Consolidated Water Co. Ltd. (NASDAQ:CWCO) has received 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 rating.
Brokers have set a 12 month consensus price target of $16.50 for the company, according to Zacks. Zacks has also assigned Consolidated Water an industry rank of 194 out of 255 based on the ratings given to its competitors.
A number of equities research analysts have recently weighed in on CWCO shares. ValuEngine downgraded Consolidated Water from a “buy” rating to a “hold” rating in a report on Sunday, February 10th. Zacks Investment Research downgraded Consolidated Water from a “buy” rating to a “hold” rating in a report on Thursday, January 3rd.
Hedge funds and other institutional investors have recently modified their holdings of the company. Rehmann Capital Advisory Group grew its stake in Consolidated Water by 1,285.0% during the 3rd quarter. Rehmann Capital Advisory Group now owns 6,828 shares of the utilities provider’s stock worth $493,000 after buying an additional 6,335 shares during the last quarter. Whittier Trust Co. bought a new position in Consolidated Water during the 4th quarter worth $117,000. FDx Advisors Inc. bought a new position in Consolidated Water during the 4th quarter worth $128,000. Campbell & CO Investment Adviser LLC bought a new position in Consolidated Water during the 4th quarter worth $161,000. Finally, Prudential Financial Inc. grew its stake in Consolidated Water by 10.5% during the 4th quarter. Prudential Financial Inc. now owns 13,258 shares of the utilities provider’s stock worth $155,000 after buying an additional 1,258 shares during the last quarter. Institutional investors and hedge funds own 54.09% of the company’s stock.
Shares of NASDAQ CWCO traded up $0.09 during trading on Wednesday, reaching $13.07. The stock had a trading volume of 4,280 shares, compared to its average volume of 38,550. Consolidated Water has a one year low of $10.76 and a one year high of $15.35. The company has a market capitalization of $192.69 million, a price-to-earnings ratio of 19.22 and a beta of 0.82.
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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