For its first fiscal quarter (ending March 31), California Water Service Group (NYSE: CWT) has reported E.P.S. of $1.21 compared to $-0.40 a year ago. E.P.S. were $2.50 for the latest four quarters through March 31 versus $1.35 for the same period a year ago.
Recent Price Action
On 4/25/24, California Water Service Group (NYSE: CWT) stock enjoyed a large increase of 3.2%, closing at $48.05. Moreover, this advance was accompanied by above average trading volume at 146% of normal. The stock has risen 8.8% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
CWT is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
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 Appreciation Score of 46 and a slightly negative Power Rating of 35, triggering the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
Be the first to comment