Shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO) have been given an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy recommendation.
Brokerages have set a twelve-month consensus target price of $16.50 for the company, according to Zacks. Zacks has also given Consolidated Water an industry rank of 158 out of 255 based on the ratings given to its competitors.
Several analysts have recently commented on CWCO shares. ValuEngine cut shares of Consolidated Water from a “buy” rating to a “hold” rating in a research note on Sunday, February 10th. Zacks Investment Research cut shares of Consolidated Water from a “buy” rating to a “hold” rating in a research note on Thursday, January 3rd.
Shares of CWCO stock traded up $0.05 during mid-day trading on Wednesday, hitting $12.88. The stock had a trading volume of 5,609 shares, compared to its average volume of 43,297. Consolidated Water has a fifty-two week low of $10.76 and a fifty-two week high of $15.35. The stock has a market capitalization of $192.57 million, a PE ratio of 18.94, a price-to-earnings-growth ratio of 2.26 and a beta of 0.82.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, April 1st will be paid a $0.085 dividend. This represents a $0.34 annualized dividend and a dividend yield of 2.64%. The ex-dividend date is Friday, March 29th. Consolidated Water’s dividend payout ratio (DPR) is 50.00%.
Several hedge funds and other institutional investors have recently made changes to their positions in CWCO. Amundi Pioneer Asset Management Inc. increased its holdings in Consolidated Water by 8.4% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 1,147,381 shares of the utilities provider’s stock valued at $13,379,000 after acquiring an additional 89,192 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Consolidated Water by 95.2% during the third quarter. Russell Investments Group Ltd. now owns 146,769 shares of the utilities provider’s stock worth $2,032,000 after buying an additional 71,599 shares in the last quarter. Icon Advisers Inc. Co. grew its holdings in shares of Consolidated Water by 45.4% during the fourth quarter. Icon Advisers Inc. Co. now owns 115,700 shares of the utilities provider’s stock worth $1,349,000 after buying an additional 36,100 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Consolidated Water by 3.8% during the fourth quarter. BlackRock Inc. now owns 836,911 shares of the utilities provider’s stock worth $9,758,000 after buying an additional 30,836 shares in the last quarter. Finally, Millennium Management LLC purchased a new stake in shares of Consolidated Water during the fourth quarter worth about $358,000. Hedge funds and other institutional investors own 53.91% 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.
Featured Article: Trading signals using Bollinger bands
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Consolidated Water Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Consolidated Water and related companies with MarketBeat.com's FREE daily email newsletter.