Connecticut Water Service (NASDAQ:CTWS) Stock Rating Upgraded by BidaskClub

BidaskClub upgraded shares of Connecticut Water Service (NASDAQ:CTWS) from a sell rating to a hold rating in a research report report published on Wednesday, June 26th, BidAskClub reports.

Several other equities research analysts have also recently issued reports on CTWS. Zacks Investment Research upgraded shares of Grana y Montero SAA from a sell rating to a hold rating in a research report on Monday, June 10th. Wells Fargo & Co set a $68.00 target price on shares of Emergent Biosolutions and gave the company a hold rating in a research note on Friday, March 1st. Finally, TheStreet raised shares of Washington Prime Group from a d+ rating to a c rating in a research note on Thursday, March 7th. Three equities research analysts have rated the stock with a sell rating and one has issued a hold rating to the stock. The stock currently has an average rating of Sell and a consensus target price of $66.50.

Connecticut Water Service stock traded down $0.01 during trading hours on Wednesday, hitting $70.00. 27,871 shares of the stock were exchanged, compared to its average volume of 41,741. Connecticut Water Service has a 12 month low of $62.05 and a 12 month high of $70.44. The stock has a 50-day moving average of $69.27. The stock has a market capitalization of $842.51 million, a PE ratio of 30.62 and a beta of -0.05. The company has a quick ratio of 0.45, a current ratio of 0.47 and a debt-to-equity ratio of 0.88.

Connecticut Water Service (NASDAQ:CTWS) last issued its earnings results on Wednesday, May 8th. The utilities provider reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.02). The firm had revenue of $27.86 million during the quarter. Connecticut Water Service had a net margin of 16.21% and a return on equity of 8.72%. As a group, sell-side analysts expect that Connecticut Water Service will post 2.3 EPS for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the business. NEXT Financial Group Inc boosted its stake in Connecticut Water Service by 62.6% in the 2nd quarter. NEXT Financial Group Inc now owns 1,075 shares of the utilities provider’s stock worth $75,000 after purchasing an additional 414 shares during the period. FMR LLC grew its holdings in Connecticut Water Service by 50.1% in the fourth quarter. FMR LLC now owns 1,543 shares of the utilities provider’s stock valued at $103,000 after purchasing an additional 515 shares during the period. Contravisory Investment Management Inc. acquired a new stake in Connecticut Water Service in the first quarter valued at approximately $119,000. Legal & General Group Plc grew its holdings in Connecticut Water Service by 27.8% in the fourth quarter. Legal & General Group Plc now owns 2,360 shares of the utilities provider’s stock valued at $158,000 after purchasing an additional 514 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in Connecticut Water Service in the first quarter valued at approximately $173,000. Institutional investors and hedge funds own 51.08% of the company’s stock.

Connecticut Water Service Company Profile

Connecticut Water Service, Inc, together with its subsidiaries, operates as a regulated water company. The company operates through three segments: Water Operations, Real Estate Transactions, and Services and Rentals. The Water Operations segment supplies public drinking water and provides wastewater services.

Further Reading: What is diluted earnings per share (Diluted EPS)?

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