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 cover the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating.
Analysts have set a 12 month consensus target price of $16.00 for the company and are forecasting that the company will post $0.15 EPS for the current quarter, according to Zacks. Zacks has also assigned Consolidated Water an industry rank of 242 out of 265 based on the ratings given to related companies.
Several brokerages have issued reports on CWCO. Zacks Investment Research raised Consolidated Water from a “sell” rating to a “hold” rating in a research report on Thursday, May 10th. ValuEngine raised Consolidated Water from a “hold” rating to a “buy” rating in a research report on Sunday, May 13th. Finally, Roth Capital set a $17.00 target price on Consolidated Water and gave the stock a “buy” rating in a research report on Friday, March 23rd.
A number of large investors have recently made changes to their positions in the business. Amundi Pioneer Asset Management Inc. boosted its position in Consolidated Water by 45.7% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 1,082,078 shares of the utilities provider’s stock worth $15,745,000 after purchasing an additional 339,655 shares during the last quarter. First Manhattan Co. lifted its position in shares of Consolidated Water by 7.0% during the 4th quarter. First Manhattan Co. now owns 804,513 shares of the utilities provider’s stock valued at $10,136,000 after buying an additional 52,600 shares in the last quarter. BlackRock Inc. lifted its position in shares of Consolidated Water by 7.8% during the 1st quarter. BlackRock Inc. now owns 730,665 shares of the utilities provider’s stock valued at $10,631,000 after buying an additional 53,169 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Consolidated Water by 5.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 594,715 shares of the utilities provider’s stock valued at $7,612,000 after buying an additional 30,567 shares in the last quarter. Finally, LSV Asset Management lifted its position in shares of Consolidated Water by 31.7% during the 4th quarter. LSV Asset Management now owns 454,627 shares of the utilities provider’s stock valued at $5,728,000 after buying an additional 109,327 shares in the last quarter. 54.86% of the stock is currently owned by institutional investors and hedge funds.
Shares of Consolidated Water traded up $0.20, hitting $13.05, during trading on Friday, Marketbeat Ratings reports. 28,191 shares of the company’s stock traded hands, compared to its average volume of 47,276. Consolidated Water has a 1 year low of $11.20 and a 1 year high of $15.35. The stock has a market capitalization of $194.47 million, a PE ratio of 26.63, a price-to-earnings-growth ratio of 2.86 and a beta of 0.62.
Consolidated Water (NASDAQ:CWCO) last released its quarterly earnings data on Friday, May 11th. The utilities provider reported $0.14 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.04). The business had revenue of $15.34 million for the quarter, compared to analysts’ expectations of $17.30 million. Consolidated Water had a net margin of 9.05% and a return on equity of 5.46%. research analysts anticipate that Consolidated Water will post 0.65 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, April 30th. Shareholders of record on Monday, April 2nd were given a $0.085 dividend. The ex-dividend date of this dividend was Thursday, March 29th. This represents a $0.34 annualized dividend and a yield of 2.61%. Consolidated Water’s payout ratio is 69.39%.
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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