Consolidated Water Co. Ltd. (CWCO) Receives Average Recommendation of “Strong Buy” from Analysts
Consolidated Water Co. Ltd. (NASDAQ:CWCO) has received a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating.
Analysts have set a one year consensus price objective of $15.00 for the company and are forecasting that the company will post $0.18 earnings per share for the current quarter, according to Zacks. Zacks has also given Consolidated Water Co. an industry rank of 107 out of 265 based on the ratings given to its competitors.
CWCO has been the topic of a number of analyst reports. TheStreet upgraded shares of Consolidated Water Co. from a “c+” rating to a “b-” rating in a report on Monday, April 24th. Roth Capital set a $15.00 price objective on shares of Consolidated Water Co. and gave the stock a “buy” rating in a research report on Monday, March 20th. Finally, Zacks Investment Research downgraded shares of Consolidated Water Co. from a “hold” rating to a “sell” rating in a research report on Wednesday, March 22nd.
Several hedge funds have recently bought and sold shares of the stock. NJ State Employees Deferred Compensation Plan bought a new stake in Consolidated Water Co. during the first quarter valued at $466,000. Russell Investments Group Ltd. boosted its stake in Consolidated Water Co. by 2,505.9% in the first quarter. Russell Investments Group Ltd. now owns 46,907 shares of the utilities provider’s stock valued at $547,000 after buying an additional 45,107 shares during the period. First Manhattan Co. boosted its stake in Consolidated Water Co. by 0.5% in the first quarter. First Manhattan Co. now owns 697,213 shares of the utilities provider’s stock valued at $8,101,000 after buying an additional 3,800 shares during the period. Teachers Advisors LLC boosted its stake in Consolidated Water Co. by 10.5% in the fourth quarter. Teachers Advisors LLC now owns 23,541 shares of the utilities provider’s stock valued at $255,000 after buying an additional 2,233 shares during the period. Finally, WFG Advisors LP boosted its stake in Consolidated Water Co. by 7,792.2% in the fourth quarter. WFG Advisors LP now owns 48,537 shares of the utilities provider’s stock valued at $1,073,000 after buying an additional 47,922 shares during the period. Hedge funds and other institutional investors own 44.52% of the company’s stock.
Consolidated Water Co. (NASDAQ:CWCO) traded up 0.43% during mid-day trading on Friday, hitting $11.80. The company’s stock had a trading volume of 4,619 shares. Consolidated Water Co. has a 52-week low of $9.80 and a 52-week high of $14.25. The firm has a 50 day moving average of $11.64 and a 200-day moving average of $10.98. The firm has a market cap of $175.69 million, a price-to-earnings ratio of 38.69 and a beta of 0.80.
The company also recently announced a quarterly dividend, which was paid on Monday, May 1st. Shareholders of record on Monday, April 3rd were paid a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 2.55%. The ex-dividend date of this dividend was Thursday, March 30th. Consolidated Water Co.’s dividend payout ratio is presently 111.11%.
Consolidated Water Co. Company Profile
Consolidated Water Co Ltd. develops and operates seawater desalination plants (that utilize reverse osmosis technology) and water distribution systems in areas where naturally occurring supplies of potable water are scarce or non-existent. The Company operates in three segments: retail water operations, bulk water operations and services operations.
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