SJW Corp. Downgraded to Underperform at Zacks (SJW)
SJW Corp. (NYSE:SJW) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research report issued on Tuesday. They currently have a $24.80 price target on the stock. Zacks‘s price target would indicate a potential downside of 4.94% from the company’s current price.
Shares of SJW Corp. (NYSE:SJW) traded down 0.22% during mid-day trading on Tuesday, hitting $26.032. 8,595 shares of the company’s stock traded hands. SJW Corp. has a 52-week low of $25.35 and a 52-week high of $30.91. The stock’s 50-day moving average is $26.94 and its 200-day moving average is $27.77. The company has a market cap of $526.3 million and a P/E ratio of 24.94.
SJW Corp. (NYSE:SJW) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.34 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.38 by $0.04. Analysts expect that SJW Corp. will post $1.39 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 2nd. Stockholders of record on Monday, August 11th will be given a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend is Thursday, August 7th.
Separately, analysts at Robert W. Baird upgraded shares of SJW Corp. from a “neutral” rating to an “outperform” rating in a research note on Wednesday, July 16th. They now have a $33.00 price target on the stock.
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).
To view Zacks’ full report, visit Zacks’ official website.
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