Bank of America Securities Maintains Buy Rating on California Water Service with $52 Price Target

Bank of America Securities reaffirms Buy rating on California Water Service with a price target of $52.00. Analyst Ross Fowler has a 4-star rating and an average return of 5.2%. The word on the street suggests a Moderate Buy consensus rating with an average price target of $55.50. CWT market cap is $2.69B and has a P/E ratio of 19.80.

Bank of America Securities has reaffirmed its Buy rating on California Water Service Group (NYSE:CWT), with a price target of $52.00. The analyst, Ross Fowler, has a 4-star rating and an average return of 5.2% [1]. The current market consensus suggests a Moderate Buy rating with an average price target of $55.50 [1].

California Water Service Group, through its subsidiaries, provides water utility and related services in California, Washington, New Mexico, Hawaii, and Texas. The company reported earnings per share (EPS) of $0.22 for the latest quarter, beating the consensus estimate of $0.16 [1]. The company's market capitalization stands at $2.69 billion, with a price-to-earnings (P/E) ratio of 19.80 [1].

The company's stock has seen a trading volume of 339,729 shares recently, compared to its average volume of 337,416 [1]. The stock has a current ratio of 0.53, a quick ratio of 0.49, and a debt-to-equity ratio of 0.68 [1]. The 12-month low is $41.64 and the 12-month high is $56.25 [1].

Analysts from MarketBeat report that the average twelve-month price objective among brokers covering the stock is $58.00 [1]. Wells Fargo & Company, Seaport Res Ptn, and Wall Street Zen have issued various ratings on the stock, with Seaport Res Ptn rating it as a strong buy and Wells Fargo & Company lifting their price objective to $59.00 [1].

Institutional investors have shown interest in the stock, with several hedge funds and other institutional investors increasing their holdings in the last quarter [1].

The company recently declared a quarterly dividend of $0.30 per share, representing an annualized dividend of $1.20 and a dividend yield of 2.65% [1].

Director Lester A. Snow sold 1,200 shares of the stock at an average price of $46.51, representing a 4.36% decrease in his position [1].

The company's stock has been trading up 0.4% during the latest trading session, reaching $45.29 [1].

While California Water Service Group has a consensus rating of Buy, top analysts believe five other stocks are better buys, as identified by MarketBeat [1].

References:
[1] https://www.marketbeat.com/instant-alerts/california-water-service-group-nysecwt-given-average-recommendation-of-buy-by-analysts-2025-07-20/