Alert: Negative Investment/Fundamental Signals (11/11/19)-California Water Service Group (NYSE: CWT)


Recent exceptional negative changes in investment behavior have affected California Water Service Group (NYSE: CWT): the stock’s recent price decline challenged its longer term uptrend, and negative upside/downside volume developed.

California Water Service Group (NYSE: CWT) has recently experienced significant negative changes in fundamentals: the consensus estimate for December, 2020 decreased significantly, and significant quarterly earnings deceleration occurred.

In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.


Current PriceTarget Research Rating

CWT’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.

CWT has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. CWT has a poor Appreciation Score of 19 but a good Power Rating of 73, resulting in the Low Neutral Value Trend Rating.

Recent Price Action

California Water Service Group (NYSE: CWT) stock declined slightly by -0.1% on 11/11/19. The stock closed at $50.49. However, this decline was accompanied by below average trading volume at 82% of normal. The stock has declined -10.0% during the last week but has been strong relative to the market over the last nine months.

About John Lafferty 61810 Articles
During his career, John has developed valuation and stock rating methodologies, managed institutional portfolios and mutual funds, and provided equity research to institutional investors on thousands of companies. He has been Director of Research at PTR since its inception in 2004.

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