Several analysts have recently updated their ratings and price targets for Global Water Resources (NASDAQ: GWRS):

  • 1/3/2018 – Global Water Resources was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Global Water Resources, Inc. is a water resource management company. It owns and operates regulated water, wastewater and recycled water utilities. Global Water Resources, Inc. is headquartered in Phoenix, Arizona. “
  • 12/29/2017 – Global Water Resources was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $10.00 price target on the stock. According to Zacks, “Global Water Resources, Inc. is a water resource management company. It owns and operates regulated water, wastewater and recycled water utilities. Global Water Resources, Inc. is headquartered in Phoenix, Arizona. “
  • 12/28/2017 – Global Water Resources was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Global Water Resources, Inc. is a water resource management company. It owns and operates regulated water, wastewater and recycled water utilities. Global Water Resources, Inc. is headquartered in Phoenix, Arizona. “
  • 12/20/2017 – Global Water Resources was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $10.00 price target on the stock. According to Zacks, “Global Water Resources, Inc. is a water resource management company. It owns and operates regulated water, wastewater and recycled water utilities. Global Water Resources, Inc. is headquartered in Phoenix, Arizona. “
  • 12/19/2017 – Global Water Resources was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Global Water Resources, Inc. is a water resource management company. It owns and operates regulated water, wastewater and recycled water utilities. Global Water Resources, Inc. is headquartered in Phoenix, Arizona. “
  • 11/14/2017 – Global Water Resources was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $11.00 price target on the stock. According to Zacks, “Global Water Resources, Inc. is a water resource management company. It owns and operates regulated water, wastewater and recycled water utilities. Global Water Resources, Inc. is headquartered in Phoenix, Arizona. “

Global Water Resources Inc (NASDAQ GWRS) opened at $9.17 on Thursday. Global Water Resources Inc has a 12-month low of $7.90 and a 12-month high of $10.00. The company has a debt-to-equity ratio of 8.55, a quick ratio of 1.21 and a current ratio of 1.21. The company has a market cap of $179.63, a price-to-earnings ratio of 114.64, a price-to-earnings-growth ratio of 5.08 and a beta of 0.24.

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, January 30th. Shareholders of record on Tuesday, January 16th will be given a dividend of $0.024 per share. The ex-dividend date is Friday, January 12th. This represents a $0.29 annualized dividend and a yield of 3.14%. This is a positive change from Global Water Resources’s previous monthly dividend of $0.02. Global Water Resources’s dividend payout ratio (DPR) is 350.04%.

In other Global Water Resources news, Director Trevor T. Hill sold 3,206 shares of the stock in a transaction on Friday, December 1st. The shares were sold at an average price of $9.76, for a total transaction of $31,290.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William S. Levine acquired 2,826,615 shares of the stock in a transaction on Monday, December 18th. The shares were acquired at an average price of $9.29 per share, with a total value of $26,259,253.35. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 2,829,598 shares of company stock valued at $26,286,789 and have sold 8,193 shares valued at $80,116. 49.20% of the stock is owned by company insiders.

Global Water Resources, Inc is a water resource management company. The Company owns, operates and manages water, wastewater and recycled water utilities in strategically located communities, principally in metropolitan Phoenix, Arizona. The Company focuses on the issues of water supply and scarcity, and applies principles of water conservation through water reclamation and reuse.

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