California Water Service Group (CWT) Stock Forecast, Price Target & Predictions

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CWT Stock Forecast

California Water Service Group stock forecast is as follows: an average price target of $53.00 (represents a 3.76% upside from CWT’s last price of $51.08) and a rating consensus of 'Hold', based on 3 wall street analysts offering a 1-year stock forecast.

CWT Price Target

The average price target for California Water Service Group (CWT) is $53.00 based on 1-year price targets from 3 Wall Street analysts in the past 3 months, with a price target range of $57.00 to $49.00. This represents a potential 3.76% upside from CWT's last price of $51.08.

CWT Analyst Ratings

Hold

According to 3 Wall Street analysts, California Water Service Group's rating consensus is 'Hold'. The analyst rating breakdown for CWT stock is 0 'Strong Buy' (0.00%), 1 'Buy' (33.33%), 2 'Hold' (66.67%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

California Water Service Group Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Jul 31, 2024	Jonathan Reeder	Wells Fargo	$57.00	$53.32	6.90%	11.59%
Apr 04, 2024	Gregg Orrill	UBS	$49.00	$45.97	6.59%	-4.07%
Nov 30, 2022	-	UBS	$67.00	$63.06	6.24%	31.17%

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The latest California Water Service Group stock forecast, released on Jul 31, 2024 by Jonathan Reeder from Wells Fargo, set a price target of $57.00, which represents a 6.90% increase from the stock price at the time of the forecast ($53.32), and a 11.59% increase from CWT last price ($51.08).

California Water Service Group Price Target by Period

	1M	3M	12M
# Anlaysts	-	-	2
Avg Price Target	-	-	$53.00
Last Closing Price	$51.08	$51.08	$51.08
Upside/Downside	-100.00%	-100.00%	3.76%

In the current month, the average price target of California Water Service Group stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to California Water Service Group's last price of $51.08. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Jul 31, 2024	Wells Fargo	-	Equal-Weight	Upgrade
Jul 28, 2023	Janney Montgomery	-	Buy	Upgrade
Nov 30, 2022	UBS	-	Neutral	Initialise

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California Water Service Group's last stock rating was published by Wells Fargo on Jul 31, 2024. The company Upgrade its CWT rating from "null" to "Equal-Weight".

California Water Service Group Financial Forecast

California Water Service Group Revenue Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	$214.51M	$254.98M	$194.04M	$131.10M	$200.94M	$266.31M	$206.19M	$172.99M	$173.33M	$256.72M	$213.12M	$147.74M	$189.15M	$304.11M	$175.48M	$125.56M	$176.88M	$232.54M
Avg Forecast	$262.00M	$321.00M	$241.00M	$197.00M	$247.00M	$303.00M	$227.00M	$182.00M	$231.00M	$289.55M	$216.25M	$183.85M	$273.61M	$269.80M	$233.37M	$183.90M	$199.05M	$255.00M	$223.00M	$158.35M	$197.00M	$334.83M	$202.09M	$69.68M	$172.92M	$286.61M	$228.74M	$69.33M	$176.54M	$224.50M
High Forecast	$265.30M	$325.04M	$244.03M	$199.48M	$250.11M	$306.81M	$229.86M	$184.51M	$234.89M	$289.63M	$218.97M	$186.16M	$277.77M	$273.20M	$236.30M	$186.22M	$201.56M	$255.00M	$223.00M	$158.35M	$197.00M	$334.83M	$202.09M	$69.68M	$172.92M	$286.61M	$228.74M	$69.33M	$176.54M	$224.50M
Low Forecast	$258.69M	$316.95M	$237.96M	$194.51M	$243.88M	$299.18M	$224.14M	$179.48M	$227.10M	$289.48M	$213.52M	$181.53M	$269.43M	$266.40M	$230.42M	$181.58M	$196.54M	$255.00M	$223.00M	$158.35M	$197.00M	$334.83M	$202.09M	$69.68M	$172.92M	$286.61M	$228.74M	$69.33M	$176.54M	$224.50M
# Analysts	1	1	1	1	1	1	1	1	2	1	1	1	2	1	1	1	1	1	1	1	1	1	1	1	5	4	5	4	4	3
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	0.78%	0.95%	0.83%	0.71%	1.01%	1.04%	0.92%	1.09%	0.88%	0.77%	1.05%	2.12%	1.09%	1.06%	0.77%	1.81%	1.00%	1.04%

California Water Service Group's average Quarter revenue forecast for Mar 24 based on 1 analysts is $183.85M, with a low forecast of $181.53M, and a high forecast of $186.16M. CWT's average Quarter revenue forecast represents a -14.29% decrease compared to the company's last Quarter revenue of $214.51M (Dec 23).

California Water Service Group EBITDA Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	1	1	1	1	1	1	1	1	2	1	1	1	2	1	1	1	1	1	1	1	1	1	1	1	5	4	5	4	4	3
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	$59.03M	$80.64M	$53.20M	$14.32M	$56.88M	$101.80M	$60.42M	$39.43M	$42.15M	$103.51M	$79.38M	$34.82M	$53.30M	$146.20M	$42.36M	$9.79M	$47.74M	$86.32M
Avg Forecast	$77.27M	$94.67M	$71.08M	$58.10M	$72.85M	$89.36M	$66.95M	$53.68M	$68.13M	$85.39M	$63.78M	$65.49M	$80.69M	$79.57M	$68.82M	$59.54M	$76.22M	$73.98M	$64.69M	$54.13M	$57.15M	$97.13M	$58.63M	$34.82M	$50.16M	$83.14M	$69.14M	$20.11M	$51.21M	$65.13M
High Forecast	$78.24M	$95.86M	$71.97M	$58.83M	$73.76M	$90.49M	$67.79M	$54.42M	$69.27M	$85.42M	$64.58M	$78.59M	$81.92M	$80.57M	$69.69M	$71.45M	$91.46M	$73.98M	$64.69M	$64.95M	$57.15M	$97.13M	$58.63M	$41.79M	$50.16M	$83.14M	$82.97M	$20.11M	$51.21M	$65.13M
Low Forecast	$76.29M	$93.48M	$70.18M	$57.37M	$71.93M	$88.23M	$66.10M	$52.93M	$66.98M	$85.37M	$62.97M	$52.39M	$79.46M	$78.57M	$67.96M	$47.63M	$60.98M	$73.98M	$64.69M	$43.30M	$57.15M	$97.13M	$58.63M	$27.86M	$50.16M	$83.14M	$55.31M	$20.11M	$51.21M	$65.13M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	0.73%	1.01%	0.77%	0.24%	0.75%	1.38%	0.93%	0.73%	0.74%	1.07%	1.35%	1.00%	1.06%	1.76%	0.61%	0.49%	0.93%	1.33%

1 analysts predict CWT's average Quarter EBITDA for Mar 24 to be $65.49M, with a high of $78.59M and a low of $52.39M. This is 10.94% upper than California Water Service Group's previous annual EBITDA (Dec 23) of $59.03M.

California Water Service Group Net Income Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	1	1	1	1	1	1	1	1	2	1	1	1	2	1	1	1	1	1	1	1	1	1	1	1	5	4	5	4	4	3
Net Income	-	-	-	-	-	-	-	-	-	-	-	-	$30.25M	$34.44M	$9.56M	$-22.33M	$19.57M	$55.87M	$19.48M	$1.09M	$3.44M	$62.43M	$38.08M	$-3.03M	$15.50M	$96.36M	$5.28M	$-20.31M	$11.34M	$42.42M
Avg Forecast	$41.29M	$71.37M	$27.13M	$5.31M	$31.85M	$69.01M	$24.77M	$9.44M	$20.64M	$61.73M	$31.45M	$1.75M	$90.49M	$43.35M	$29.34M	$1.59M	$6.33M	$64.01M	$32.66M	$1.45M	$10.11M	$50.43M	$24.78M	$-3.03M	$15.16M	$72.03M	$8.62M	$80.14K	$17.82M	$45.85M
High Forecast	$41.96M	$72.54M	$27.58M	$5.40M	$32.37M	$70.14M	$25.18M	$9.59M	$20.98M	$61.84M	$31.97M	$2.10M	$91.97M	$44.06M	$29.82M	$1.91M	$7.60M	$64.01M	$32.66M	$1.74M	$10.11M	$50.43M	$24.78M	$-2.43M	$15.16M	$72.03M	$10.34M	$80.14K	$17.82M	$45.85M
Low Forecast	$40.61M	$70.20M	$26.69M	$5.22M	$31.33M	$67.88M	$24.37M	$8.88M	$20.09M	$61.63M	$30.94M	$1.40M	$89.88M	$42.64M	$28.86M	$1.27M	$5.07M	$64.01M	$32.66M	$1.16M	$10.11M	$50.43M	$24.78M	$-3.64M	$15.16M	$72.03M	$6.90M	$80.14K	$17.82M	$45.85M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	0.33%	0.79%	0.33%	-14.02%	3.09%	0.87%	0.60%	0.75%	0.34%	1.24%	1.54%	1.00%	1.02%	1.34%	0.61%	-253.40%	0.64%	0.93%

California Water Service Group's average Quarter net income forecast for Mar 24 is $1.75M, with a range of $1.40M to $2.10M. CWT's average Quarter net income forecast represents a -94.21% decrease compared to the company's last Quarter net income of $30.25M (Dec 23).

California Water Service Group SG&A Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	1	1	1	1	1	1	1	1	2	1	1	1	2	1	1	1	1	1	1	1	1	1	1	1	5	4	5	4	4	3
SG&A	-	-	-	-	-	-	-	-	-	-	-	-	$37.06M	$34.22M	$34.98M	$35.99M	$33.29M	$33.33M	$32.69M	$33.41M	$34.08M	$30.71M	$31.76M	$30.37M	$31.23M	$29.21M	$26.94M	$29.68M	$27.31M	$26.78M
Avg Forecast	$41.68M	$51.06M	$38.34M	$31.34M	$39.29M	$48.20M	$36.11M	$28.95M	$36.75M	$46.06M	$34.40M	$53.90M	$43.52M	$42.92M	$37.12M	$49.00M	$61.62M	$40.56M	$35.47M	$44.55M	$31.34M	$53.26M	$32.15M	$30.37M	$27.51M	$45.59M	$43.97M	$11.03M	$28.08M	$35.71M
High Forecast	$42.20M	$51.70M	$38.82M	$31.73M	$39.78M	$48.80M	$36.56M	$29.35M	$37.36M	$46.07M	$34.83M	$64.68M	$44.19M	$43.46M	$37.59M	$58.80M	$73.95M	$40.56M	$35.47M	$53.46M	$31.34M	$53.26M	$32.15M	$36.44M	$27.51M	$45.59M	$52.76M	$11.03M	$28.08M	$35.71M
Low Forecast	$41.15M	$50.42M	$37.85M	$30.94M	$38.79M	$47.59M	$35.65M	$28.55M	$36.12M	$46.05M	$33.96M	$43.12M	$42.86M	$42.38M	$36.65M	$39.20M	$49.30M	$40.56M	$35.47M	$35.64M	$31.34M	$53.26M	$32.15M	$24.30M	$27.51M	$45.59M	$35.18M	$11.03M	$28.08M	$35.71M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	0.85%	0.80%	0.94%	0.73%	0.54%	0.82%	0.92%	0.75%	1.09%	0.58%	0.99%	1.00%	1.14%	0.64%	0.61%	2.69%	0.97%	0.75%

California Water Service Group's average Quarter SG&A projection for Mar 24 is $53.90M, based on 1 Wall Street analysts, with a range of $43.12M to $64.68M. The forecast indicates a 45.46% rise compared to CWT last annual SG&A of $37.06M (Dec 23).

California Water Service Group EPS Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	1	1	1	1	1	1	1	1	2	1	1	1	2	1	1	1	1	1	1	1	1	1	1	1	5	4	5	4	4	3
EPS	-	-	-	-	-	-	-	-	-	-	-	-	$0.53	$0.60	$0.17	$-0.40	$0.36	$1.03	$0.36	$0.02	$0.06	$1.20	$0.75	$-0.06	$0.31	$1.94	$0.11	$-0.42	$0.24	$0.88
Avg Forecast	$0.70	$1.21	$0.46	$0.09	$0.54	$1.17	$0.42	$0.16	$0.35	$1.05	$0.53	$0.13	$1.53	$0.73	$0.50	$-0.00	$0.31	$1.10	$0.56	$0.03	$0.17	$0.86	$0.42	$-0.02	$0.26	$1.24	$0.59	-	$0.31	$0.79
High Forecast	$0.71	$1.23	$0.47	$0.09	$0.55	$1.19	$0.43	$0.16	$0.36	$1.05	$0.54	$0.13	$1.56	$0.75	$0.51	$-0.00	$0.31	$1.10	$0.56	$0.03	$0.17	$0.86	$0.42	$-0.02	$0.26	$1.24	$0.59	-	$0.31	$0.79
Low Forecast	$0.69	$1.19	$0.45	$0.09	$0.53	$1.15	$0.41	$0.15	$0.34	$1.04	$0.52	$0.13	$1.52	$0.72	$0.49	$-0.00	$0.30	$1.10	$0.56	$0.03	$0.17	$0.86	$0.42	$-0.02	$0.26	$1.24	$0.59	-	$0.31	$0.79
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	0.35%	0.82%	0.34%	120.01%	1.18%	0.94%	0.64%	0.60%	0.37%	1.39%	1.77%	3.33%	1.19%	1.57%	0.19%	-305.68%	0.79%	1.12%

According to 1 Wall Street analysts, California Water Service Group's projected average Quarter EPS for Mar 24 is $0.13, with a low estimate of $0.13 and a high estimate of $0.13. This represents a -74.84% decrease compared to CWT previous annual EPS of $0.53 (Dec 23).

California Water Service Group Peer Comparison by Price Target

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
SJW	SJW Group	$55.00	$75.50	37.27%	Buy
WTRG	Essential Utilities	$38.94	$48.75	25.19%	Buy
AWK	American Water Works Company	$137.89	$150.11	8.86%	Buy
AWR	American States Water Company	$84.40	$89.50	6.04%	Hold
CWT	California Water Service Group	$51.08	$53.00	3.76%	Hold

CWT Forecast FAQ

Is California Water Service Group a good buy?

No, according to 3 Wall Street analysts, California Water Service Group (CWT) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 1 'Buy' recommendations, accounting for 33.33% of CWT's total ratings.

What is CWT's price target?

California Water Service Group (CWT) average price target is $53 with a range of $49 to $57, implying a 3.76% from its last price of $51.08. The data is based on 3 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will California Water Service Group stock go up soon?

According to Wall Street analysts' prediction for CWT stock, the company can go up by 3.76% (from the last price of $51.08 to the average price target of $53), up by 11.59% based on the highest stock price target, and down by -4.07% based on the lowest stock price target.

Can California Water Service Group stock reach $80?

CWT's average twelve months analyst stock price target of $53 does not support the claim that California Water Service Group can reach $80 in the near future.

What are California Water Service Group's analysts' financial forecasts?

California Water Service Group's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $959M (high $971.3M, low $946.67M), average EBITDA is $282.83M (high $286.46M, low $279.19M), average net income is $135.07M (high $137.28M, low $132.45M), average SG&A $152.55M (high $154.5M, low $150.59M), and average EPS is $2.29 (high $2.33, low $2.25). CWT's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $1.02B (high $1.03B, low $1.01B), average EBITDA is $301.11M (high $304.91M, low $297.32M), average net income is $145.1M (high $147.47M, low $142.72M), average SG&A $162.41M (high $164.45M, low $160.36M), and average EPS is $2.46 (high $2.5, low $2.42).

Did the CWT's actual financial results beat the analysts' financial forecasts?

Based on California Water Service Group's last annual report (Dec 2023), the company's revenue was $794.63M, which missed the average analysts forecast of $960.67M by -17.28%. Apple's EBITDA was $210.74M, missing the average prediction of $288.63M by -26.98%. The company's net income was $51.91M, missing the average estimation of $164.77M by -68.50%. Apple's SG&A was $142.24M, missing the average forecast of $172.56M by -17.58%. Lastly, the company's EPS was $0.91, missing the average prediction of $2.76 by -67.07%. In terms of the last quarterly report (Dec 2023), California Water Service Group's revenue was $214.51M, missing the average analysts' forecast of $273.61M by -21.60%. The company's EBITDA was $59.03M, missing the average prediction of $80.69M by -26.84%. California Water Service Group's net income was $30.25M, missing the average estimation of $90.49M by -66.57%. The company's SG&A was $37.06M, missing the average forecast of $43.52M by -14.85%. Lastly, the company's EPS was $0.53, missing the average prediction of $1.53 by -65.45%