Consolidated Water Co. Ltd. (NASDAQ:CWCO) has received a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that cover the company, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy rating.
Brokers have set a 12-month consensus target price of $15.00 for the company and are forecasting that the company will post $0.18 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Consolidated Water an industry rank of 193 out of 265 based on the ratings given to related companies.
A number of equities analysts have weighed in on CWCO shares. Zacks Investment Research lowered shares of Consolidated Water from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th. Roth Capital set a $15.00 price target on shares of Consolidated Water and gave the company a “buy” rating in a report on Monday, November 13th. Finally, TheStreet upgraded shares of Consolidated Water from a “c+” rating to a “b-” rating in a report on Friday, November 24th.
The business also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 3rd were issued a $0.085 dividend. This represents a $0.34 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date was Tuesday, January 2nd. This is a positive change from Consolidated Water’s previous quarterly dividend of $0.08. Consolidated Water’s dividend payout ratio (DPR) is 85.00%.
Several large investors have recently bought and sold shares of CWCO. Royal Bank of Canada lifted its holdings in shares of Consolidated Water by 21.0% during the 2nd quarter. Royal Bank of Canada now owns 8,382 shares of the utilities provider’s stock valued at $104,000 after acquiring an additional 1,452 shares in the last quarter. Alliancebernstein L.P. acquired a new position in shares of Consolidated Water during the 2nd quarter valued at $135,000. Essex Financial Services Inc. lifted its holdings in shares of Consolidated Water by 186.7% during the 3rd quarter. Essex Financial Services Inc. now owns 14,159 shares of the utilities provider’s stock valued at $181,000 after acquiring an additional 9,221 shares in the last quarter. Martingale Asset Management L P lifted its holdings in shares of Consolidated Water by 34.4% during the 4th quarter. Martingale Asset Management L P now owns 16,002 shares of the utilities provider’s stock valued at $202,000 after acquiring an additional 4,100 shares in the last quarter. Finally, Clarus Wealth Advisors acquired a new position in shares of Consolidated Water during the 4th quarter valued at $214,000. Institutional investors and hedge funds own 50.60% of the company’s stock.
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About Consolidated Water
Consolidated Water Co Ltd. develops and operates seawater desalination plants (that utilize reverse osmosis technology) and water distribution systems in areas where naturally occurring supplies of potable water are scarce or non-existent. The Company operates in three segments: retail water operations, bulk water operations and services operations.
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