Shares of Global Water Resources Inc (NASDAQ:GWRS) have received a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.

Brokers have set a 12-month consensus target price of $12.50 for the company and are forecasting that the company will post $0.03 EPS for the current quarter, according to Zacks. Zacks has also assigned Global Water Resources an industry rank of 142 out of 254 based on the ratings given to its competitors.

Several research analysts recently commented on the stock. TheStreet downgraded shares of Global Water Resources from a “b-” rating to a “c” rating in a report on Thursday, March 5th. BidaskClub downgraded shares of Global Water Resources from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Zacks Investment Research upgraded shares of Global Water Resources from a “sell” rating to a “hold” rating in a research note on Tuesday, May 12th.

Shares of NASDAQ GWRS traded down $0.24 during trading on Thursday, hitting $10.21. 154,907 shares of the company traded hands, compared to its average volume of 32,254. Global Water Resources has a fifty-two week low of $8.51 and a fifty-two week high of $14.99. The company has a debt-to-equity ratio of 3.27, a quick ratio of 2.26 and a current ratio of 2.26. The business’s fifty day moving average is $10.71 and its 200 day moving average is $11.78. The firm has a market capitalization of $230.10 million, a price-to-earnings ratio of 170.17, a P/E/G ratio of 6.81 and a beta of 0.42.

Global Water Resources (NASDAQ:GWRS) last issued its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $0.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.03. Global Water Resources had a net margin of 3.39% and a return on equity of 4.33%. The business had revenue of $8.23 million during the quarter, compared to the consensus estimate of $8.30 million. On average, analysts predict that Global Water Resources will post 0.1 EPS for the current year.

The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be issued a dividend of $0.0241 per share. The ex-dividend date is Monday, June 15th. This represents a $0.29 annualized dividend and a dividend yield of 2.83%. This is a positive change from Global Water Resources’s previous monthly dividend of $0.02. Global Water Resources’s dividend payout ratio (DPR) is currently 290.00%.

A number of institutional investors have recently made changes to their positions in GWRS. California Public Employees Retirement System bought a new stake in Global Water Resources in the 4th quarter worth $141,000. State Street Corp grew its holdings in Global Water Resources by 9.0% in the 4th quarter. State Street Corp now owns 200,878 shares of the utilities provider’s stock worth $2,642,000 after acquiring an additional 16,583 shares during the last quarter. Barclays PLC grew its holdings in Global Water Resources by 19.9% in the 4th quarter. Barclays PLC now owns 36,055 shares of the utilities provider’s stock worth $474,000 after acquiring an additional 5,994 shares during the last quarter. Delta Investment Management LLC bought a new stake in shares of Global Water Resources during the 4th quarter valued at about $40,744,000. Finally, Citigroup Inc. boosted its stake in shares of Global Water Resources by 56.9% during the 4th quarter. Citigroup Inc. now owns 3,082 shares of the utilities provider’s stock valued at $41,000 after purchasing an additional 1,118 shares in the last quarter. 42.57% of the stock is currently owned by institutional investors and hedge funds.

Global Water Resources Company Profile

Global Water Resources, Inc, a water resource management company, owns, operates, and manages regulated water, wastewater, and recycled water utilities primarily in metropolitan Phoenix, Arizona. As of December 31, 2018, it served approximately 55,000 people in 21,000 homes. The company was founded in 2003 and is based in Phoenix, Arizona.

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