Consolidated Water’s (CWCO) Buy Rating Reiterated at Janney Montgomery Scott

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Janney Montgomery Scott reaffirmed their buy rating on shares of Consolidated Water (NASDAQ:CWCO) in a research report report published on Tuesday, 24/7 WallStreet reports.

CWCO has been the subject of a number of other research reports. Zacks Investment Research lowered Consolidated Water from a hold rating to a sell rating and set a $15.00 price objective for the company. in a research note on Thursday, June 6th. ValuEngine upgraded Consolidated Water from a hold rating to a buy rating in a research note on Wednesday, May 15th.

Shares of CWCO stock opened at $14.95 on Tuesday. The firm has a market capitalization of $215.04 million, a price-to-earnings ratio of 23.46, a price-to-earnings-growth ratio of 2.86 and a beta of 0.63. The company has a debt-to-equity ratio of 0.02, a current ratio of 12.83 and a quick ratio of 7.94. The business has a fifty day moving average of $14.24 and a 200 day moving average of $13.47. Consolidated Water has a 1 year low of $10.76 and a 1 year high of $15.13.

Consolidated Water (NASDAQ:CWCO) last issued its earnings results on Monday, August 12th. The utilities provider reported $0.16 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.01). The firm had revenue of $18.31 million during the quarter, compared to analysts’ expectations of $16.80 million. Consolidated Water had a return on equity of 6.05% and a net margin of 21.95%. As a group, equities research analysts expect that Consolidated Water will post 0.63 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Monday, July 1st were paid a dividend of $0.085 per share. The ex-dividend date was Friday, June 28th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 2.27%. Consolidated Water’s payout ratio is currently 50.00%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Amundi Pioneer Asset Management Inc. raised its stake in shares of Consolidated Water by 10.8% during the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 1,162,767 shares of the utilities provider’s stock valued at $101,550,000 after buying an additional 113,286 shares during the last quarter. BlackRock Inc. raised its stake in shares of Consolidated Water by 3.8% during the 4th quarter. BlackRock Inc. now owns 836,911 shares of the utilities provider’s stock valued at $9,758,000 after buying an additional 30,836 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Consolidated Water by 9.5% during the 2nd quarter. Renaissance Technologies LLC now owns 471,397 shares of the utilities provider’s stock valued at $6,722,000 after buying an additional 40,997 shares during the last quarter. Penn Capital Management Co. Inc. purchased a new position in shares of Consolidated Water during the 1st quarter valued at about $3,079,000. Finally, Northern Trust Corp raised its stake in shares of Consolidated Water by 2.4% during the 2nd quarter. Northern Trust Corp now owns 182,399 shares of the utilities provider’s stock valued at $2,601,000 after buying an additional 4,335 shares during the last quarter. Institutional investors and hedge funds own 53.87% 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 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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