South Jersey Industries (NYSE:SJI) updated its FY20 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $1.53-1.67 for the period, compared to the Thomson Reuters consensus estimate of $1.56. South Jersey Industries also updated its FY19 guidance to $1.05-1.15 EPS.
A number of brokerages have weighed in on SJI. Maxim Group set a $40.00 target price on South Jersey Industries and gave the company a buy rating in a report on Friday, September 13th. ValuEngine downgraded South Jersey Industries from a buy rating to a hold rating in a report on Thursday, October 24th. Zacks Investment Research downgraded South Jersey Industries from a buy rating to a hold rating in a report on Tuesday, July 30th. JPMorgan Chase & Co. downgraded South Jersey Industries from an overweight rating to a neutral rating and set a $32.00 target price on the stock. in a report on Monday, August 5th. Finally, TheStreet downgraded South Jersey Industries from a b- rating to a c+ rating in a report on Friday, August 23rd. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $35.00.
NYSE SJI opened at $30.25 on Friday. The company has a quick ratio of 0.23, a current ratio of 0.26 and a debt-to-equity ratio of 1.22. South Jersey Industries has a twelve month low of $26.06 and a twelve month high of $34.48. The company has a market cap of $2.88 billion, a price-to-earnings ratio of 21.92, a price-to-earnings-growth ratio of 3.36 and a beta of 0.66. The business’s fifty day moving average is $32.13 and its 200 day moving average is $32.53.
South Jersey Industries Company Profile
South Jersey Industries, Inc, through its subsidiaries, provides energy-related products and services. The company engages in the purchase, transmission, and sale of natural gas. It also sells natural gas and pipeline transportation capacity on a wholesale basis to residential, commercial, and industrial customers on the interstate pipeline system, as well as transports natural gas, which is purchased directly from producers or suppliers to their customers.
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