Analysts predict California Water Service Group (CWT) stock to reach $53 in the next 12 months

California Water Service Group [CWT] stock is trading at $55.33, up 0.45%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CWT shares have gain 3.25% over the last week, with a monthly amount glided 2.69%, and 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 July 31, 2024, when Wells Fargo upgraded its rating to a Equal Weight and also boosted its price target to $57 from $50. Previously, UBS upgraded its rating to Neutral on April 04, 2024. On October 25, 2023, downgrade downgraded it’s rating to Underweight and revised its price target to $47 on the stock. Janney upgraded its rating to a Buy but stick to its price target of $66 on July 28, 2023. Wells Fargo upgraded its rating to a Equal Weight and reduced its price target to $56 on June 28, 2023. UBS downgraded its rating to Sell for this stock on June 14, 2023, and downed its price target to $51. In a note dated January 25, 2022, Seaport Research Partners upgraded an Neutral rating on this stock but restated the target price of $78.

California Water Service Group [CWT] stock has fluctuated between $43.50 and $55.22 over the past year. Currently, Wall Street analysts expect the stock to reach $53 within the next 12 months. California Water Service Group [NYSE: CWT] shares were valued at $55.33 at the most recent close of the market. An investor can expect a potential drop of -4.21% based on the average CWT price forecast.

Analyzing the CWT fundamentals

California Water Service Group [NYSE:CWT] reported sales of 984.54M for the trailing twelve months, which represents a growth of 25.90%. Gross Profit Margin for this corporation currently stands at 0.47% with Operating Profit Margin at 0.22%, Pretax Profit Margin comes in at 0.2%, and Net Profit Margin reading is 0.18%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.12 and Total Capital is 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.84.

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 54.93 points at the first support level, and at 54.54 for the second support level. However, for the 1st resistance point, the stock is sitting at 55.60, and for the 2nd resistance point, it is at 55.88.

Ratios To Look Out For

For context, California Water Service Group’s Current Ratio is 0.52. Also, the Quick Ratio is 0.49, while the Cash Ratio stands at 0.16. Considering the valuation of this stock, the price to sales ratio is 3.31, the price to book ratio is 2.11 and price to earnings (TTM) ratio is 18.30.

Transactions by insiders

Recent insider trading involved Krummel Thomas M, Director, that happened on Aug 21 ’24 when 555.0 shares were sold. Director, Krummel Thomas M completed a deal on Aug 07 ’24 to sell 555.0 shares. Meanwhile, Director Krummel Thomas M bought 1665.0 shares on Aug 07 ’24.

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