Zacks: Consolidated Water Co. Ltd. (NASDAQ:CWCO) Given Consensus Rating of “Strong Buy” by Analysts
Shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO) have been given a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy recommendation.
Analysts have set a 12 month consensus target price of $15.00 for the company and are anticipating that the company will post $0.16 EPS for the current quarter, according to Zacks. Zacks has also assigned Consolidated Water Co. an industry rank of 119 out of 265 based on the ratings given to related companies.
CWCO has been the topic of a number of research reports. Zacks Investment Research lowered shares of Consolidated Water Co. from a “hold” rating to a “sell” rating in a research report on Wednesday, March 22nd. TheStreet raised shares of Consolidated Water Co. from a “c+” rating to a “b-” rating in a research report on Monday, April 24th.
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A number of institutional investors have recently modified their holdings of the stock. American International Group Inc. raised its position in shares of Consolidated Water Co. by 7.1% in the first quarter. American International Group Inc. now owns 8,953 shares of the utilities provider’s stock valued at $104,000 after buying an additional 593 shares during the last quarter. Brandes Investment Partners LP acquired a new position in shares of Consolidated Water Co. during the first quarter valued at about $124,000. Campbell & CO Investment Adviser LLC acquired a new position in shares of Consolidated Water Co. during the first quarter valued at about $144,000. Goldman Sachs Group Inc. acquired a new position in shares of Consolidated Water Co. during the first quarter valued at about $196,000. Finally, Bank of America Corp DE raised its position in shares of Consolidated Water Co. by 7.5% in the first quarter. Bank of America Corp DE now owns 17,867 shares of the utilities provider’s stock valued at $208,000 after buying an additional 1,245 shares during the last quarter. 50.81% of the stock is currently owned by institutional investors.
Shares of Consolidated Water Co. (NASDAQ CWCO) opened at 12.90 on Wednesday. The company has a market capitalization of $192.07 million, a PE ratio of 42.30 and a beta of 0.87. Consolidated Water Co. has a 52-week low of $9.80 and a 52-week high of $13.93. The firm’s 50-day moving average price is $12.43 and its 200 day moving average price is $11.35.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 31st. Investors of record on Monday, July 3rd will be issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 2.33%. The ex-dividend date of this dividend is Thursday, June 29th. Consolidated Water Co.’s payout ratio is 96.77%.
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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