Consolidated Water (NASDAQ:CWCO) Earns "Buy (B-)" Rating from Weiss Ratings

Key Points

• Consolidated Water (NASDAQ:CWCO) has received a "buy (B-)" rating from Weiss Ratings, confirming its position as an attractive investment option.
• Analysts have been optimistic, with Wall Street Zen upgrading the stock from "hold" to "buy" and Roth Capital raising its target price from $38.00 to $40.00.
• The company recently reported strong quarterly earnings of $0.32 EPS, exceeding estimates and showcasing a solid revenue growth of $33.59 million.

Consolidated Water (NASDAQ:CWCO - Get Free Report)'s stock had its "buy (b-)" rating restated by Weiss Ratings in a research note issued on Friday,Weiss Ratings reports.

A number of other analysts have also issued reports on the company. Wall Street Zen raised Consolidated Water from a "hold" rating to a "buy" rating in a research note on Saturday, October 11th. Roth Capital raised their target price on shares of 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.com, Consolidated Water presently has an average rating of "Buy" and an average price target of $40.00.

Consolidated Water Price Performance

CWCO traded up $0.16 during trading on Friday, hitting $35.44. The company's stock had a trading volume of 78,257 shares, compared to its average volume of 96,244. Consolidated Water has a twelve month low of $22.69 and a twelve month high of $36.88. The stock has a market cap of $564.56 million, a PE ratio of 21.88 and a beta of 0.53. The firm's 50 day moving average price is $34.04 and its 200-day moving average price is $29.76.

Consolidated Water (NASDAQ:CWCO - Get Free Report) last posted 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 business had revenue of $33.59 million for 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%. Equities analysts anticipate that Consolidated Water will post 1.27 earnings per share for the current year.

Insider Buying and Selling at Consolidated Water

In other news, Director Raymond Whittaker sold 4,755 shares of the business's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $33.35, for a total transaction of $158,579.25. Following the completion of the sale, the director owned 1,000 shares in the company, valued at approximately $33,350. The trade was a 82.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.25% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Avantax Advisory Services Inc. purchased a new stake in Consolidated Water during the first quarter worth approximately $244,000. Goldman Sachs Group Inc. lifted its holdings in shares of Consolidated Water by 8.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 171,037 shares of the utilities provider's stock valued at $4,189,000 after acquiring an additional 13,061 shares in the last quarter. Seizert Capital Partners LLC purchased a new stake in Consolidated Water during the 1st quarter worth $3,687,000. Allspring Global Investments Holdings LLC increased its holdings in Consolidated Water by 4.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 59,576 shares of the utilities provider's stock valued at $1,459,000 after purchasing an additional 2,323 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in Consolidated Water in the first quarter valued at about $273,000. 55.16% of the stock is owned by institutional investors and hedge funds.

About Consolidated Water

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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