Shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO) have received an average broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy rating.
Analysts have set a twelve-month consensus target price of $17.00 for the company and are forecasting that the company will post $0.17 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Consolidated Water an industry rank of 45 out of 256 based on the ratings given to its competitors.
Several equities analysts recently issued reports on the company. ValuEngine upgraded Consolidated Water from a “hold” rating to a “buy” rating in a research note on Wednesday, May 15th. Zacks Investment Research upgraded Consolidated Water from a “sell” rating to a “hold” rating in a research note on Monday, May 20th.
In related news, Director Wilmer F. Pergande sold 2,383 shares of the firm’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of $12.78, for a total transaction of $30,454.74. Following the transaction, the director now directly owns 27,580 shares in the company, valued at $352,472.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Clarence B. Flowers sold 6,603 shares of the firm’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $13.50, for a total value of $89,140.50. Following the transaction, the director now owns 21,873 shares in the company, valued at $295,285.50. The disclosure for this sale can be found here. Insiders have sold 17,237 shares of company stock worth $223,560 over the last 90 days. 4.79% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Municipal Employees Retirement System of Michigan acquired a new stake in Consolidated Water in the fourth quarter worth $342,000. FDx Advisors Inc. acquired a new stake in Consolidated Water in the fourth quarter worth $128,000. Whittier Trust Co. acquired a new stake in Consolidated Water in the fourth quarter worth $117,000. BlackRock Inc. increased its position in Consolidated Water by 3.8% in the fourth quarter. BlackRock Inc. now owns 836,911 shares of the utilities provider’s stock worth $9,758,000 after buying an additional 30,836 shares during the period. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in Consolidated Water in the fourth quarter worth $161,000. 53.48% of the stock is currently owned by hedge funds and other institutional investors.
Shares of CWCO opened at $13.55 on Monday. Consolidated Water has a 12-month low of $10.76 and a 12-month high of $15.00. The firm has a market cap of $203.53 million, a P/E ratio of 19.93, a PEG ratio of 2.57 and a beta of 0.68. The company has a current ratio of 8.42, a quick ratio of 7.94 and a debt-to-equity ratio of 0.02.
Consolidated Water (NASDAQ:CWCO) last announced its quarterly earnings data on Monday, May 13th. The utilities provider reported $0.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.01. Consolidated Water had a return on equity of 5.82% and a net margin of 22.59%. The firm had revenue of $16.99 million for the quarter, compared to analysts’ expectations of $16.00 million. As a group, analysts predict that Consolidated Water will post 0.66 EPS for the current fiscal year.
About Consolidated Water
Consolidated Water Co Ltd., together with its subsidiaries, develops and operates seawater desalination plants and water distribution systems primarily in the Cayman Islands, the Bahamas, Indonesia, and the United States. The company operates through four segments: Retail, Bulk, Services, and Manufacturing.
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