At the time of writing, California Water Service Group [CWT] stock is trading at $45.79, up 1.98%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The CWT shares have gain 3.13% over the last week, with a monthly amount drifted -1.51%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
California Water Service Group [NYSE: CWT] stock has seen the most recent analyst activity on April 04, 2024, when UBS upgraded its rating to a Neutral. Previously, Wells Fargo downgraded its rating to Underweight on October 25, 2023, and dropped its price target to $47. On July 28, 2023, upgrade upgraded it’s rating to Buy but maintained its price target of $66 on the stock. Wells Fargo upgraded its rating to a Equal Weight and decreased its price target to $56 on June 28, 2023. UBS downgraded its rating to a Sell and reduced its price target to $51 on June 14, 2023. Seaport Research Partners upgraded its rating to Neutral for this stock on January 25, 2022, but kept the price target unchanged to $78. In a note dated April 16, 2021, Seaport Global Securities downgraded an Sell rating on this stock.
For the past year, the stock price of California Water Service Group fluctuated between $43.50 and $59.64. Currently, Wall Street analysts expect the stock to reach $49 within the next 12 months. California Water Service Group [NYSE: CWT] shares were valued at $45.79 at the most recent close of the market. An investor can expect a potential return of 7.01% based on the average CWT price forecast.
Analyzing the CWT fundamentals
According to California Water Service Group [NYSE:CWT], the company’s sales were 794.63M for trailing twelve months, which represents an 6.76% jump. Gross Profit Margin for this corporation currently stands at 0.51% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.04 and Total Capital is 0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.86.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 45.14 points at the first support level, and at 44.48 for the second support level. However, for the 1st resistance point, the stock is sitting at 46.12, and for the 2nd resistance point, it is at 46.44.
Ratios To Look Out For
It is important to note that California Water Service Group [NYSE:CWT] has a current ratio of 0.69. In addition, the Quick Ratio stands at 0.65 and the Cash Ratio stands at 0.2. Considering the valuation of this stock, the price to sales ratio is 3.32, the price to book ratio is 1.85 and price to earnings (TTM) ratio is 51.59.
Transactions by insiders
Recent insider trading involved Krummel Thomas M, Director, that happened on Jan 03 ’24 when 555.0 shares were sold. Director, Krummel Thomas M completed a deal on Dec 20 ’23 to sell 555.0 shares. Meanwhile, Corporate Secretary Mortensen Michelle R sold 675.0 shares on Dec 12 ’23.
