Consolidated Water (NASDAQ:CWCO) Raised to “Buy” at Wall Street Zen

Consolidated Water (NASDAQ:CWCOGet Free Report) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Several other research analysts have also recently issued reports on CWCO. Weiss Ratings upgraded Consolidated Water from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 8th. Roth Capital boosted their target price on Consolidated Water from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, August 13th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, Consolidated Water currently has a consensus rating of “Buy” and a consensus target price of $40.00.

Read Our Latest Analysis on Consolidated Water

Consolidated Water Stock Performance

NASDAQ:CWCO opened at $33.61 on Friday. The stock has a fifty day moving average price of $33.00 and a two-hundred day moving average price of $29.03. The stock has a market capitalization of $535.41 million, a price-to-earnings ratio of 20.75 and a beta of 0.53. Consolidated Water has a 1 year low of $22.69 and a 1 year high of $35.48.

Consolidated Water (NASDAQ:CWCOGet Free Report) last released its quarterly earnings data on Monday, August 11th. The utilities provider reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.12. The firm had revenue of $33.59 million during the quarter, compared to analysts’ expectations of $32.75 million. Consolidated Water had a return on equity of 7.77% and a net margin of 12.24%. On average, analysts predict that Consolidated Water will post 1.27 EPS for the current year.

Insiders Place Their Bets

In other Consolidated Water news, Director Raymond Whittaker sold 4,755 shares of the company’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $33.35, for a total value of $158,579.25. Following the sale, the director owned 1,000 shares of the company’s stock, valued at approximately $33,350. This represents a 82.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 6.25% of the company’s stock.

Hedge Funds Weigh In On Consolidated Water

A number of institutional investors have recently made changes to their positions in the stock. Kingstone Capital Partners Texas LLC acquired a new position in shares of Consolidated Water in the second quarter worth $31,013,000. JPMorgan Chase & Co. raised its holdings in shares of Consolidated Water by 18.9% in the second quarter. JPMorgan Chase & Co. now owns 637,378 shares of the utilities provider’s stock worth $19,134,000 after acquiring an additional 101,434 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Consolidated Water by 1.1% in the second quarter. Geode Capital Management LLC now owns 433,685 shares of the utilities provider’s stock worth $13,021,000 after acquiring an additional 4,711 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Consolidated Water by 27.3% in the first quarter. Invesco Ltd. now owns 306,288 shares of the utilities provider’s stock worth $7,501,000 after acquiring an additional 65,744 shares during the last quarter. Finally, Heartland Advisors Inc. raised its holdings in shares of Consolidated Water by 146.8% in the first quarter. Heartland Advisors Inc. now owns 270,100 shares of the utilities provider’s stock worth $6,615,000 after acquiring an additional 160,657 shares during the last quarter. 55.16% of the stock is owned by institutional investors and hedge funds.

Consolidated Water Company Profile

(Get Free Report)

Consolidated Water Co Ltd., together with its subsidiaries, designs, constructs, manages, and operates water production and water treatment plants primarily in the Cayman Islands, the Bahamas, and the United States. The company operates through four segments: Retail, Bulk, Services, and Manufacturing.

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