Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for California Water Service Group (NYSE: CWT) weakened during the last several trading days. CWT’s current Value Trend Rating is D and the prior Rating was C. Details supporting this lower rating are included in our next report.
Recent Price Action
California Water Service Group (NYSE: CWT) stock declined slightly by -0.8% on 3/1/24. The stock closed at $45.53. Trading volume in this decline was normal. The stock has been weak relative to the market over the last nine months and has declined -2.6% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, CWT is expected to continue to be a Value Builder.
California Water Service Group has a current Value Trend Rating of D (Negative). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. California Water Service Group has a neutral Power Rating of 44 and a slightly negative Appreciation Score of 32, producing the Negative Value Trend Rating.
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