Freedom Broker sets USD 49.00 target for California Water Service stock

Published on 10/15/2026 at 22:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Results are scheduled for October 29, 2026. California Water Service stock costs EUR 41.70 on October 15, 2026, up 0.50 percent on the NYSE.

Target coverage precedes results

Freedom Broker initiated coverage with a USD 49.00 target on September 23, 2026.
California Water Service will release third-quarter results on October 29, 2026.
California Water Service stock costs EUR 41.70 at Lang & Schwarz on October 15, 2026 at 10:32 p.m. CEST, up 0.50 percent on the NYSE.
The company has a P/E ratio of 20.77 and a market capitalization of USD 2.8 billion.

CWT, US1307881029, Illustration mit AI erstellt.

Freedom Broker initiated coverage of California Water Service Group with a Hold rating and a USD 49.00 price target on September 23, 2026, according to MarketBeat. The target is 6.41 percent above the USD 46.05 home-market price. After-hours, California Water Service stock was trading at EUR 41.70 at Lang & Schwarz on October 15, 2026 at 10:32 p.m. CEST, while the NYSE quote was up 0.50 percent on the day.

Results arrive October 29

California Water Service will release its third-quarter 2026 results before 9:00 a.m. ET on October 29, followed by a conference call at 11:00 a.m. ET. The date comes from the company's release dated October 8, 2026, published on its California Water Service Group website.

The scheduled report gives the analyst target a near-term test. The company reported second-quarter 2026 revenue of USD 308.6 million, up 16.5 percent year over year, while net income reached USD 56.5 million, according to Yahoo Finance.

Range leaves room on both sides

The home-market quote stood at USD 46.05 on October 15, 2026 at 4:00 p.m. ET. That placed the stock 11.53 percent above its USD 41.29 52-week low and 14.44 percent below its USD 53.82 52-week high. Trading volume was 474,775 shares against an average of 477,873.

On October 15, California Water Service announced the pricing of new debt financing, a dated event that sits behind the scheduled results and analyst view in this market report. The business operates regulated water utilities across several U.S. states, with California as its largest operating base.

Valuation and peer comparison

The company had a P/E ratio of 20.77 and a market capitalization of USD 2.8 billion as of October 15, 2026. Its trailing dividend yield was 3.00 percent, giving income investors another metric alongside the target and the upcoming report.

Comparison with peers

CWT (NYSE, USD): plus 0.50 percent, P/E 20.77, market capitalization USD 2.8 billion.
American Water Works (NYSE, USD): plus 1.01 percent, P/E 23.02, market capitalization USD 26.4 billion.
American States Water (NYSE, USD): plus 0.35 percent, P/E 22.67, market capitalization USD 3.3 billion.

Euro quote after the session

The price difference between the EUR 41.70 Lang & Schwarz quote and the USD 46.05 NYSE quote reflects separate currencies and venues, so the figures are not combined into one performance measure. The next firm date is October 29, 2026, when the company is due to publish its third-quarter results. The further course of trading is shown by the continuously updated real-time quote of California Water Service stock.