ValuEngine upgraded shares of Consolidated Water (NASDAQ:CWCO) from a hold rating to a buy rating in a research report sent to investors on Saturday morning.
Several other brokerages have also issued reports on CWCO. Zacks Investment Research upgraded Consolidated Water from a sell rating to a hold rating in a research note on Thursday, May 10th. Roth Capital set a $17.00 target price on Consolidated Water and gave the company a buy rating in a research note on Friday, March 23rd.
Shares of CWCO opened at $14.35 on Friday. The firm has a market capitalization of $215.41 million, a price-to-earnings ratio of 29.29, a PEG ratio of 2.77 and a beta of 0.62. Consolidated Water has a 1 year low of $11.20 and a 1 year high of $15.35.
Consolidated Water (NASDAQ:CWCO) last issued its earnings results on Friday, May 11th. The utilities provider reported $0.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.04). The firm had revenue of $15.34 million during the quarter, compared to the consensus estimate of $17.30 million. Consolidated Water had a net margin of 9.05% and a return on equity of 5.46%. equities research analysts predict that Consolidated Water will post 0.65 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 31st. Stockholders of record on Monday, July 2nd will be given a $0.085 dividend. This represents a $0.34 annualized dividend and a dividend yield of 2.37%. The ex-dividend date of this dividend is Friday, June 29th. Consolidated Water’s dividend payout ratio (DPR) is presently 69.39%.
Hedge funds and other institutional investors have recently made changes to their positions in the company. LPL Financial LLC purchased a new position in shares of Consolidated Water in the first quarter valued at $171,000. Stifel Financial Corp purchased a new position in shares of Consolidated Water in the first quarter valued at $228,000. Sei Investments Co. grew its position in shares of Consolidated Water by 35.4% in the first quarter. Sei Investments Co. now owns 17,450 shares of the utilities provider’s stock valued at $254,000 after purchasing an additional 4,558 shares in the last quarter. Macquarie Group Ltd. grew its position in shares of Consolidated Water by 2,161.3% in the fourth quarter. Macquarie Group Ltd. now owns 24,806 shares of the utilities provider’s stock valued at $313,000 after purchasing an additional 23,709 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position in shares of Consolidated Water by 22.6% in the fourth quarter. Wells Fargo & Company MN now owns 27,570 shares of the utilities provider’s stock valued at $347,000 after purchasing an additional 5,090 shares in the last quarter. Institutional investors own 54.83% of the company’s stock.
Consolidated Water Company Profile
Consolidated Water Co Ltd., together with its subsidiaries, develops and operates seawater desalination plants and water distribution systems in the Cayman Islands, The Bahamas, Belize, the British Virgin Islands, Mexico, the United States, and Indonesia. The company operates through four segments: Retail, Bulk, Services, and Manufacturing.
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