South Jersey Industries (NYSE:SJI) had its price target dropped by equities research analysts at Morgan Stanley from $35.00 to $30.00 in a note issued to investors on Tuesday. The firm presently has an “equal weight” rating on the utilities provider’s stock. Morgan Stanley’s price target points to a potential upside of 9.57% from the company’s previous close.
Several other equities research analysts also recently issued reports on SJI. Zacks Investment Research downgraded South Jersey Industries from a “hold” rating to a “sell” rating in a research report on Wednesday, November 8th. Hilliard Lyons downgraded South Jersey Industries from a “buy” rating to a “hold” rating in a research report on Monday, January 22nd. Guggenheim restated a “hold” rating and set a $32.00 target price on shares of South Jersey Industries in a research report on Wednesday, January 3rd. Sidoti downgraded South Jersey Industries from a “buy” rating to a “neutral” rating and set a $34.00 target price on the stock. in a research report on Monday, January 8th. Finally, JPMorgan Chase & Co. dropped their target price on South Jersey Industries from $35.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $34.00.
Shares of South Jersey Industries (NYSE:SJI) opened at $27.38 on Tuesday. The stock has a market capitalization of $2,180.00, a price-to-earnings ratio of 57.04, a price-to-earnings-growth ratio of 1.88 and a beta of 0.57. South Jersey Industries has a 12-month low of $26.41 and a 12-month high of $38.40. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 0.97.
About South Jersey Industries
South Jersey Industries, Inc (SJI) is an energy services holding company. The Company provides a range of energy-related products and services, primarily through its subsidiaries. Its subsidiaries include South Jersey Gas Company (SJG), South Jersey Energy Company (SJE), South Jersey Resources Group, LLC (SJRG), South Jersey Exploration, LLC (SJEX), Marina Energy, LLC (Marina), South Jersey Energy Service Plus, LLC (SJESP) and SJI Midstream, LLC (Midstream).
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