Shares of SJW Group (NYSE:SJW) have received a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.
Brokers have set a one year consensus price objective of $63.00 for the company and are expecting that the company will post $0.19 EPS for the current quarter, according to Zacks. Zacks has also given SJW Group an industry rank of 179 out of 265 based on the ratings given to its competitors.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Almanack Investment Partners LLC. bought a new stake in shares of SJW Group in the 4th quarter valued at about $111,000. Ladenburg Thalmann Financial Services Inc. grew its position in shares of SJW Group by 651.5% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,029 shares of the utilities provider’s stock valued at $115,000 after buying an additional 1,759 shares during the last quarter. Old Mutual Global Investors UK Ltd. grew its position in shares of SJW Group by 84.9% in the 4th quarter. Old Mutual Global Investors UK Ltd. now owns 2,734 shares of the utilities provider’s stock valued at $174,000 after buying an additional 1,255 shares during the last quarter. Raymond James & Associates bought a new stake in shares of SJW Group in the 4th quarter valued at about $220,000. Finally, Wolverine Trading LLC bought a new stake in shares of SJW Group in the 4th quarter valued at about $307,000. Hedge funds and other institutional investors own 55.05% of the company’s stock.
SJW stock traded down $1.03 during midday trading on Monday, reaching $51.68. 96,069 shares of the stock were exchanged, compared to its average volume of 88,596. The firm has a market capitalization of $1,083.59, a P/E ratio of 23.04 and a beta of 0.25. SJW Group has a 52 week low of $45.39 and a 52 week high of $69.29. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.93.
SJW Group (NYSE:SJW) last released its quarterly earnings results on Wednesday, February 21st. The utilities provider reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.02. SJW Group had a return on equity of 10.57% and a net margin of 15.21%. The firm had revenue of $93.53 million for the quarter, compared to analyst estimates of $83.00 million. equities research analysts expect that SJW Group will post 2.52 EPS for the current fiscal year.
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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