Consolidated Water Co. Ltd. (NASDAQ:CWCO) has been given a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy rating.
Analysts have set a twelve-month consensus price objective of $16.50 for the company and are forecasting that the company will post $0.15 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Consolidated Water an industry rank of 200 out of 255 based on the ratings given to its competitors.
CWCO has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Consolidated Water from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a report on Thursday, August 16th. ValuEngine cut shares of Consolidated Water from a “buy” rating to a “hold” rating in a report on Friday, August 3rd.
In other Consolidated Water news, Director Raymond Whittaker sold 17,011 shares of the stock in a transaction dated Friday, September 7th. The shares were sold at an average price of $14.20, for a total value of $241,556.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.53% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the company. Russell Investments Group Ltd. increased its stake in shares of Consolidated Water by 95.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 146,769 shares of the utilities provider’s stock worth $2,032,000 after purchasing an additional 71,599 shares in the last quarter. Northpointe Capital LLC increased its stake in shares of Consolidated Water by 89.5% during the 3rd quarter. Northpointe Capital LLC now owns 276,739 shares of the utilities provider’s stock worth $3,833,000 after purchasing an additional 130,691 shares in the last quarter. Northern Trust Corp increased its stake in shares of Consolidated Water by 2.7% during the 2nd quarter. Northern Trust Corp now owns 175,189 shares of the utilities provider’s stock worth $2,260,000 after purchasing an additional 4,626 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Consolidated Water by 84.4% during the 2nd quarter. Bank of America Corp DE now owns 50,595 shares of the utilities provider’s stock worth $653,000 after purchasing an additional 23,159 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Consolidated Water by 41.1% during the 2nd quarter. Renaissance Technologies LLC now owns 378,100 shares of the utilities provider’s stock worth $4,877,000 after purchasing an additional 110,100 shares in the last quarter. 53.78% of the stock is owned by institutional investors and hedge funds.
Shares of Consolidated Water stock opened at $12.19 on Wednesday. Consolidated Water has a 12-month low of $11.20 and a 12-month high of $15.35. The stock has a market capitalization of $184.00 million, a price-to-earnings ratio of 21.96, a P/E/G ratio of 2.44 and a beta of 0.75.
Consolidated Water (NASDAQ:CWCO) last issued its earnings results on Monday, August 13th. The utilities provider reported $0.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.01). Consolidated Water had a net margin of 11.46% and a return on equity of 5.38%. The company had revenue of $15.87 million during the quarter, compared to analysts’ expectations of $15.70 million. As a group, equities research analysts anticipate that Consolidated Water will post 0.63 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, October 31st. Shareholders of record on Monday, October 1st were issued a $0.085 dividend. The ex-dividend date was Friday, September 28th. This represents a $0.34 dividend on an annualized basis and a yield of 2.79%. Consolidated Water’s dividend payout ratio (DPR) is presently 69.39%.
About Consolidated Water
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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