Consolidated Water (NASDAQ:CWCO) Upgraded to "Buy" at Wall Street Zen

Key Points

• Consolidated Water (NASDAQ:CWCO) has been upgraded from a "hold" to a "buy" rating by Wall Street Zen, indicating increasing analyst confidence in the stock.
• Following the upgrade, Roth Capital also raised its price target to $40.00, suggesting potential growth for investors.
• Consolidated Water reported earnings of $0.32 per share, exceeding expectations and demonstrating strong quarterly revenue performance.

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

A number of other equities analysts have also commented on the stock. Roth Capital raised their price objective on shares of Consolidated Water from $38.00 to $40.00 and gave the company a "buy" rating in a research report on Wednesday, August 13th. Weiss Ratings upgraded shares of Consolidated Water from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of "Buy" and an average price target of $40.00.

Consolidated Water Stock Up 0.4%

Shares of NASDAQ:CWCO opened at $33.61 on Friday. The firm has a market capitalization of $535.41 million, a PE ratio of 20.75 and a beta of 0.53. Consolidated Water has a twelve month low of $22.69 and a twelve month high of $35.48. The company has a 50-day moving average price of $33.00 and a two-hundred day moving average price of $28.96.

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

Insider Transactions at Consolidated Water

In other Consolidated Water news, Director Raymond Whittaker sold 4,755 shares of Consolidated Water stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $33.35, for a total transaction of $158,579.25. Following the completion of the sale, the director directly owned 1,000 shares in the company, valued at $33,350. The trade was a 82.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 6.25% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Consolidated Water

Hedge funds have recently bought and sold shares of the stock. Oliver Lagore Vanvalin Investment Group bought a new stake in Consolidated Water during the second quarter valued at approximately $30,000. Tower Research Capital LLC TRC lifted its position in Consolidated Water by 335.7% during the second quarter. Tower Research Capital LLC TRC now owns 1,512 shares of the utilities provider's stock valued at $45,000 after purchasing an additional 1,165 shares during the last quarter. CWM LLC lifted its position in Consolidated Water by 228.6% during the first 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 during the last quarter. Byrne Asset Management LLC lifted its position in Consolidated Water by 35.9% during the second 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 during the last quarter. Finally, New Age Alpha Advisors LLC bought a new stake in Consolidated Water during the first quarter valued at approximately $60,000. 55.16% of the stock is currently owned by institutional investors.

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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