Consolidated Water Co. Ltd. (NASDAQ:CWCO) has received an average broker rating score of 0.00 () from the two brokers that cover the stock, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy rating.
Brokerages have set a 12-month consensus price objective of $15.00 for the company and are expecting that the company will post $0.11 EPS for the current quarter, according to Zacks. Zacks has also assigned Consolidated Water Co. an industry rank of 174 out of 265 based on the ratings given to related companies.
A number of equities analysts have issued reports on CWCO shares. Zacks Investment Research downgraded Consolidated Water Co. from a “hold” rating to a “sell” rating in a research report on Tuesday, January 3rd. Roth Capital set a $15.00 price target on Consolidated Water Co. and gave the stock a “buy” rating in a research report on Monday, March 20th.
A number of institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. increased its position in shares of Consolidated Water Co. by 17.7% in the third quarter. JPMorgan Chase & Co. now owns 160,130 shares of the company’s stock worth $1,861,000 after buying an additional 24,114 shares in the last quarter. First Trust Advisors LP increased its position in shares of Consolidated Water Co. by 12.5% in the third quarter. First Trust Advisors LP now owns 199,293 shares of the company’s stock worth $2,316,000 after buying an additional 22,218 shares in the last quarter. First Manhattan Co. increased its position in shares of Consolidated Water Co. by 0.7% in the third quarter. First Manhattan Co. now owns 697,213 shares of the company’s stock worth $8,101,000 after buying an additional 4,846 shares in the last quarter. Oxford Asset Management increased its position in shares of Consolidated Water Co. by 104.1% in the fourth quarter. Oxford Asset Management now owns 21,105 shares of the company’s stock worth $229,000 after buying an additional 10,762 shares in the last quarter. Finally, Thomas J. Herzfeld Advisors Inc. acquired a new position in shares of Consolidated Water Co. during the fourth quarter worth about $1,405,000. Institutional investors own 44.52% of the company’s stock.
Shares of Consolidated Water Co. (NASDAQ:CWCO) opened at 11.65 on Monday. The company has a market cap of $173.25 million, a P/E ratio of 43.63 and a beta of 0.80. The firm has a 50-day moving average price of $10.68 and a 200-day moving average price of $10.90. Consolidated Water Co. has a 1-year low of $9.80 and a 1-year high of $14.69.
The firm also recently declared a quarterly dividend, which will be paid on Monday, May 1st. Shareholders of record on Monday, April 3rd will be given a dividend of $0.075 per share. The ex-dividend date is Thursday, March 30th. This represents a $0.30 dividend on an annualized basis and a yield of 2.58%. Consolidated Water Co.’s dividend payout ratio is currently 111.11%.
About Consolidated Water Co.
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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