California Water Service Group (CWT) Stock Forecast, Price Target & Predictions
CWT Stock Forecast
California Water Service Group stock forecast is as follows: an average price target of $53.00 (represents a -3.60% downside from CWT’s last price of $54.98) 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 -3.60% downside from CWT's last price of $54.98.
CWT Analyst Ratings
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% | 3.67% |
| Apr 04, 2024 | Gregg Orrill | UBS | $49.00 | $45.97 | 6.59% | -10.88% |
| Nov 30, 2022 | - | UBS | $67.00 | $63.06 | 6.24% | 21.86% |
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 3.67% increase from CWT last price ($54.98).
California Water Service Group Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 2 |
| Avg Price Target | - | $57.00 | $53.00 |
| Last Closing Price | $54.98 | $54.98 | $54.98 |
| Upside/Downside | -100.00% | 3.67% | -3.60% |
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 $54.98. This month's average price target is down -100.00% 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 |
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 | $277.57M | $274.05M | $270.57M | $267.14M | $253.00M | $288.00M | $220.00M | $182.00M | $230.90M | $289.40M | $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 | $294.26M | $290.53M | $286.84M | $283.20M | $268.21M | $305.32M | $233.23M | $192.94M | $244.78M | $293.11M | $229.25M | $194.90M | $277.77M | $286.02M | $247.40M | $194.96M | $211.02M | $270.33M | $231.33M | $164.26M | $204.36M | $347.34M | $209.64M | $72.28M | $179.37M | $297.31M | $237.28M | $71.91M | $183.13M | $232.89M |
| Low Forecast | $260.88M | $257.57M | $254.30M | $251.08M | $237.79M | $270.68M | $206.77M | $171.06M | $217.02M | $285.68M | $203.25M | $172.80M | $269.43M | $253.58M | $219.34M | $172.84M | $187.08M | $239.67M | $214.67M | $152.43M | $189.64M | $322.32M | $194.54M | $67.07M | $166.45M | $275.90M | $220.19M | $66.73M | $169.94M | $216.11M |
| # Analysts | 1 | 1 | 1 | 1 | - | - | - | - | 1 | 2 | 1 | 1 | 2 | 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 $172.80M, and a high forecast of $194.90M. 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 | 2 | 1 | 1 | 2 | 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 | $80.52M | $79.50M | $78.49M | $77.50M | $73.40M | $83.55M | $63.82M | $52.80M | $66.98M | $83.96M | $62.73M | $65.49M | $79.37M | $78.27M | $67.70M | $59.54M | $57.75M | $68.85M | $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 | $85.37M | $84.28M | $83.21M | $82.16M | $77.81M | $88.57M | $67.66M | $55.97M | $71.01M | $85.03M | $66.51M | $78.59M | $80.58M | $82.98M | $71.77M | $71.45M | $61.22M | $82.62M | $67.11M | $64.95M | $59.28M | $100.76M | $60.82M | $41.79M | $52.04M | $86.25M | $82.97M | $20.86M | $53.13M | $67.56M |
| Low Forecast | $75.68M | $74.72M | $73.77M | $72.84M | $68.98M | $78.53M | $59.98M | $49.62M | $62.96M | $82.88M | $58.96M | $52.39M | $78.16M | $73.56M | $63.63M | $47.63M | $54.27M | $55.08M | $62.28M | $43.30M | $55.01M | $93.51M | $56.44M | $27.86M | $48.29M | $80.04M | $55.31M | $19.36M | $49.30M | $62.69M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.74% | 1.03% | 0.79% | 0.24% | 0.99% | 1.48% | 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 | 2 | 1 | 1 | 2 | 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 | $12.73M | $37.95M | $19.07M | $33.20M | $31.50M | $69.41M | $27.41M | $9.33M | $21.97M | $60.85M | $31.10M | $1.75M | $89.48M | $42.87M | $29.02M | $1.59M | $17.87M | $41.52M | $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 | $13.72M | $40.91M | $20.56M | $35.80M | $33.96M | $74.83M | $29.56M | $10.06M | $23.69M | $61.41M | $33.53M | $2.10M | $96.47M | $46.22M | $31.28M | $1.91M | $19.26M | $49.83M | $34.25M | $1.74M | $10.60M | $52.88M | $25.98M | $-2.43M | $15.90M | $75.53M | $10.34M | $84.03K | $18.69M | $48.08M |
| Low Forecast | $11.73M | $34.98M | $17.58M | $30.61M | $29.03M | $63.98M | $25.27M | $8.60M | $20.25M | $60.29M | $28.67M | $1.40M | $88.88M | $39.52M | $26.75M | $1.27M | $16.47M | $33.22M | $31.08M | $1.16M | $9.62M | $47.98M | $23.57M | $-3.64M | $14.43M | $68.53M | $6.90M | $76.25K | $16.96M | $43.62M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.34% | 0.80% | 0.33% | -14.02% | 1.10% | 1.35% | 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 | 2 | 1 | 1 | 2 | 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 | $44.15M | $43.59M | $43.04M | $42.49M | $40.24M | $45.81M | $35.00M | $28.95M | $36.73M | $46.03M | $34.40M | $53.90M | $43.52M | $42.92M | $37.12M | $49.00M | $31.66M | $20.43M | $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 | $46.81M | $46.21M | $45.63M | $45.05M | $42.66M | $48.57M | $37.10M | $30.69M | $38.94M | $46.62M | $36.47M | $64.68M | $44.19M | $45.50M | $39.35M | $58.80M | $33.57M | $24.51M | $36.80M | $53.46M | $32.51M | $55.25M | $33.35M | $36.44M | $28.53M | $47.29M | $52.76M | $11.44M | $29.13M | $37.04M |
| Low Forecast | $41.50M | $40.97M | $40.45M | $39.94M | $37.82M | $43.06M | $32.89M | $27.21M | $34.52M | $45.44M | $32.33M | $43.12M | $42.86M | $40.34M | $34.89M | $39.20M | $29.76M | $16.34M | $34.15M | $35.64M | $30.17M | $51.27M | $30.95M | $24.30M | $26.48M | $43.89M | $35.18M | $10.62M | $27.03M | $34.38M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.85% | 0.80% | 0.94% | 0.73% | 1.05% | 1.63% | 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 | 2 | 1 | 1 | 2 | 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 | $0.22 | $0.65 | $0.33 | $0.57 | $0.54 | $1.19 | $0.47 | $0.16 | $0.38 | $1.04 | $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 | $0.24 | $0.70 | $0.35 | $0.61 | $0.58 | $1.28 | $0.51 | $0.17 | $0.41 | $1.05 | $0.57 | $0.14 | $1.65 | $0.79 | $0.54 | $-0.00 | $0.33 | $1.18 | $0.59 | $0.03 | $0.18 | $0.91 | $0.45 | $-0.02 | $0.27 | $1.29 | $0.62 | - | $0.32 | $0.82 |
| Low Forecast | $0.20 | $0.60 | $0.30 | $0.52 | $0.50 | $1.10 | $0.43 | $0.15 | $0.35 | $1.03 | $0.49 | $0.12 | $1.52 | $0.68 | $0.46 | $-0.00 | $0.28 | $1.01 | $0.53 | $0.03 | $0.16 | $0.82 | $0.40 | $-0.02 | $0.25 | $1.18 | $0.56 | - | $0.29 | $0.75 |
| 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 $0.12 and a high estimate of $0.14. 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 | $59.64 | $79.00 | 32.46% | Buy |
| WTRG | Essential Utilities | $39.33 | $50.00 | 27.13% | Buy |
| AWR | American States Water Company | $83.12 | $89.50 | 7.68% | Hold |
| AWK | American Water Works Company | $148.13 | $154.57 | 4.35% | Hold |
| CWT | California Water Service Group | $54.98 | $53.00 | -3.60% | 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 -3.60% from its last price of $54.98. 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 down by -3.60% (from the last price of $54.98 to the average price target of $53), up by 3.67% based on the highest stock price target, and down by -10.88% 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 $943M (high $999.7M, low $886.3M), average EBITDA is $273.57M (high $290.01M, low $257.12M), average net income is $137.65M (high $148.41M, low $126.89M), average SG&A $150M (high $159.02M, low $140.98M), and average EPS is $2.36 (high $2.54, low $2.18). CWT's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $1.09B (high $1.15B, low $1.02B), average EBITDA is $316.02M (high $335.02M, low $297.02M), average net income is $102.94M (high $110.99M, low $94.9M), average SG&A $173.28M (high $183.7M, low $162.86M), and average EPS is $1.77 (high $1.9, low $1.63).
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 $284.88M by -26.02%. The company's net income was $51.91M, missing the average estimation of $162.96M by -68.14%. 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 $79.37M by -25.62%. California Water Service Group's net income was $30.25M, missing the average estimation of $89.48M by -66.19%. 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%