Consolidated Water Co. Ltd. (NASDAQ:CWCO) has earned a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation.
Analysts have set a twelve-month consensus price objective of $15.00 for the company and are expecting that the company will post $0.18 earnings per share for the current quarter, according to Zacks. Zacks has also given Consolidated Water an industry rank of 197 out of 265 based on the ratings given to related companies.
CWCO has been the subject of several research analyst reports. Zacks Investment Research upgraded Consolidated Water from a “sell” rating to a “hold” rating in a research report on Wednesday, December 6th. TheStreet lowered Consolidated Water from a “b” rating to a “c+” rating in a research report on Wednesday, November 1st. Finally, Roth Capital set a $15.00 price target on Consolidated Water and gave the stock a “buy” rating in a research report on Monday, November 13th.
A number of large investors have recently added to or reduced their stakes in CWCO. Vanguard Group Inc. boosted its position in shares of 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 acquiring an additional 1,242 shares in the last quarter. Royal Bank of Canada boosted its position 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 worth $104,000 after purchasing an additional 1,452 shares during the period. Northern Trust Corp boosted its position in Consolidated Water by 1.4% during the 2nd quarter. Northern Trust Corp now owns 173,892 shares of the utilities provider’s stock worth $2,156,000 after purchasing an additional 2,476 shares during the period. Martingale Asset Management L P boosted its position in Consolidated Water by 34.4% during the 4th quarter. Martingale Asset Management L P now owns 16,002 shares of the utilities provider’s stock worth $202,000 after purchasing an additional 4,100 shares during the period. Finally, Strs Ohio boosted its position in Consolidated Water by 9.9% during the 3rd quarter. Strs Ohio now owns 49,900 shares of the utilities provider’s stock worth $638,000 after purchasing an additional 4,500 shares during the period. Hedge funds and other institutional investors own 50.60% of the company’s stock.
Consolidated Water (NASDAQ CWCO) traded up $0.15 on Friday, hitting $12.95. The stock had a trading volume of 18,800 shares, compared to its average volume of 47,089. Consolidated Water has a 1-year low of $10.10 and a 1-year high of $13.95. The stock has a market capitalization of $192.98, a price-to-earnings ratio of 32.38, a P/E/G ratio of 2.52 and a beta of 0.75.
The business also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Wednesday, January 3rd were issued a $0.085 dividend. The ex-dividend date of this dividend was Tuesday, January 2nd. This is a positive change from Consolidated Water’s previous quarterly dividend of $0.08. This represents a $0.34 dividend on an annualized basis and a yield of 2.63%. Consolidated Water’s dividend payout ratio (DPR) is 85.00%.
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Consolidated Water Company Profile
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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