SJW Corp. (NYSE:SJW) has earned a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating.
Analysts have set a one year consensus price target of $40.00 for the company and are predicting 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 73 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research raised SJW Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, June 23rd.
SJW Corp. (NYSE:SJW) opened at 43.05 on Tuesday. The firm has a market cap of $880.03 million, a price-to-earnings ratio of 19.23 and a beta of 0.34. The stock has a 50 day moving average price of $43.41 and a 200-day moving average price of $38.86. SJW Corp. has a 12-month low of $27.60 and a 12-month high of $46.73.
SJW Corp. (NYSE:SJW) last issued its earnings results on Wednesday, July 27th. The company reported $0.82 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.41. SJW Corp. had a return on equity of 11.12% and a net margin of 14.40%. Equities analysts forecast that SJW Corp. will post $1.80 earnings per share for the current year.
In related news, VP Palle Jensen sold 3,000 shares of the stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $41.15, for a total value of $123,450.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 22.50% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of SJW. Vanguard Group Inc. increased its position in shares of SJW Corp. by 4.3% in the second quarter. Vanguard Group Inc. now owns 837,358 shares of the company’s stock worth $32,975,000 after buying an additional 34,465 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of SJW Corp. by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 673,824 shares of the company’s stock worth $26,535,000 after buying an additional 1,753 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its position in shares of 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 worth $17,749,000 after buying an additional 58,519 shares in the last quarter. Copper Rock Capital Partners LLC acquired a new position in shares of SJW Corp. during the third quarter worth approximately $18,925,000. Finally, BlackRock Fund Advisors increased its position in shares of SJW Corp. by 5.2% in the second quarter. BlackRock Fund Advisors now owns 426,271 shares of the company’s stock worth $16,787,000 after buying an additional 21,045 shares in the last quarter. 45.15% of the stock is owned by hedge funds and other 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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