Zacks: Consolidated Water Co. Ltd. (CWCO) Given Consensus Recommendation of “Strong Buy” by Brokerages
Consolidated Water Co. Ltd. (NASDAQ:CWCO) has received an average broker rating score of 1.00 (Strong Buy) from the two brokers that cover the company, Zacks Investment Research reports. Two equities research 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 expecting that the company will post $0.14 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Consolidated Water Co. an industry rank of 190 out of 265 based on the ratings given to its competitors.
A number of brokerages have recently commented on CWCO. Zacks Investment Research downgraded Consolidated Water Co. from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. TheStreet upgraded Consolidated Water Co. from a “c+” rating to a “b-” rating in a research report on Monday, April 24th.
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Consolidated Water Co. (CWCO) traded up 3.77% during trading on Friday, reaching $12.40. The company’s stock had a trading volume of 38,258 shares. The firm has a 50-day moving average price of $12.64 and a 200-day moving average price of $11.68. The firm has a market capitalization of $184.76 million, a P/E ratio of 62.63 and a beta of 0.87. Consolidated Water Co. has a 52 week low of $9.80 and a 52 week high of $13.10.
The firm also recently announced a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Monday, July 3rd were issued a $0.075 dividend. The ex-dividend date of this dividend was Thursday, June 29th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.42%. Consolidated Water Co.’s payout ratio is currently 150.01%.
Several hedge funds have recently added to or reduced their stakes in CWCO. Brandes Investment Partners LP acquired a new stake in Consolidated Water Co. during the first quarter worth about $124,000. Trexquant Investment LP raised its stake in Consolidated Water Co. by 26.4% in the first quarter. Trexquant Investment LP now owns 21,886 shares of the utilities provider’s stock worth $255,000 after buying an additional 4,567 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in Consolidated Water Co. during the first quarter worth about $144,000. Parametric Portfolio Associates LLC acquired a new stake in Consolidated Water Co. during the first quarter worth about $3,982,000. Finally, Ameriprise Financial Inc. raised its stake in Consolidated Water Co. by 261.5% in the first quarter. Ameriprise Financial Inc. now owns 242,780 shares of the utilities provider’s stock worth $2,827,000 after buying an additional 175,619 shares during the last quarter. Institutional investors own 51.42% of the company’s stock.
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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