California Water Service Group (CWT) Getting Somewhat Positive Press Coverage, Analysis Shows

News stories about California Water Service Group (NYSE:CWT) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. California Water Service Group earned a coverage optimism score of 0.11 on Accern’s scale. Accern also gave media stories about the utilities provider an impact score of 47.7034834355957 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:

Shares of California Water Service Group (CWT) traded down $0.25 on Monday, hitting $42.85. 235,900 shares of the stock were exchanged, compared to its average volume of 215,111. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.47 and a quick ratio of 0.46. The stock has a market cap of $2,057.45, a P/E ratio of 30.18, a PEG ratio of 5.03 and a beta of 0.74. California Water Service Group has a 1-year low of $32.65 and a 1-year high of $46.15.

California Water Service Group (NYSE:CWT) last announced its quarterly earnings results on Thursday, October 26th. The utilities provider reported $0.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.02. The business had revenue of $211.70 million during the quarter, compared to the consensus estimate of $203.00 million. California Water Service Group had a net margin of 10.46% and a return on equity of 10.31%. The business’s revenue was up 14.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.48 EPS. equities analysts forecast that California Water Service Group will post 1.33 EPS for the current fiscal year.

A number of equities analysts have commented on CWT shares. Zacks Investment Research upgraded shares of California Water Service Group from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research report on Friday, October 27th. Barclays increased their price target on shares of California Water Service Group from $30.00 to $32.00 and gave the company an “underweight” rating in a report on Friday, September 22nd. Two research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $36.75.

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About California Water Service Group

California Water Service Group is a holding company. The Company operates through the supply and distribution of water and providing water-related utility services segment. The Company, through its subsidiaries, provides non-regulated services and non-regulated services to private companies and municipalities.

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