Brokerages Set $63.00 Price Target for SJW Group (SJW)
SJW Group (NYSE:SJW) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating. SJW Group’s rating score has improved by 66.7% in the last three months as a result of a number of analysts’ upgrades and downgrades.
Brokers have set a 12-month consensus price target of $63.00 for the company and are anticipating that the company will post $0.96 earnings per share for the current quarter, according to Zacks. Zacks has also given SJW Group an industry rank of 205 out of 255 based on the ratings given to its competitors.
A number of research firms have recently weighed in on SJW. Zacks Investment Research upgraded SJW Group from a “sell” rating to a “hold” rating in a report on Wednesday, August 22nd. ValuEngine cut SJW Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 28th. Finally, Janney Montgomery Scott upgraded SJW Group from a “neutral” rating to a “buy” rating and set a $63.00 price target for the company in a report on Monday.
NYSE:SJW traded down $0.39 during trading hours on Friday, hitting $58.84. The company had a trading volume of 87,200 shares, compared to its average volume of 120,922. The stock has a market cap of $1.20 billion, a P/E ratio of 26.04 and a beta of 0.04. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.93. SJW Group has a 1 year low of $51.26 and a 1 year high of $69.29.
SJW Group (NYSE:SJW) last released its quarterly earnings results on Wednesday, July 25th. The utilities provider reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.10). The business had revenue of $99.09 million for the quarter, compared to analysts’ expectations of $104.00 million. SJW Group had a return on equity of 10.42% and a net margin of 13.00%. equities analysts anticipate that SJW Group will post 2.38 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 4th. Stockholders of record on Monday, August 6th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend was Friday, August 3rd. SJW Group’s dividend payout ratio is presently 49.56%.
About SJW Group
SJW Group, through its subsidiaries, provides water utility services in the United States. It engages in the production, purchase, storage, purification, distribution, wholesale, and retail sale of water. The company also provides non-tariffed services, including water system operations, maintenance agreements, and antenna site leases.
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