Zacks: SJW Group (SJW) Given $66.00 Consensus Target Price by Brokerages

SJW Group (NYSE:SJW) has received an average broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and one has given a strong buy rating to the company. SJW Group’s rating score has improved by 33.3% in the last three months as a result of various analysts’ ratings changes.

Brokerages have set a 12-month consensus price objective of $66.00 for the company and are expecting that the company will post $0.51 EPS for the current quarter, according to Zacks. Zacks has also assigned SJW Group an industry rank of 60 out of 257 based on the ratings given to related companies.

A number of analysts have recently weighed in on SJW shares. Evercore ISI started coverage on shares of SJW Group in a research report on Monday, September 17th. They issued an “in-line” rating and a $59.00 target price on the stock. ValuEngine raised shares of SJW Group from a “hold” rating to a “buy” rating in a research report on Wednesday, September 12th. Zacks Investment Research raised shares of SJW Group from a “sell” rating to a “hold” rating in a research report on Thursday, September 6th. Finally, Janney Montgomery Scott raised shares of SJW Group from a “neutral” rating to a “buy” rating and set a $63.00 target price on the stock in a research report on Monday, September 10th.

Shares of SJW Group stock opened at $63.13 on Tuesday. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.91. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 27.93 and a beta of 0.05. SJW Group has a 12-month low of $51.26 and a 12-month high of $69.29.

SJW Group (NYSE:SJW) last issued its quarterly earnings data on Wednesday, October 24th. The utilities provider reported $0.76 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.20). The company had revenue of $124.85 million for the quarter, compared to analysts’ expectations of $127.00 million. SJW Group had a net margin of 12.04% and a return on equity of 10.92%. On average, analysts forecast that SJW Group will post 2.19 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Monday, November 5th will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date is Friday, November 2nd. SJW Group’s dividend payout ratio is presently 49.56%.

Several large investors have recently added to or reduced their stakes in SJW. Advisors Asset Management Inc. grew its position in shares of SJW Group by 44.9% in the 2nd quarter. Advisors Asset Management Inc. now owns 2,571 shares of the utilities provider’s stock worth $109,000 after buying an additional 797 shares during the period. Teacher Retirement System of Texas purchased a new stake in shares of SJW Group in the 2nd quarter worth about $207,000. Xact Kapitalforvaltning AB purchased a new stake in shares of SJW Group in the 1st quarter worth about $214,000. Brookstone Capital Management bought a new position in SJW Group in the 2nd quarter worth about $227,000. Finally, Raymond James & Associates bought a new position in SJW Group in the 2nd quarter worth about $309,000. 58.25% of the stock is currently owned by hedge funds and other 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.

Read More: Price to Earnings Ratio (PE), For Valuing Stocks

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