Recent exceptional positive changes in investment behavior have benefitted California Water Service Group (NYSE: CWT): its shorter term price trend turned up, and the stock’s recent price rise disrupted its longer term downtrend.
California Water Service Group (NYSE: CWT) has benefited from significant positive changes in fundamentals: significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of D. We would view the shares with optimism 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 Value Builder.
California Water Service Group has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. California Water Service Group has a neutral Appreciation Score of 43 and a slightly negative Power Rating of 32, with the Negative Value Trend Rating the result.
Recent Price Action
California Water Service Group (NYSE: CWT) stock closed at $49.12 on 4/30/24 after an increase of 1.4%. Moreover, above average trading volume at 139% of normal accompanied the advance. Relative to the market the stock has been weak over the last nine months but has risen 8.1% during the last week.
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