SJW Corp. Upgraded to “Outperform” at Zacks (SJW)
SJW Corp. (NYSE:SJW) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report issued on Wednesday, AnalystRatings.Net reports. The firm currently has a $30.60 price objective on the stock. Zacks‘ target price indicates a potential upside of 6.18% from the company’s current price.
Shares of SJW Corp. (NYSE:SJW) traded down 1.63% during mid-day trading on Wednesday, hitting $28.35. The stock had a trading volume of 9,439 shares. SJW Corp. has a 52 week low of $24.47 and a 52 week high of $30.12. The stock has a 50-day moving average of $28.81 and a 200-day moving average of $28.04. The company has a market cap of $571.6 million and a P/E ratio of 24.04.
The company also recently declared a quarterly dividend, which is scheduled for Monday, March 3rd. Investors of record on Monday, February 10th will be given a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date of this dividend is Thursday, February 6th. This is an increase from SJW Corp.’s previous quarterly dividend of $0.18.
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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