Global Water Resources Inc. (NASDAQ:GWRS) has earned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Brokers have set a 12 month consensus price target of $10.50 for the company and are predicting that the company will post $0.04 EPS for the current quarter, according to Zacks. Zacks has also assigned Global Water Resources an industry rank of 76 out of 265 based on the ratings given to its competitors.
Several research analysts have recently weighed in on GWRS shares. Zacks Investment Research cut Global Water Resources from a “buy” rating to a “hold” rating in a research note on Wednesday, August 10th. Roth Capital reiterated a “buy” rating on shares of Global Water Resources in a research report on Saturday, July 9th.
In related news, Director William S. Levine acquired 10,917 shares of the firm’s stock in a transaction on Friday, September 30th. The shares were acquired at an average cost of $7.82 per share, for a total transaction of $85,370.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William S. Levine acquired 10,000 shares of the firm’s stock in a transaction on Tuesday, October 11th. The shares were bought at an average price of $7.81 per share, for a total transaction of $78,100.00. The disclosure for this purchase can be found here.
Large investors have recently modified their holdings of the stock. Schwab Charles Investment Management Inc. bought a new stake in shares of Global Water Resources during the second quarter worth about $132,000. Connors Investor Services Inc. bought a new stake in shares of Global Water Resources during the second quarter worth about $220,000. Spark Investment Management LLC bought a new stake in shares of Global Water Resources during the second quarter worth about $231,000. Royal Bank of Canada bought a new stake in shares of Global Water Resources during the second quarter worth about $244,000. Finally, WFG Advisors LP bought a new stake in shares of Global Water Resources during the second quarter worth about $325,000. Institutional investors and hedge funds own 14.52% of the company’s stock.
Global Water Resources (NASDAQ:GWRS) opened at 7.84 on Wednesday. Global Water Resources has a 52 week low of $6.23 and a 52 week high of $9.18. The company has a market cap of $150.31 million and a P/E ratio of 8.07. The firm has a 50-day moving average price of $7.88 and a 200 day moving average price of $7.86.
Global Water Resources (NASDAQ:GWRS) last announced its quarterly earnings data on Thursday, August 11th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.02 by $0.21.
The company also recently announced a monthly dividend, which will be paid on Monday, October 31st. Investors of record on Monday, October 17th will be given a $0.022 dividend. The ex-dividend date of this dividend is Thursday, October 13th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 3.37%.
Global Water Resources Company Profile
Global Water Resources, Inc is a water resource management company that provides water, wastewater and recycled water utility services. The Company owns and operates 16 water and wastewater utilities in strategically targeted communities in metropolitan Phoenix, Arizona. It serves more than 60,000 people in approximately 23,000 homes within its 378 square miles of service areas; 206 square miles have been certificated and are serviced by seven regulated operating subsidiaries.
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