Shares of Global Water Resources, Inc. (NASDAQ:GWRS) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.
Analysts have set a one year consensus price target of $10.50 for the company and are anticipating that the company will post $0.04 earnings per share for the current quarter, according to Zacks. Zacks has also given Global Water Resources an industry rank of 112 out of 265 based on the ratings given to related companies.
GWRS has been the topic of several research analyst reports. Roth Capital reaffirmed a “buy” rating on shares of Global Water Resources in a research note on Saturday, July 9th. Zacks Investment Research raised Global Water Resources from a “hold” rating to a “buy” rating and set a $9.25 target price on the stock in a research note on Tuesday, August 2nd.
Global Water Resources (NASDAQ:GWRS) opened at 8.02 on Monday. Global Water Resources has a 1-year low of $6.23 and a 1-year high of $9.18. The firm has a market capitalization of $153.76 million and a PE ratio of 8.25. The stock’s 50 day moving average is $7.98 and its 200-day moving average is $7.86.
Global Water Resources (NASDAQ:GWRS) last issued its quarterly earnings results on Thursday, August 11th. The company reported ($0.19) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.02 by $0.21.
The firm also recently announced a monthly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 16th will be paid a dividend of $0.022 per share. The ex-dividend date is Wednesday, September 14th. This represents a $0.26 annualized dividend and a yield of 3.29%.
In other Global Water Resources news, Director William S. Levine bought 10,000 shares of the stock in a transaction on Wednesday, September 7th. The shares were bought at an average price of $7.93 per share, with a total value of $79,300.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.
A number of institutional investors have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. purchased a new stake in shares of Global Water Resources during the second quarter valued at about $132,000. Connors Investor Services Inc. purchased a new stake in shares of Global Water Resources during the second quarter valued at about $220,000. Spark Investment Management LLC purchased a new stake in shares of Global Water Resources during the second quarter valued at about $231,000. Royal Bank of Canada purchased a new stake in shares of Global Water Resources during the second quarter valued at about $244,000. Finally, WFG Advisors LP purchased a new stake in shares of Global Water Resources during the second quarter valued at about $325,000.
About Global Water Resources
Global Water Resources, Inc is a water resource management company that provides water, wastewater and recycled water utility services. The Company owns and operates 16 water and wastewater utilities in strategically targeted communities in metropolitan Phoenix, Arizona. It serves more than 60,000 people in approximately 23,000 homes within its 378 square miles of service areas; 206 square miles have been certificated and are serviced by seven regulated operating subsidiaries.
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