Consolidated Water Co. Ltd. (NASDAQ:CWCO) has earned a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that cover the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating.
Brokerages have set a 12 month consensus target price of $15.00 for the company and are anticipating that the company will post $0.18 EPS for the current quarter, according to Zacks. Zacks has also given Consolidated Water an industry rank of 117 out of 265 based on the ratings given to its competitors.
Several equities research analysts have issued reports on CWCO shares. Zacks Investment Research upgraded Consolidated Water from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. TheStreet downgraded Consolidated Water from a “b” rating to a “c+” rating in a report on Wednesday, November 1st. Finally, Roth Capital set a $15.00 price target on Consolidated Water and gave the company a “buy” rating in a report on Monday, November 13th.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP increased its holdings in shares of Consolidated Water by 5.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 594,715 shares of the utilities provider’s stock valued at $7,612,000 after acquiring an additional 30,567 shares during the last quarter. Uniplan Investment Counsel Inc. increased its holdings in shares of Consolidated Water by 37.5% in the 3rd quarter. Uniplan Investment Counsel Inc. now owns 395,565 shares of the utilities provider’s stock valued at $5,063,000 after acquiring an additional 107,871 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Consolidated Water by 7.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 278,936 shares of the utilities provider’s stock valued at $3,568,000 after acquiring an additional 18,938 shares during the last quarter. State Street Corp increased its holdings in shares of Consolidated Water by 7.3% in the 2nd quarter. State Street Corp now owns 196,914 shares of the utilities provider’s stock valued at $2,444,000 after acquiring an additional 13,442 shares during the last quarter. Finally, Icon Advisers Inc. Co. increased its holdings in shares of Consolidated Water by 39.1% in the 3rd quarter. Icon Advisers Inc. Co. now owns 182,342 shares of the utilities provider’s stock valued at $2,334,000 after acquiring an additional 51,300 shares during the last quarter. Institutional investors and hedge funds own 48.89% of the company’s stock.
Consolidated Water (NASDAQ CWCO) traded down $0.25 during mid-day trading on Tuesday, reaching $12.25. The company’s stock had a trading volume of 146,286 shares, compared to its average volume of 53,269. Consolidated Water has a 52 week low of $10.00 and a 52 week high of $13.95. The stock has a market cap of $191.49, a P/E ratio of 23.36, a PEG ratio of 3.43 and a beta of 0.88.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 3rd will be issued a $0.085 dividend. This represents a $0.34 dividend on an annualized basis and a dividend yield of 2.78%. This is an increase from Consolidated Water’s previous quarterly dividend of $0.08. The ex-dividend date is Tuesday, January 2nd. Consolidated Water’s payout ratio is 73.17%.
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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.
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