ValuEngine Upgrades SJW Group (NYSE:SJW) to Buy

SJW Group (NYSE:SJW) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday, ValuEngine reports.

Several other brokerages have also recently commented on SJW. Zacks Investment Research cut shares of SJW Group from a “hold” rating to a “sell” rating in a report on Friday, July 26th. Wells Fargo & Co set a $72.00 target price on shares of SJW Group and gave the stock a “buy” rating in a report on Friday, April 26th. Finally, UBS Group started coverage on shares of SJW Group in a report on Wednesday, May 15th. They set a “neutral” rating and a $64.00 target price for the company. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $65.60.

SJW Group stock opened at $64.90 on Wednesday. The firm has a market capitalization of $1.84 billion, a PE ratio of 25.86, a PEG ratio of 7.63 and a beta of 0.05. SJW Group has a twelve month low of $51.82 and a twelve month high of $67.95. The company has a debt-to-equity ratio of 0.57, a current ratio of 3.97 and a quick ratio of 5.63. The firm has a 50 day moving average of $62.83.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Advisory Services Network LLC boosted its holdings in SJW Group by 50.6% during the second quarter. Advisory Services Network LLC now owns 732 shares of the utilities provider’s stock worth $45,000 after purchasing an additional 246 shares during the last quarter. Quantamental Technologies LLC acquired a new position in SJW Group during the first quarter worth $46,000. Advisor Group Inc. boosted its holdings in SJW Group by 41.7% during the fourth quarter. Advisor Group Inc. now owns 952 shares of the utilities provider’s stock worth $52,000 after purchasing an additional 280 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in SJW Group by 23.3% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,525 shares of the utilities provider’s stock worth $94,000 after purchasing an additional 288 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in SJW Group by 18.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,810 shares of the utilities provider’s stock worth $110,000 after purchasing an additional 285 shares during the last quarter. Institutional investors and hedge funds own 68.05% of the company’s stock.

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.

Read More: Return on Investment (ROI)

To view ValuEngine’s full report, visit ValuEngine’s official website.

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