Connecticut Water Service Upgraded by Zacks to Outperform (CTWS)
Connecticut Water Service (NASDAQ:CTWS) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued on Friday, Analyst Ratings Network reports. The firm currently has a $38.50 price target on the stock. Zacks‘ price objective points to a potential upside of 14.04% from the company’s current price.
Separately, analysts at Hilliard Lyons downgraded shares of Connecticut Water Service to a “buy” rating in a research note on Tuesday, January 21st.
Connecticut Water Service (NASDAQ:CTWS) traded up 0.38% on Friday, hitting $33.888. The stock had a trading volume of 14,465 shares. Connecticut Water Service has a 1-year low of $27.75 and a 1-year high of $36.45. The stock has a 50-day moving average of $33.95 and a 200-day moving average of $32.67. The company has a market cap of $373.4 million and a price-to-earnings ratio of 19.74.
The company also recently declared a quarterly dividend, which is scheduled for Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.2475 per share. This represents a $0.99 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date of this dividend is Thursday, February 27th.
Connecticut Water Service, Inc is a non-operating holding company. The Company operates in three segments: Water Activities, Real Estate Transactions and Services and Rentals.
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