Recent notable positive changes in fundamentals have benefitted California Water Service Group (NYSE: CWT): significant quarterly sales acceleration occurred, the consensus estimate for December, 2024 increased significantly, and significant quarterly earnings acceleration occurred.
California Water Service Group (NYSE: CWT) has benefited from notable positive changes in investment behavior: positive upside/downside volume developed.
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 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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. California Water Service Group has a neutral Appreciation Score of 43 and a neutral Power Rating of 40, producing the Negative Value Trend Rating.
Recent Price Action
On 5/24/24, California Water Service Group (NYSE: CWT) stock declined modestly by -1.6%, closing at $50.29. However, below average trading volume at 69% of normal accompanied the decline. Relative to the market the stock has been weak over the last nine months and has declined -5.6% during the last week.
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