Meaningful positive changes in California Water Service Group (NYSE: CWT) fundamentals have recently occurred: 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). Important positive changes in investment behavior have recently occurred: the stock’s recent price rise disrupted its longer term downtrend.
In light of these very positive signals we are reviewing our current Overall Rating of C. 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 C (Neutral). 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 42 and a neutral Power Rating of 59, triggering the Neutral Value Trend Rating.
Recent Price Action
California Water Service Group (NYSE: CWT) stock closed at $53.29 on 9/11/24 after a decline of -3.1%. Trading volume in this decline was normal. Relative to the market the stock has been strong over the last nine months but has declined -3.1% during the last week.
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