Shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO) have been given 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.

Brokerages have set a 12 month consensus price objective of $15.00 for the company and are predicting that the company will post $0.18 earnings per share for the current quarter, according to Zacks. Zacks has also given Consolidated Water an industry rank of 106 out of 265 based on the ratings given to related companies.

Several research firms have recently issued reports on CWCO. TheStreet lowered Consolidated Water from a “b” rating to a “c+” rating in a research note on Wednesday, November 1st. Roth Capital set a $15.00 price target on Consolidated Water and gave the stock a “buy” rating in a report on Monday, November 13th. Finally, Zacks Investment Research upgraded Consolidated Water from a “sell” rating to a “hold” rating in a report on Wednesday.

Consolidated Water (NASDAQ CWCO) traded down $0.20 during trading hours on Thursday, hitting $12.95. The company had a trading volume of 35,700 shares, compared to its average volume of 53,297. The stock has a market capitalization of $195.96, a PE ratio of 23.91, a P/E/G ratio of 3.51 and a beta of 0.88. Consolidated Water has a 12-month low of $9.80 and a 12-month high of $13.95.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Wednesday, January 3rd will be given a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date of this dividend is Tuesday, January 2nd. This is an increase from Consolidated Water’s previous quarterly dividend of $0.08. Consolidated Water’s dividend payout ratio is currently 73.17%.

A number of large investors have recently bought and sold shares of CWCO. Royal Bank of Canada lifted its holdings in shares of Consolidated Water by 21.0% during the 2nd quarter. Royal Bank of Canada now owns 8,382 shares of the utilities provider’s stock worth $104,000 after acquiring an additional 1,452 shares during the period. American International Group Inc. lifted its stake in Consolidated Water 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 in the last quarter. Alliancebernstein L.P. bought a new stake in shares of Consolidated Water in the second quarter worth $135,000. Essex Financial Services Inc. lifted its position in shares of Consolidated Water by 186.7% in the third quarter. Essex Financial Services Inc. now owns 14,159 shares of the utilities provider’s stock worth $181,000 after purchasing an additional 9,221 shares in the last quarter. Finally, Rhumbline Advisers lifted its position in shares of Consolidated Water by 4.1% in 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 in the last quarter. Institutional investors and hedge funds own 48.89% of the company’s stock.

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Consolidated Water 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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