Boenning & Scattergood Initiates a Hold Rating on California Water Service (CWT)


California Water Service (CWT) received a Hold rating from Boenning & Scattergood analyst Ryan Connors today. The company’s shares closed on Friday at $50.20.

According to TipRanks.com, Connors is a 5-star analyst with an average return of 11.5% and a 73.9% success rate. Connors covers the Industrial Goods sector, focusing on stocks such as Watts Water Technologies, Mueller Water Products, and Franklin Electric Co.

California Water Service has an analyst consensus of Hold.

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The company has a one-year high of $55.05 and a one-year low of $38.45. Currently, California Water Service has an average volume of 231.8K.

Based on the recent corporate insider activity of 142 insiders, corporate insider sentiment is negative on the stock.

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California Water Service Group is a holding company, which engages to provide water utility and other related services in California, Washington, New Mexico, and Hawaii through its wholly-owned subsidiaries. The company is involved in the production, purchase, storage, treatment, testing, distribution and sale of water for domestic, industrial, public, and irrigation uses, as well as for fire protection. It also provides non-regulated water-related services under agreements with municipalities and other private companies. The company was founded in 1926 and is headquartered in San Jose, CA.

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