Shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO) have been given 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 recommendation.
Brokers have set a twelve-month consensus target price of $17.00 for the company and are predicting that the company will post $0.16 EPS for the current quarter, according to Zacks. Zacks has also assigned Consolidated Water an industry rank of 192 out of 256 based on the ratings given to related companies.
Several analysts have weighed in on CWCO shares. Zacks Investment Research lowered Consolidated Water from a “hold” rating to a “sell” rating and set a $15.00 target price on the stock. in a report on Thursday, June 6th. Janney Montgomery Scott restated a “buy” rating on shares of Consolidated Water in a research report on Tuesday, August 13th. Finally, ValuEngine upgraded Consolidated Water from a “hold” rating to a “buy” rating in a research report on Wednesday, May 15th.
Several large investors have recently modified their holdings of the company. BNP Paribas Arbitrage SA lifted its position in Consolidated Water by 552.8% during the first quarter. BNP Paribas Arbitrage SA now owns 3,081 shares of the utilities provider’s stock worth $40,000 after buying an additional 2,609 shares during the period. Advisory Services Network LLC lifted its position in Consolidated Water by 114.2% during the second quarter. Advisory Services Network LLC now owns 5,196 shares of the utilities provider’s stock worth $74,000 after buying an additional 2,770 shares during the period. Hendershot Investments Inc. purchased a new position in Consolidated Water during the first quarter worth about $135,000. Campbell & CO Investment Adviser LLC lifted its position in Consolidated Water by 22.2% during the first quarter. Campbell & CO Investment Adviser LLC now owns 15,213 shares of the utilities provider’s stock worth $196,000 after buying an additional 2,759 shares during the period. Finally, HighTower Advisors LLC lifted its position in Consolidated Water by 15.9% during the second quarter. HighTower Advisors LLC now owns 18,222 shares of the utilities provider’s stock worth $260,000 after buying an additional 2,500 shares during the period. Institutional investors and hedge funds own 51.79% of the company’s stock.
Consolidated Water stock traded down $0.72 during trading hours on Friday, hitting $14.31. The stock had a trading volume of 81,617 shares, compared to its average volume of 36,589. The company has a debt-to-equity ratio of 0.02, a current ratio of 12.83 and a quick ratio of 12.15. The stock has a market capitalization of $216.85 million, a price-to-earnings ratio of 21.04, a PEG ratio of 2.84 and a beta of 0.63. Consolidated Water has a 1-year low of $10.76 and a 1-year high of $15.20. The stock’s fifty day moving average is $14.32 and its two-hundred day moving average is $13.53.
Consolidated Water (NASDAQ:CWCO) last posted its earnings results on Monday, August 12th. The utilities provider reported $0.16 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.01). The firm had revenue of $18.31 million during the quarter, compared to analyst estimates of $16.80 million. Consolidated Water had a net margin of 21.95% and a return on equity of 6.05%. As a group, sell-side analysts anticipate that Consolidated Water will post 0.63 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 1st will be given a $0.085 dividend. The ex-dividend date is Monday, September 30th. This represents a $0.34 annualized dividend and a dividend yield of 2.38%. Consolidated Water’s dividend payout ratio is currently 50.00%.
About Consolidated Water
Consolidated Water Co Ltd., together with its subsidiaries, develops and operates seawater desalination plants and water distribution systems primarily in the Cayman Islands, the Bahamas, Indonesia, and the United States. The company operates through four segments: Retail, Bulk, Services, and Manufacturing.
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