SJW Group (NYSE:SJW) Receives $66.33 Average Price Target from Analysts

SJW Group (NYSE:SJW) has received an average recommendation of “Buy” from the six brokerages that are currently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $66.33.

A number of research firms have recently commented on SJW. UBS Group began coverage on shares of SJW Group in a report on Wednesday, May 15th. They issued a “neutral” rating and a $64.00 target price for the company. Zacks Investment Research lowered shares of SJW Group from a “strong-buy” rating to a “hold” rating in a report on Saturday, May 18th. ValuEngine lowered shares of SJW Group from a “buy” rating to a “hold” rating in a report on Friday, April 26th. Finally, Wells Fargo & Co set a $72.00 price objective on shares of SJW Group and gave the stock a “buy” rating in a research report on Friday, April 26th.

Shares of SJW stock traded up $0.12 during trading on Friday, reaching $62.14. The company’s stock had a trading volume of 2,551 shares, compared to its average volume of 104,270. The company has a quick ratio of 5.63, a current ratio of 5.63 and a debt-to-equity ratio of 0.58. SJW Group has a one year low of $51.82 and a one year high of $68.42. The firm has a market cap of $1.77 billion, a PE ratio of 24.76, a P/E/G ratio of 4.43 and a beta of 0.08.

SJW Group (NYSE:SJW) last issued its quarterly earnings data on Wednesday, April 24th. The utilities provider reported $0.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.13. The company had revenue of $77.68 million for the quarter, compared to analyst estimates of $77.00 million. SJW Group had a net margin of 10.83% and a return on equity of 8.37%. On average, equities analysts predict that SJW Group will post 2.35 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Monday, May 6th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend was Friday, May 3rd. SJW Group’s payout ratio is presently 47.81%.

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. grew its holdings in shares of SJW Group by 22.3% during the first quarter. BlackRock Inc. now owns 1,811,979 shares of the utilities provider’s stock worth $111,871,000 after purchasing an additional 330,871 shares in the last quarter. Renaissance Technologies LLC lifted its position in SJW Group by 10.6% in the first quarter. Renaissance Technologies LLC now owns 845,500 shares of the utilities provider’s stock valued at $52,201,000 after purchasing an additional 80,800 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in SJW Group by 7.5% in the first quarter. Dimensional Fund Advisors LP now owns 763,203 shares of the utilities provider’s stock valued at $47,121,000 after purchasing an additional 53,131 shares during the last quarter. FMR LLC lifted its position in SJW Group by 24.5% in the first quarter. FMR LLC now owns 548,854 shares of the utilities provider’s stock valued at $33,886,000 after purchasing an additional 108,003 shares during the last quarter. Finally, Maple Brown Abbott Ltd lifted its position in SJW Group by 6.9% in the first quarter. Maple Brown Abbott Ltd now owns 447,560 shares of the utilities provider’s stock valued at $27,776,000 after purchasing an additional 28,750 shares during the last quarter. 68.06% of the stock is owned by institutional investors.

SJW Group Company Profile

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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