Consolidated Water Co. Ltd. (CWCO) Given Average Rating of “Strong Buy” by Analysts
Shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO) have earned a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that cover the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy rating.
Analysts have set a twelve-month consensus price objective of $15.00 for the company and are forecasting 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 196 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research cut shares of Consolidated Water Co. from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st.
Shares of Consolidated Water Co. (NASDAQ:CWCO) opened at 12.60 on Friday. Consolidated Water Co. has a one year low of $9.80 and a one year high of $13.10. The company has a market capitalization of $187.74 million, a PE ratio of 63.64 and a beta of 0.89. The stock has a 50 day moving average of $12.31 and a 200-day moving average of $11.96.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Monday, October 2nd will be issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 2.38%. The ex-dividend date of this dividend is Friday, September 29th. Consolidated Water Co.’s dividend payout ratio (DPR) is presently 150.01%.
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Institutional investors have recently added to or reduced their stakes in the stock. American International Group Inc. boosted its holdings in Consolidated Water Co. by 7.1% during the first quarter. American International Group Inc. now owns 8,953 shares of the utilities provider’s stock worth $104,000 after purchasing an additional 593 shares during the last quarter. Royal Bank of Canada boosted its holdings in Consolidated Water Co. by 21.0% during the second quarter. Royal Bank of Canada now owns 8,382 shares of the utilities provider’s stock worth $104,000 after purchasing an additional 1,452 shares during the last quarter. Alliancebernstein L.P. purchased a new position in Consolidated Water Co. during the second quarter worth about $135,000. Goldman Sachs Group Inc. purchased a new position in Consolidated Water Co. during the first quarter worth about $196,000. Finally, Rhumbline Advisers boosted its holdings in Consolidated Water Co. by 4.1% during the second quarter. Rhumbline Advisers now owns 16,577 shares of the utilities provider’s stock worth $206,000 after purchasing an additional 660 shares during the last quarter. Institutional investors and hedge funds own 45.72% 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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