Equities research analysts at Robert W. Baird started coverage on shares of California Water Service Group Holding (NYSE:CWT) in a research report issued on Friday. The firm set a “neutral” rating and a $33.00 price target on the stock. Robert W. Baird’s price objective points to a potential upside of 2.77% from the company’s current price.

Other analysts also recently issued reports about the company. Barclays PLC reduced their target price on California Water Service Group Holding from $33.00 to $31.00 and set an “equal weight” rating for the company in a research note on Tuesday, September 6th. Zacks Investment Research upgraded California Water Service Group Holding from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a research note on Tuesday, July 12th. Finally, Hilliard Lyons upgraded California Water Service Group Holding from a “neutral” rating to a “buy” rating and set a $36.00 target price for the company in a research note on Monday, October 10th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $33.60.

Analyst Recommendations for California Water  Service Group Holding (NYSE:CWT)

Shares of California Water Service Group Holding (NYSE:CWT) opened at 32.11 on Friday. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 34.90 and a beta of 0.54. The firm has a 50-day moving average price of $31.58 and a 200 day moving average price of $30.86. California Water Service Group Holding has a 1-year low of $21.01 and a 1-year high of $35.62.

California Water Service Group Holding (NYSE:CWT) last issued its earnings results on Thursday, July 28th. The company reported $0.24 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.24. The company earned $152.40 million during the quarter, compared to the consensus estimate of $121.55 million. California Water Service Group Holding had a return on equity of 6.94% and a net margin of 7.43%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the business posted $0.21 EPS. On average, analysts predict that California Water Service Group Holding will post $1.04 EPS for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Fund Advisors increased its position in California Water Service Group Holding by 162.0% in the first quarter. BlackRock Fund Advisors now owns 2,991,375 shares of the company’s stock worth $79,930,000 after buying an additional 1,849,655 shares during the period. Goldman Sachs Group Inc. increased its position in shares of California Water Service Group Holding by 766.1% in the first quarter. Goldman Sachs Group Inc. now owns 1,104,492 shares of the company’s stock worth $29,512,000 after buying an additional 976,963 shares during the last quarter. Adage Capital Partners GP L.L.C. acquired a new position in shares of California Water Service Group Holding during the second quarter worth $17,465,000. Credit Suisse AG increased its position in shares of California Water Service Group Holding by 260.3% in the second quarter. Credit Suisse AG now owns 440,881 shares of the company’s stock worth $15,400,000 after buying an additional 318,525 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of California Water Service Group Holding by 6.8% in the second quarter. Vanguard Group Inc. now owns 4,419,785 shares of the company’s stock worth $154,384,000 after buying an additional 282,307 shares during the last quarter. Institutional investors and hedge funds own 73.30% of the company’s stock.

California Water Service Group Holding Company Profile

California Water Service Group is a holding company that provides water utility and other related services in California, Washington, New Mexico and Hawaii through its subsidiaries. It operates through supply and distribution of water, and providing water-related utility services segment. Its business comprises the production, purchase, storage, treatment, testing, distribution and sale of water for domestic, industrial, public and irrigation uses, and for fire protection.

5 Day Chart for NYSE:CWT

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