Global Water Resources, Inc. (NASDAQ:GWRS) has earned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.

Brokers have set a twelve-month consensus price target of $10.50 for the company and are forecasting that the company will post $0.04 EPS 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 its competitors.

A number of brokerages have commented on GWRS. Roth Capital reissued a “buy” rating on shares of Global Water Resources in a report on Tuesday, May 31st. Zacks Investment Research raised Global Water Resources from a “sell” rating to a “hold” rating in a report on Monday, September 12th.

In other Global Water Resources news, Director William S. Levine bought 10,000 shares of Global Water Resources stock in a transaction dated Wednesday, September 7th. The stock was bought at an average cost of $7.93 per share, with a total value of $79,300.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Several institutional investors have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. acquired a new position in Global Water Resources during the second quarter valued at about $132,000. Connors Investor Services Inc. purchased a new position in shares of Global Water Resources during the second quarter valued at $220,000. Spark Investment Management LLC purchased a new position in shares of Global Water Resources during the second quarter valued at $231,000. Royal Bank of Canada purchased a new position in shares of Global Water Resources during the second quarter valued at $244,000. Finally, WFG Advisors LP purchased a new position in shares of Global Water Resources during the second quarter valued at $325,000.

Global Water Resources (NASDAQ:GWRS) opened at 8.02 on Monday. Global Water Resources has a one year low of $6.23 and a one year high of $9.18. The firm has a market capitalization of $153.76 million and a PE ratio of 8.25. The firm has a 50-day moving average price of $7.98 and a 200 day moving average price of $7.86.

Global Water Resources (NASDAQ:GWRS) last issued its quarterly earnings data on Thursday, August 11th. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by $0.21.

The firm also recently announced a monthly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 16th will be issued a $0.022 dividend. This represents a $0.26 annualized dividend and a dividend yield of 3.29%. The ex-dividend date of this dividend is Wednesday, September 14th.

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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