Shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO) have received an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy rating.

Brokerages have set a twelve-month consensus price objective of $15.00 for the company and are anticipating that the company will post $0.18 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Consolidated Water Co. an industry rank of 120 out of 265 based on the ratings given to related companies.

A number of research firms have issued reports on CWCO. Zacks Investment Research lowered Consolidated Water Co. from a “hold” rating to a “sell” rating in a research report on Tuesday, November 14th. Roth Capital set a $15.00 price target on Consolidated Water Co. and gave the company a “buy” rating in a research report on Monday, November 13th. Finally, TheStreet lowered Consolidated Water Co. from a “b” rating to a “c+” rating in a research report on Wednesday, November 1st.

A number of hedge funds have recently bought and sold shares of the business. NJ State Employees Deferred Compensation Plan raised its position in shares of Consolidated Water Co. 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 in the last quarter. Goldman Sachs Group Inc. acquired a new stake in shares of Consolidated Water Co. during the 1st quarter worth about $196,000. Icon Advisers Inc. Co. raised its position in shares of Consolidated Water Co. by 16.9% during the 2nd quarter. Icon Advisers Inc. Co. now owns 131,042 shares of the utilities provider’s stock worth $1,625,000 after acquiring an additional 18,990 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of Consolidated Water Co. by 51.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 71,163 shares of the utilities provider’s stock worth $882,000 after acquiring an additional 24,256 shares in the last quarter. Finally, Nationwide Fund Advisors raised its position in shares of Consolidated Water Co. by 27.1% during the 2nd quarter. Nationwide Fund Advisors now owns 52,486 shares of the utilities provider’s stock worth $651,000 after acquiring an additional 11,200 shares in the last quarter. 47.87% of the stock is currently owned by institutional investors.

Shares of Consolidated Water Co. (NASDAQ CWCO) traded up $0.25 during trading on Friday, reaching $12.75. The company had a trading volume of 62,700 shares, compared to its average volume of 53,394. Consolidated Water Co. has a 12 month low of $9.80 and a 12 month high of $13.50. The stock has a market cap of $192.98, a PE ratio of 22.73, a price-to-earnings-growth ratio of 3.34 and a beta of 0.86.

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Monday, October 2nd were given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend was Friday, September 29th. Consolidated Water Co.’s dividend payout ratio is currently 75.00%.

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Consolidated Water Co. Company Profile

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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