ValuEngine Upgrades Consolidated Water (CWCO) to Buy

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Consolidated Water (NASDAQ:CWCO) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Friday.

Separately, Zacks Investment Research raised shares of Consolidated Water from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research note on Thursday, August 16th.

Shares of Consolidated Water stock traded up $0.05 during trading on Friday, hitting $14.25. The company’s stock had a trading volume of 81,100 shares, compared to its average volume of 44,306. Consolidated Water has a 52 week low of $11.20 and a 52 week high of $15.35. The stock has a market cap of $200.52 million, a price-to-earnings ratio of 29.08, a P/E/G ratio of 2.66 and a beta of 0.71.

Consolidated Water (NASDAQ:CWCO) last issued its quarterly earnings data on Monday, August 13th. The utilities provider reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.01). Consolidated Water had a return on equity of 5.38% and a net margin of 11.46%. The business had revenue of $15.87 million during the quarter, compared to the consensus estimate of $15.70 million. equities research analysts anticipate that Consolidated Water will post 0.63 EPS for the current year.

A number of hedge funds have recently added to or reduced their stakes in the stock. Amundi Pioneer Asset Management Inc. lifted its holdings in Consolidated Water by 45.7% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 1,082,078 shares of the utilities provider’s stock valued at $15,745,000 after buying an additional 339,655 shares during the period. BlackRock Inc. lifted its holdings in Consolidated Water by 9.8% in the second quarter. BlackRock Inc. now owns 802,044 shares of the utilities provider’s stock valued at $10,346,000 after buying an additional 71,379 shares during the period. Uniplan Investment Counsel Inc. lifted its holdings in Consolidated Water by 1.3% in the first quarter. Uniplan Investment Counsel Inc. now owns 405,048 shares of the utilities provider’s stock valued at $5,893,000 after buying an additional 5,310 shares during the period. Renaissance Technologies LLC lifted its holdings in Consolidated Water by 41.1% in the second quarter. Renaissance Technologies LLC now owns 378,100 shares of the utilities provider’s stock valued at $4,877,000 after buying an additional 110,100 shares during the period. Finally, Northpointe Capital LLC lifted its holdings in Consolidated Water by 45.8% in the second quarter. Northpointe Capital LLC now owns 146,048 shares of the utilities provider’s stock valued at $1,884,000 after buying an additional 45,902 shares during the period. Institutional investors and hedge funds own 53.89% of the company’s stock.

Consolidated Water Company Profile

Consolidated Water Co Ltd., together with its subsidiaries, develops and operates seawater desalination plants and water distribution systems in the Cayman Islands, The Bahamas, Belize, the British Virgin Islands, Mexico, the United States, and Indonesia. The company operates through four segments: Retail, Bulk, Services, and Manufacturing.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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