share. This is an increase from Consolidated Water’s previous quarterly dividend of $0.08. The ex-dividend date was Tuesday, January 2nd. This represents a $0.34 annualized dividend and a yield of 2.67%. Consolidated Water’s dividend payout ratio (DPR) is currently 82.93%.
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About Consolidated Water
Consolidated Water Co Ltd. develops and operates seawater desalination plants (that utilize reverse osmosis technology) and water distribution systems in areas where naturally occurring supplies of potable water are scarce or non-existent. The Company operates in three segments: retail water operations, bulk water operations and services operations.
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