Consolidated Water Co. Ltd. (NASDAQ:CWCO) has been given 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 investment analysts have rated the stock with a strong buy recommendation.

Brokers have set a one year consensus price target 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 189 out of 265 based on the ratings given to its competitors.

A number of analysts have issued reports on CWCO shares. Zacks Investment Research raised Consolidated Water from a “sell” rating to a “hold” rating in a research note on Wednesday, December 6th. TheStreet raised Consolidated Water from a “c+” rating to a “b-” rating in a research note on Friday, November 24th. Finally, Roth Capital set a $15.00 target price on Consolidated Water and gave the stock a “buy” rating in a research note on Monday, November 13th.

Shares of Consolidated Water (NASDAQ:CWCO) traded up $0.10 on Thursday, hitting $12.50. The company’s stock had a trading volume of 49,377 shares, compared to its average volume of 49,718. Consolidated Water has a twelve month low of $10.05 and a twelve month high of $13.95. The firm has a market cap of $186.27, a P/E ratio of 31.25, a PEG ratio of 2.41 and a beta of 0.75.

Consolidated Water (NASDAQ:CWCO) last issued its earnings results on Thursday, November 9th. The utilities provider reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.03). Consolidated Water had a return on equity of 5.28% and a net margin of 9.72%. The company had revenue of $16.57 million during the quarter, compared to analyst estimates of $15.00 million. equities analysts predict that Consolidated Water will post 0.54 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 3rd were issued a dividend of $0.085 per share. The ex-dividend date was Tuesday, January 2nd. This is a boost from Consolidated Water’s previous quarterly dividend of $0.08. This represents a $0.34 dividend on an annualized basis and a dividend yield of 2.72%. Consolidated Water’s dividend payout ratio is currently 85.00%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. 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 purchasing an additional 50,000 shares during the period. Nationwide Fund Advisors grew its holdings in shares of Consolidated Water 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 purchasing an additional 11,200 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of Consolidated Water by 7.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 278,936 shares of the utilities provider’s stock worth $3,568,000 after purchasing an additional 18,938 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 purchasing an additional 51,300 shares during the period. Finally, 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 purchasing an additional 107,871 shares during the period. Institutional investors and hedge funds own 49.49% 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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