SJW Corp. Reaches New 12-Month High at $28.85 (SJW)
SJW Corp. (NYSE:SJW)’s share price reached a new 52-week high on Tuesday, Stock Ratings Network.com reports. The company traded as high as $28.85 and last traded at $28.81, with a volume of 13,920 shares traded. The stock had previously closed at $28.52.
A number of analysts have recently weighed in on SJW shares. Analysts at Zacks upgraded shares of SJW Corp. (NYSE:SJW) from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, August 6th. They now have a $30.60 price target on the stock. Separately, analysts at Janney Montgomery Scott downgraded shares of SJW Corp. (NYSE:SJW) from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, August 6th. They now have a $28.00 price target on the stock. Finally, analysts at Brean Capital downgraded shares of SJW Corp. (NYSE:SJW) from a “buy” rating to a “hold” rating in a research note to investors on Friday, August 2nd. They now have a $29.00 price target on the stock. They noted that the move was a valuation call.
SJW Corp. has a 52 week low of $22.56 and a 52 week high of $28.59. The stock’s 50-day moving average is $26.94 and its 200-day moving average is $26.70. The company has a market cap of $574.1 million and a price-to-earnings ratio of 22.25.
SJW Corp. (NYSE:SJW) last announced its earnings results on Wednesday, July 31st. The company reported $0.37 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.28 by $0.09. The company had revenue of $74.20 million for the quarter, compared to the consensus estimate of $66.74 million. Analysts expect that SJW Corp. will post $1.35 EPS for the current fiscal year.
SJW Corp. is a holding company. The Company has four subsidiaries: San Jose Water Company, SJWTX, Inc, SJW Land Company and Texas Water Alliance Limited (NYSE:SJW).
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