Extremely important positive changes in investment behavior have recently occurred for California Water Service Group (NYSE: CWT): the stock rose on very heavy volume, and its shorter term price trend turned up.
California Water Service Group (NYSE: CWT). Notable positive changes in fundamentals have recently occurred: 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 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 inconsistent signals. California Water Service Group has a neutral Appreciation Score of 43 but a poor Power Rating of 25, producing the Negative Value Trend Rating.
Recent Price Action
California Water Service Group (NYSE: CWT) stock closed at $53.88 on 8/1/24 after a modest gain of 0.8%. Moreover, exceptionally high trading volume at 220% of normal accompanied the advance. Relative to the market the stock has been weak over the last nine months but has risen 3.0% during the last week.
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