Brokerages Set $40.00 Target Price for SJW Corp. (SJW)
Shares of SJW Corp. (NYSE:SJW) have been assigned an average broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.
Analysts have set a 1 year consensus price objective of $40.00 for the company and are anticipating that the company will post $0.45 EPS for the current quarter, according to Zacks. Zacks has also assigned SJW Corp. an industry rank of 93 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research raised shares of SJW Corp. from a “sell” rating to a “hold” rating in a report on Thursday, June 23rd.
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SJW Corp. (NYSE:SJW) traded down 1.00% on Tuesday, reaching $42.66. 23,186 shares of the company traded hands. The company has a market capitalization of $872.06 million, a PE ratio of 19.05 and a beta of 0.34. The stock has a 50-day moving average of $43.41 and a 200 day moving average of $38.78. SJW Corp. has a 52-week low of $27.60 and a 52-week high of $46.73.
SJW Corp. (NYSE:SJW) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.82 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.41. SJW Corp. had a net margin of 14.40% and a return on equity of 11.12%. On average, equities analysts forecast that SJW Corp. will post $1.80 EPS for the current year.
In other news, VP Palle Jensen sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $41.15, for a total transaction of $123,450.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 22.50% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Copper Rock Capital Partners LLC acquired a new position in shares of SJW Corp. during the third quarter valued at approximately $18,925,000. Maple Brown Abbott Ltd raised its stake in SJW Corp. by 32.9% in the second quarter. Maple Brown Abbott Ltd now owns 422,526 shares of the company’s stock valued at $16,639,000 after buying an additional 104,641 shares in the last quarter. Bogle Investment Management L P DE purchased a new stake in SJW Corp. during the first quarter valued at about $3,021,000. BlackRock Institutional Trust Company N.A. raised its stake in SJW Corp. by 13.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 488,269 shares of the company’s stock valued at $17,749,000 after buying an additional 58,519 shares in the last quarter. Finally, AQR Capital Management LLC purchased a new stake in SJW Corp. during the second quarter valued at about $2,265,000. 45.15% of the stock is currently owned by institutional investors.
About SJW Corp.
SJW Corp. is a holding company. The Company has approximately five subsidiaries: San Jose Water Company, SJWTX, Inc, SJW Land Company, Texas Water Alliance Limited (TWA) and SJW Group, Inc SJWTX, Inc is doing business as Canyon Lake Water Service Company (CLWSC). The Company operates through two segments: Water Utility Services and Real Estate Services.
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