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.
Brokerages have set a twelve-month consensus price objective of $15.00 for the company and are anticipating that the company will post $0.18 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Consolidated Water an industry rank of 209 out of 265 based on the ratings given to related companies.
A number of analysts recently weighed in on the company. TheStreet downgraded Consolidated Water from a “b” rating to a “c+” rating in a research note on Wednesday, November 1st. Zacks Investment Research upgraded Consolidated Water from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th. Finally, Roth Capital set a $15.00 price target on Consolidated Water and gave the company a “buy” rating in a research note on Monday, November 13th.
Institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada boosted its stake in shares of Consolidated Water 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 in the last quarter. Alliancebernstein L.P. purchased a new stake in shares of Consolidated Water in the second quarter valued at approximately $135,000. Essex Financial Services Inc. boosted its stake in shares of Consolidated Water by 186.7% in the third quarter. Essex Financial Services Inc. now owns 14,159 shares of the utilities provider’s stock valued at $181,000 after buying an additional 9,221 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of Consolidated Water by 4.1% in the second quarter. Rhumbline Advisers now owns 16,577 shares of the utilities provider’s stock valued at $206,000 after buying an additional 660 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Consolidated Water by 4.3% in the second quarter. Vanguard Group Inc. now owns 29,865 shares of the utilities provider’s stock valued at $371,000 after buying an additional 1,242 shares in the last quarter. Hedge funds and other institutional investors own 48.89% of the company’s stock.
Shares of Consolidated Water (CWCO) traded up $0.10 during mid-day trading on Thursday, hitting $13.00. The company’s stock had a trading volume of 50,438 shares, compared to its average volume of 52,478. Consolidated Water has a one year low of $10.00 and a one year high of $13.95. The stock has a market cap of $193.72, a P/E ratio of 32.50, a P/E/G ratio of 2.56 and a beta of 0.87.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Wednesday, January 3rd will be paid a $0.085 dividend. The ex-dividend date of this dividend is Tuesday, January 2nd. This is an increase from Consolidated Water’s previous quarterly dividend of $0.08. This represents a $0.34 dividend on an annualized basis and a dividend yield of 2.62%. Consolidated Water’s payout ratio is 85.00%.
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Consolidated Water 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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