Consolidated Water (NASDAQ:CWCO) Rating Increased to Buy (B-) at Weiss Ratings

Key Points

• Consolidated Water has been upgraded by Weiss Ratings from a "hold (c+)" rating to a "buy (b-)" rating, indicating increased analyst confidence.
• Roth Capital has also raised its target price for Consolidated Water from $38.00 to $40.00, while two analysts maintain a consensus rating of "Buy" for the stock.
• During recent trading, Consolidated Water's stock price increased by 1.1%, reaching $33.50, with a reported market capitalization of approximately $533.66 million.

Consolidated Water (NASDAQ:CWCO - Get Free Report) was upgraded by analysts at Weiss Ratings from a "hold (c+)" rating to a "buy (b-)" rating in a research note issued on Wednesday,Weiss Ratings reports.

Several other equities research analysts also recently commented on CWCO. Roth Capital boosted 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. Wall Street Zen cut shares of Consolidated Water from a "buy" rating to a "hold" rating in a report on Saturday, September 20th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Consolidated Water has a consensus rating of "Buy" and an average price target of $40.00.

Consolidated Water Trading Up 1.1%

Consolidated Water stock traded up $0.37 during mid-day trading on Wednesday, reaching $33.50. The company had a trading volume of 74,540 shares, compared to its average volume of 100,726. Consolidated Water has a fifty-two week low of $22.69 and a fifty-two week high of $35.48. The company has a market cap of $533.66 million, a P/E ratio of 20.68 and a beta of 0.53. The business has a fifty day simple moving average of $32.81 and a 200 day simple moving average of $28.83.

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

Insider Transactions at Consolidated Water

In other news, Director Raymond Whittaker sold 4,755 shares of Consolidated Water stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $33.35, for a total transaction of $158,579.25. Following the transaction, the director owned 1,000 shares in the company, valued at $33,350. The trade was a 82.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 6.25% of the company's stock.

Institutional Investors Weigh In On Consolidated Water

Several large investors have recently modified their holdings of CWCO. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of Consolidated Water in the second quarter valued at $30,000. Tower Research Capital LLC TRC grew its holdings in Consolidated Water by 335.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,512 shares of the utilities provider's stock valued at $45,000 after buying an additional 1,165 shares during the period. CWM LLC lifted its stake in shares of Consolidated Water by 228.6% in the 1st quarter. CWM LLC now owns 1,860 shares of the utilities provider's stock valued at $46,000 after purchasing an additional 1,294 shares in the last quarter. New Age Alpha Advisors LLC acquired a new position in shares of Consolidated Water in the 1st quarter valued at about $60,000. Finally, Byrne Asset Management LLC lifted its stake in shares of Consolidated Water by 35.9% in the 2nd quarter. Byrne Asset Management LLC now owns 2,254 shares of the utilities provider's stock valued at $68,000 after purchasing an additional 595 shares in the last quarter. 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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