Consolidated Water Co. Ltd. (CWCO) Receives Average Rating of “Strong Buy” from Analysts
Shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO) have received 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 twelve-month consensus price target 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 163 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research cut shares of Consolidated Water Co. from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st.
Consolidated Water Co. (NASDAQ:CWCO) traded down 1.24% during mid-day trading on Thursday, reaching $11.95. The company had a trading volume of 35,089 shares. The company has a market capitalization of $178.05 million, a P/E ratio of 60.35 and a beta of 0.87. Consolidated Water Co. has a one year low of $9.80 and a one year high of $13.10. The stock has a 50 day moving average price of $12.53 and a 200 day moving average price of $11.81.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Monday, October 2nd will be given a $0.075 dividend. The ex-dividend date is Friday, September 29th. This represents a $0.30 annualized dividend and a yield of 2.51%. Consolidated Water Co.’s payout ratio is 150.01%.
A number of institutional investors have recently made changes to their positions in CWCO. American International Group Inc. boosted its position in shares of Consolidated Water Co. by 7.1% in the first quarter. American International Group Inc. now owns 8,953 shares of the utilities provider’s stock valued at $104,000 after buying an additional 593 shares during the last quarter. Royal Bank of Canada boosted its position in shares of Consolidated Water Co. by 21.0% in the second quarter. Royal Bank of Canada now owns 8,382 shares of the utilities provider’s stock valued at $104,000 after buying an additional 1,452 shares during the last quarter. Brandes Investment Partners LP purchased a new position in Consolidated Water Co. during the first quarter valued at approximately $124,000. Alliancebernstein L.P. purchased a new position in Consolidated Water Co. during the second quarter valued at approximately $135,000. Finally, Campbell & CO Investment Adviser LLC purchased a new position in Consolidated Water Co. during the first quarter valued at approximately $144,000. 45.72% of the stock is currently owned by institutional investors and hedge funds.
About Consolidated Water Co.
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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