Investment analysts at JPMorgan Chase & Co. started coverage on shares of SJW Group (NYSE:SJW) in a report issued on Friday, The Fly reports. The firm set a “neutral” rating and a $73.00 price target on the utilities provider’s stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 8.02% from the company’s previous close.
Several other research firms have also recently weighed in on SJW. ValuEngine raised shares of SJW Group from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Janney Montgomery Scott reaffirmed a “buy” rating and set a $71.00 target price on shares of SJW Group in a research note on Thursday, September 5th. Zacks Investment Research cut shares of SJW Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. Macquarie assumed coverage on shares of SJW Group in a research note on Monday, October 7th. They set an “outperform” rating and a $79.00 target price for the company. Finally, Wells Fargo & Co set a $80.00 price objective on shares of SJW Group and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $74.83.
SJW traded up $0.28 during trading on Friday, hitting $67.58. 125,280 shares of the company traded hands, compared to its average volume of 157,095. The company has a market cap of $1.92 billion, a PE ratio of 38.68, a P/E/G ratio of 10.58 and a beta of -0.01. The stock’s 50-day simple moving average is $70.59 and its two-hundred day simple moving average is $65.59. SJW Group has a 1 year low of $51.82 and a 1 year high of $74.47. The company has a current ratio of 3.52, a quick ratio of 3.52 and a debt-to-equity ratio of 0.57.
In other SJW Group news, Director Valer Robert A. Van acquired 7,500 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was acquired at an average cost of $67.21 per share, with a total value of $504,075.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 8.20% of the company’s stock.
Several large investors have recently modified their holdings of SJW. Oakworth Capital Inc. purchased a new position in shares of SJW Group in the 2nd quarter worth $36,000. Advisory Services Network LLC grew its stake in shares of SJW Group by 50.6% in the 2nd quarter. Advisory Services Network LLC now owns 732 shares of the utilities provider’s stock worth $45,000 after buying an additional 246 shares in the last quarter. Tower Research Capital LLC TRC purchased a new position in shares of SJW Group in the 3rd quarter worth $70,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of SJW Group by 18.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,810 shares of the utilities provider’s stock worth $110,000 after buying an additional 285 shares in the last quarter. Finally, Quantamental Technologies LLC grew its stake in shares of SJW Group by 161.3% in the 2nd quarter. Quantamental Technologies LLC now owns 1,957 shares of the utilities provider’s stock worth $119,000 after buying an additional 1,208 shares in the last quarter. 68.28% of the stock is owned by institutional investors and hedge funds.
SJW Group Company Profile
SJW Group, through its subsidiaries, provides water utility services in the United States. It engages in the production, purchase, storage, purification, distribution, wholesale, and retail sale of water. The company also provides non-tariffed services, including water system operations, maintenance agreements, and antenna site leases.
Featured Article: Different Options Trading Strategies
Receive News & Ratings for SJW Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SJW Group and related companies with MarketBeat.com's FREE daily email newsletter.