Consolidated Water (NASDAQ:CWCO) Rating Increased to Strong-Buy at Wall Street Zen

Consolidated Water (NASDAQ:CWCO) was upgraded by Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued on Saturday.

Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of Consolidated Water in a research note on Wednesday, January 21st. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $40.00.

Consolidated Water Price Performance

Consolidated Water stock opened at $35.29 on Friday. The stock’s 50 day moving average is $36.90 and its 200 day moving average is $35.31. Consolidated Water has a one year low of $22.69 and a one year high of $39.12. The firm has a market cap of $562.17 million, a P/E ratio of 36.38 and a beta of 0.50.

Hedge Funds Weigh In On Consolidated Water

Several large investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC increased its holdings in Consolidated Water by 41.7% during the 1st quarter. AQR Capital Management LLC now owns 46,480 shares of the utilities provider’s stock worth $1,138,000 after purchasing an additional 13,686 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Consolidated Water by 6.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,418 shares of the utilities provider’s stock worth $304,000 after purchasing an additional 798 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Consolidated Water by 8.3% in the first quarter. Goldman Sachs Group Inc. now owns 171,037 shares of the utilities provider’s stock valued at $4,189,000 after purchasing an additional 13,061 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Consolidated Water in the first quarter valued at approximately $230,000. Finally, Strs Ohio purchased a new position in shares of Consolidated Water during the first quarter valued at approximately $130,000. Institutional investors own 55.16% of the company’s stock.

Consolidated Water Company Profile

Consolidated Water Co Ltd. is a developer, operator and manufacturer of water treatment and desalination systems. The company designs, engineers, builds and operates reverse-osmosis desalination plants and water treatment facilities, offering both turnkey project delivery and ongoing operations and maintenance services. Its product portfolio includes modular desalination units, water distribution systems, filtration membranes and associated equipment for potable water production.

Consolidated Water serves municipalities, resorts, commercial enterprises and private customers in the Caribbean and the southeastern United States.