Shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that cover the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy recommendation.

Brokerages have set a 12-month consensus price objective of $15.00 for the company and are expecting that the company will post $0.14 EPS 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 related companies.

Several analysts recently commented on CWCO shares. Zacks Investment Research upgraded shares of Consolidated Water Co. from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th. TheStreet cut shares of Consolidated Water Co. from a “b” rating to a “c+” rating in a research note on Wednesday.

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Consolidated Water Co. (CWCO) traded up $0.25 during trading hours on Friday, hitting $11.80. The company’s stock had a trading volume of 25,168 shares, compared to its average volume of 41,774. The stock has a market cap of $178.06 million, a price-to-earnings ratio of 21.34, a price-to-earnings-growth ratio of 2.80 and a beta of 0.87.

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Monday, October 2nd were issued a dividend of $0.075 per share. The ex-dividend date was Friday, September 29th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.54%. Consolidated Water Co.’s dividend payout ratio (DPR) is presently 150.01%.

Several hedge funds and other institutional investors have recently modified their holdings of CWCO. American International Group Inc. grew its holdings in shares of 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 buying an additional 593 shares in the last quarter. Royal Bank of Canada grew its holdings in shares of 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 buying an additional 1,452 shares in the last quarter. Alliancebernstein L.P. purchased a new stake in shares of Consolidated Water Co. during the second quarter worth about $135,000. Essex Financial Services Inc. grew its holdings in shares of Consolidated Water Co. by 186.7% during the third quarter. Essex Financial Services Inc. now owns 14,159 shares of the utilities provider’s stock worth $181,000 after buying an additional 9,221 shares in the last quarter. Finally, Goldman Sachs Group Inc. purchased a new stake in shares of Consolidated Water Co. during the first quarter worth about $196,000. Institutional investors and hedge funds own 45.74% of the company’s stock.

About Consolidated Water Co.

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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