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.

Brokers have set a 12-month consensus price target of $16.50 for the company and are forecasting that the company will post $0.15 EPS for the current quarter, according to Zacks. Zacks has also given Consolidated Water an industry rank of 197 out of 255 based on the ratings given to its competitors.

A number of brokerages have weighed in on CWCO. ValuEngine raised Consolidated Water from a “hold” rating to a “buy” rating in a report on Saturday, July 14th. Zacks Investment Research raised Consolidated Water from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Thursday, August 16th.

In other Consolidated Water news, Director Raymond Whittaker sold 17,011 shares of the firm’s stock in a transaction on Friday, September 7th. The stock was sold at an average price of $14.20, for a total value of $241,556.20. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 2.53% of the company’s stock.

Hedge funds have recently modified their holdings of the business. LPL Financial LLC acquired a new stake in shares of Consolidated Water during the 1st quarter valued at $171,000. Acadian Asset Management LLC boosted its holdings in shares of Consolidated Water by 191.9% during the 2nd quarter. Acadian Asset Management LLC now owns 16,099 shares of the utilities provider’s stock valued at $208,000 after acquiring an additional 10,584 shares in the last quarter. Stifel Financial Corp acquired a new stake in shares of Consolidated Water during the 1st quarter valued at $228,000. Sei Investments Co. boosted its holdings in shares of Consolidated Water by 35.4% during the 1st quarter. Sei Investments Co. now owns 17,450 shares of the utilities provider’s stock valued at $254,000 after acquiring an additional 4,558 shares in the last quarter. Finally, Cornerstone Wealth Management LLC acquired a new stake in shares of Consolidated Water during the 2nd quarter valued at $500,000. 53.88% of the stock is currently owned by hedge funds and other institutional investors.

Shares of CWCO stock traded up $0.30 during trading hours on Friday, reaching $14.60. The company’s stock had a trading volume of 84,803 shares, compared to its average volume of 35,689. The company has a market cap of $218.40 million, a PE ratio of 29.80, a P/E/G ratio of 2.90 and a beta of 0.71. Consolidated Water has a fifty-two week low of $11.20 and a fifty-two week high of $15.35.

Consolidated Water (NASDAQ:CWCO) last issued its earnings results on Monday, August 13th. The utilities provider reported $0.14 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.01). The business had revenue of $15.87 million during the quarter, compared to analyst estimates of $15.70 million. Consolidated Water had a net margin of 11.46% and a return on equity of 5.38%. analysts expect that Consolidated Water will post 0.63 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 31st. Shareholders of record on Monday, October 1st will be issued a $0.085 dividend. This represents a $0.34 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date of this dividend is Friday, September 28th. Consolidated Water’s dividend payout ratio is presently 69.39%.

Consolidated Water Company Profile

Consolidated Water Co Ltd., together with its subsidiaries, develops and operates seawater desalination plants and water distribution systems in the Cayman Islands, The Bahamas, Belize, the British Virgin Islands, Mexico, the United States, and Indonesia. The company operates through four segments: Retail, Bulk, Services, and Manufacturing.

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