Shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO) have been given an average broker rating score of 1.00 (Strong Buy) from the two analysts that cover the company, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy recommendation.
Analysts have set a one year consensus price target 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 193 out of 265 based on the ratings given to related companies.
A number of equities analysts have recently weighed in on CWCO shares. Zacks Investment Research downgraded Consolidated Water from a “hold” rating to a “sell” rating in a report on Monday, February 5th. TheStreet raised Consolidated Water from a “c+” rating to a “b-” rating in a research report on Friday, November 24th. Finally, Roth Capital set a $15.00 target price on Consolidated Water and gave the company a “buy” rating in a research report on Monday, November 13th.
Consolidated Water (NASDAQ:CWCO) traded up $0.05 during trading on Friday, hitting $12.55. 70,191 shares of the company’s stock traded hands, compared to its average volume of 45,373. Consolidated Water has a one year low of $10.05 and a one year high of $13.95. The firm has a market cap of $187.02, a PE ratio of 30.61, a P/E/G ratio of 2.47 and a beta of 0.75.
Consolidated Water (NASDAQ:CWCO) last released its quarterly earnings results on Thursday, November 9th. The utilities provider reported $0.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.03). Consolidated Water had a return on equity of 5.28% and a net margin of 9.72%. The firm had revenue of $16.57 million for the quarter, compared to analyst estimates of $15.00 million. sell-side analysts anticipate that Consolidated Water will post 0.54 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Wednesday, January 3rd were issued a $0.085 dividend. This is an increase from Consolidated Water’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Tuesday, January 2nd. This represents a $0.34 dividend on an annualized basis and a dividend yield of 2.71%. Consolidated Water’s dividend payout ratio (DPR) is presently 82.93%.
TRADEMARK VIOLATION NOTICE: This piece of content was posted by American Banking News and is the property of of American Banking News. If you are viewing this piece of content on another website, it was illegally copied and republished in violation of international copyright legislation. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2018/02/11/consolidated-water-co-ltd-cwco-receives-average-recommendation-of-strong-buy-from-analysts.html.
About Consolidated Water
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Consolidated Water Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Consolidated Water and related companies with MarketBeat.com's FREE daily email newsletter.