Consolidated Water Co. Ltd. (CWCO) Receives Average Recommendation of “Strong Buy” from Analysts

Shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO) have been given an average broker rating score of 1.00 (Strong Buy) from the two analysts that cover the company, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy recommendation.

Analysts have set a one year consensus price target of $15.00 for the company and are forecasting that the company will post $0.18 EPS 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 recently weighed in on CWCO shares. Zacks Investment Research downgraded Consolidated Water from a “hold” rating to a “sell” rating in a report on Monday, February 5th. TheStreet raised Consolidated Water from a “c+” rating to a “b-” rating in a research report on Friday, November 24th. Finally, Roth Capital set a $15.00 target price on Consolidated Water and gave the company a “buy” rating in a research report on Monday, November 13th.

Institutional investors have recently bought and sold shares of the stock. LSV Asset Management raised its position in Consolidated Water by 31.7% in the 4th quarter. LSV Asset Management now owns 454,627 shares of the utilities provider’s stock valued at $5,728,000 after buying an additional 109,327 shares during the last quarter. Uniplan Investment Counsel Inc. grew its holdings in shares of Consolidated Water by 37.5% during the 3rd quarter. Uniplan Investment Counsel Inc. now owns 395,565 shares of the utilities provider’s stock worth $5,063,000 after acquiring an additional 107,871 shares during the period. First Manhattan Co. grew its holdings in shares of Consolidated Water by 7.0% during the 4th quarter. First Manhattan Co. now owns 804,513 shares of the utilities provider’s stock worth $10,136,000 after acquiring an additional 52,600 shares during the period. Icon Advisers Inc. Co. grew its holdings in shares of Consolidated Water by 39.1% during the 3rd quarter. Icon Advisers Inc. Co. now owns 182,342 shares of the utilities provider’s stock worth $2,334,000 after acquiring an additional 51,300 shares during the period. Finally, NJ State Employees Deferred Compensation Plan grew its holdings in shares of Consolidated Water by 125.0% during the 3rd quarter. NJ State Employees Deferred Compensation Plan now owns 90,000 shares of the utilities provider’s stock worth $1,152,000 after acquiring an additional 50,000 shares during the period. 49.49% of the stock is currently owned by institutional investors.

Consolidated Water (NASDAQ:CWCO) traded up $0.05 during trading on Friday, hitting $12.55. 70,191 shares of the company’s stock traded hands, compared to its average volume of 45,373. Consolidated Water has a one year low of $10.05 and a one year high of $13.95. The firm has a market cap of $187.02, a PE ratio of 30.61, a P/E/G ratio of 2.47 and a beta of 0.75.

Consolidated Water (NASDAQ:CWCO) last released its quarterly earnings results on Thursday, November 9th. The utilities provider reported $0.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.03). Consolidated Water had a return on equity of 5.28% and a net margin of 9.72%. The firm had revenue of $16.57 million for the quarter, compared to analyst estimates of $15.00 million. sell-side analysts anticipate that Consolidated Water will post 0.54 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Wednesday, January 3rd were issued a $0.085 dividend. This is an increase from Consolidated Water’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Tuesday, January 2nd. This represents a $0.34 dividend on an annualized basis and a dividend yield of 2.71%. Consolidated Water’s dividend payout ratio (DPR) is presently 82.93%.

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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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