Shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO) have received an average broker rating score of 1.00 (Strong Buy) from the two brokers 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 12-month consensus target price of $15.00 for the company and are forecasting that the company will post $0.14 earnings per share for the current quarter, according to Zacks. Zacks has also given Consolidated Water Co. an industry rank of 188 out of 265 based on the ratings given to related companies.

Separately, Zacks Investment Research downgraded Consolidated Water Co. from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st.

Hedge funds have recently modified their holdings of the stock. KBC Group NV increased its stake in shares of Consolidated Water Co. by 2.0% in the first quarter. KBC Group NV now owns 101,617 shares of the utilities provider’s stock valued at $1,184,000 after buying an additional 2,000 shares in the last quarter. Brandes Investment Partners LP acquired a new stake in shares of Consolidated Water Co. during the first quarter valued at approximately $124,000. Trexquant Investment LP increased its stake in shares of Consolidated Water Co. by 26.4% in the first quarter. Trexquant Investment LP now owns 21,886 shares of the utilities provider’s stock valued at $255,000 after buying an additional 4,567 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Consolidated Water Co. during the first quarter valued at approximately $144,000. Finally, Parametric Portfolio Associates LLC acquired a new stake in shares of Consolidated Water Co. during the first quarter valued at approximately $3,982,000. Institutional investors and hedge funds own 45.72% of the company’s stock.

Consolidated Water Co. (NASDAQ CWCO) traded up 0.381% during midday trading on Friday, reaching $11.845. 6,779 shares of the company were exchanged. The stock has a market capitalization of $176.49 million, a price-to-earnings ratio of 59.823 and a beta of 0.87. Consolidated Water Co. has a 52-week low of $9.80 and a 52-week high of $13.10. The firm’s 50-day moving average price is $12.60 and its 200 day moving average price is $11.76.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Monday, October 2nd will be paid a $0.075 dividend. The ex-dividend date is Friday, September 29th. This represents a $0.30 annualized dividend and a dividend yield of 2.54%. Consolidated Water Co.’s payout ratio is currently 150.01%.

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Consolidated Water Co. 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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