Zacks: Analysts Set $15.00 Target Price for Consolidated Water Co. Ltd. (CWCO)

Consolidated Water Co. Ltd. (NASDAQ:CWCO) has been given a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy rating.

Analysts have set a 1-year consensus target price of $15.00 for the company and are forecasting that the company will post $0.18 EPS for the current quarter, according to Zacks. Zacks has also assigned Consolidated Water an industry rank of 189 out of 265 based on the ratings given to related companies.

CWCO has been the topic of a number of recent analyst reports. TheStreet raised shares of Consolidated Water from a “c+” rating to a “b-” rating in a report on Friday, November 24th. Roth Capital set a $15.00 price target on shares of Consolidated Water and gave the company a “buy” rating in a report on Monday, November 13th. Finally, Zacks Investment Research raised shares of Consolidated Water from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Royal Bank of Canada lifted its stake in shares of Consolidated Water by 21.0% in the 2nd 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 period. Alliancebernstein L.P. bought a new position in shares of Consolidated Water in the 2nd quarter worth approximately $135,000. Essex Financial Services Inc. lifted its stake in shares of Consolidated Water by 186.7% in the 3rd 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 during the period. Rhumbline Advisers lifted its stake in shares of Consolidated Water by 4.1% in the 2nd 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 period. Finally, Clarus Wealth Advisors bought a new position in shares of Consolidated Water in the 4th quarter worth approximately $214,000. 49.49% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Consolidated Water (CWCO) traded up $0.10 during midday trading on Thursday, hitting $12.50. 49,377 shares of the stock were exchanged, compared to its average volume of 49,718. The stock has a market cap of $186.27, a P/E ratio of 31.25, a PEG ratio of 2.41 and a beta of 0.75. Consolidated Water has a 12-month low of $10.05 and a 12-month high of $13.95.

Consolidated Water (NASDAQ:CWCO) last announced its quarterly earnings results on Thursday, November 9th. The utilities provider reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.03). The company had revenue of $16.57 million for the quarter, compared to analysts’ expectations of $15.00 million. Consolidated Water had a net margin of 9.72% and a return on equity of 5.28%. analysts forecast that Consolidated Water will post 0.54 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 3rd were issued a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date was Tuesday, January 2nd. This is an increase from Consolidated Water’s previous quarterly dividend of $0.08. Consolidated Water’s dividend payout ratio (DPR) is presently 85.00%.

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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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