SJW Group (NYSE:SJW) has earned a consensus rating of “Buy” from the six brokerages that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $66.33.
A number of equities analysts recently issued reports on SJW shares. Zacks Investment Research cut 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 SJW Group and gave the stock a “buy” rating in a report on Friday, April 26th. UBS Group started coverage on SJW Group in a report on Wednesday, May 15th. They issued a “neutral” rating and a $64.00 target price on the stock. Finally, ValuEngine upgraded SJW Group from a “hold” rating to a “buy” rating in a report on Wednesday.
Shares of SJW traded down $0.33 during trading hours on Monday, reaching $64.27. The stock had a trading volume of 78,185 shares, compared to its average volume of 109,894. SJW Group has a 12 month low of $51.82 and a 12 month high of $67.95. The stock’s 50-day moving average is $62.87. 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 market cap of $1.83 billion, a P/E ratio of 25.61, a price-to-earnings-growth ratio of 7.63 and a beta of 0.05.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Oakworth Capital Inc. purchased a new stake in SJW Group in the 2nd quarter valued at $36,000. Advisory Services Network LLC raised its position in SJW Group by 50.6% in the 2nd quarter. Advisory Services Network LLC now owns 732 shares of the utilities provider’s stock valued at $45,000 after buying an additional 246 shares during the last quarter. Quantamental Technologies LLC purchased a new stake in SJW Group in the 1st quarter valued at $46,000. Advisor Group Inc. raised its position in SJW Group by 41.7% in the 4th quarter. Advisor Group Inc. now owns 952 shares of the utilities provider’s stock valued at $52,000 after buying an additional 280 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in SJW Group by 23.3% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,525 shares of the utilities provider’s stock valued at $94,000 after buying an additional 288 shares during the last quarter. 68.05% of the stock is owned by institutional investors and hedge funds.
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.
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