Wall Street Zen Upgrades Consolidated Water (NASDAQ:CWCO) to Buy

Key Points

• Consolidated Water (NASDAQ:CWCO) has been upgraded from a "hold" to a "buy" rating by Wall Street Zen, reflecting positive sentiment from analysts.
• Roth Capital also reissued a "buy" rating with an increased price target of $40.00, up from $38.00, indicating strong growth expectations for the company.
• The stock is currently down 1.1% and trades at approximately $32.37, with a market capitalization of $515.65 million and a PE ratio of 19.98.

Consolidated Water (NASDAQ:CWCO - Get Free Report) was upgraded by analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a note issued to investors on Saturday.

Separately, Roth Capital increased their target price on shares of Consolidated Water from $38.00 to $40.00 and gave the stock a "buy" rating in a report on Wednesday, August 13th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Consolidated Water presently has an average rating of "Buy" and a consensus price target of $40.00.

Consolidated Water Price Performance

CWCO traded up $0.09 during trading on Friday, reaching $32.49. The company had a trading volume of 68,311 shares, compared to its average volume of 113,413. Consolidated Water has a 12 month low of $22.69 and a 12 month high of $34.26. The business's fifty day moving average price is $30.07 and its 200 day moving average price is $27.30. The company has a market cap of $517.57 million, a P/E ratio of 20.06 and a beta of 0.53.

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

Institutional Trading of Consolidated Water

A number of hedge funds have recently modified their holdings of CWCO. Geode Capital Management LLC lifted its stake in shares of Consolidated Water by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 438,223 shares of the utilities provider's stock worth $11,347,000 after buying an additional 15,060 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of Consolidated Water by 16.4% during the 4th quarter. Wells Fargo & Company MN now owns 11,601 shares of the utilities provider's stock worth $300,000 after buying an additional 1,635 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Consolidated Water by 13.0% during the 4th quarter. Russell Investments Group Ltd. now owns 6,905 shares of the utilities provider's stock worth $179,000 after buying an additional 794 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Consolidated Water by 6.8% during the 4th quarter. Invesco Ltd. now owns 240,544 shares of the utilities provider's stock worth $6,228,000 after buying an additional 15,263 shares during the last quarter. Finally, Barclays PLC lifted its stake in shares of Consolidated Water by 14.7% during the 4th quarter. Barclays PLC now owns 23,340 shares of the utilities provider's stock worth $605,000 after buying an additional 2,990 shares during the last quarter. Institutional investors and hedge funds own 55.16% of the company's stock.

Consolidated Water Company Profile

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.