Consolidated Water (NASDAQ:CWCO) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Friday.

Separately, Zacks Investment Research upgraded shares of Consolidated Water from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research report on Thursday, August 16th.

NASDAQ CWCO traded up $0.39 on Friday, hitting $12.86. The company’s stock had a trading volume of 80,587 shares, compared to its average volume of 41,055. Consolidated Water has a 1-year low of $11.70 and a 1-year high of $15.35. The stock has a market cap of $184.06 million, a P/E ratio of 26.24, a price-to-earnings-growth ratio of 2.15 and a beta of 0.83.

Consolidated Water (NASDAQ:CWCO) last announced its quarterly earnings results on Friday, November 9th. The utilities provider reported $0.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.15. Consolidated Water had a net margin of 16.30% and a return on equity of 5.80%. The firm had revenue of $18.82 million during the quarter, compared to analysts’ expectations of $15.25 million. On average, analysts expect that Consolidated Water will post 0.72 EPS for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of CWCO. Acadian Asset Management LLC increased its position in shares of Consolidated Water by 191.9% during the second quarter. Acadian Asset Management LLC now owns 16,099 shares of the utilities provider’s stock worth $208,000 after buying an additional 10,584 shares during the period. Rehmann Capital Advisory Group increased its position in shares of Consolidated Water by 1,285.0% during the third quarter. Rehmann Capital Advisory Group now owns 6,828 shares of the utilities provider’s stock worth $493,000 after buying an additional 6,335 shares during the period. Cornerstone Wealth Management LLC acquired a new stake in shares of Consolidated Water during the second quarter worth $500,000. Bank of America Corp DE increased its position in shares of Consolidated Water by 84.4% during the second quarter. Bank of America Corp DE now owns 50,595 shares of the utilities provider’s stock worth $653,000 after buying an additional 23,159 shares during the period. Finally, Strs Ohio increased its position in shares of Consolidated Water by 10.8% during the second quarter. Strs Ohio now owns 55,300 shares of the utilities provider’s stock worth $713,000 after buying an additional 5,400 shares during the period. Institutional investors own 54.57% of the company’s stock.

About Consolidated Water

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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