Shares of Connecticut Water Service Inc (NASDAQ:CTWS) have received an average broker rating score of 3.00 (Hold) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold recommendation.
Analysts have set a 1 year consensus target price of $55.00 for the company, according to Zacks. Zacks has also assigned Connecticut Water Service an industry rank of 180 out of 255 based on the ratings given to related companies.
Several research analysts have recently commented on the company. BidaskClub upgraded Connecticut Water Service from a “sell” rating to a “hold” rating in a research report on Friday, June 15th. ValuEngine lowered Connecticut Water Service from a “buy” rating to a “hold” rating in a research report on Friday, June 8th.
Shares of Connecticut Water Service traded down $0.12, hitting $69.25, during mid-day trading on Tuesday, according to MarketBeat. The stock had a trading volume of 147,344 shares, compared to its average volume of 81,369. The firm has a market cap of $838.62 million, a price-to-earnings ratio of 47.51 and a beta of -0.12. The company has a current ratio of 0.77, a quick ratio of 0.74 and a debt-to-equity ratio of 0.87. Connecticut Water Service has a fifty-two week low of $48.86 and a fifty-two week high of $69.80.
Connecticut Water Service (NASDAQ:CTWS) last issued its earnings results on Thursday, August 9th. The utilities provider reported $0.39 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.45). The firm had revenue of $31.54 million during the quarter. Connecticut Water Service had a return on equity of 6.00% and a net margin of 13.02%.
A number of large investors have recently added to or reduced their stakes in CTWS. Wells Fargo & Company MN boosted its position in Connecticut Water Service by 17.0% during the 4th quarter. Wells Fargo & Company MN now owns 39,572 shares of the utilities provider’s stock valued at $2,272,000 after purchasing an additional 5,743 shares during the period. Geode Capital Management LLC raised its stake in Connecticut Water Service by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 121,456 shares of the utilities provider’s stock valued at $6,972,000 after acquiring an additional 1,924 shares in the last quarter. Deutsche Bank AG raised its stake in Connecticut Water Service by 164.9% during the 4th quarter. Deutsche Bank AG now owns 66,472 shares of the utilities provider’s stock valued at $3,814,000 after acquiring an additional 41,376 shares in the last quarter. Guggenheim Capital LLC raised its stake in Connecticut Water Service by 2.3% during the 4th quarter. Guggenheim Capital LLC now owns 50,748 shares of the utilities provider’s stock valued at $2,914,000 after acquiring an additional 1,125 shares in the last quarter. Finally, Teachers Advisors LLC raised its stake in Connecticut Water Service by 6.1% during the 4th quarter. Teachers Advisors LLC now owns 21,060 shares of the utilities provider’s stock valued at $1,209,000 after acquiring an additional 1,215 shares in the last quarter. Institutional investors and hedge funds own 49.47% of the company’s stock.
About Connecticut Water Service
Connecticut Water Service, Inc, together with its subsidiaries, operates as a regulated water company. The company operates through three segments: Water Operations, Real Estate Transactions, and Services and Rentals. The Water Operations segment supplies public drinking water. The Real Estate Transactions segment is involved in the sale or donation of its real estate holdings.
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