Shares of SJW Group (NYSE:SJW) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.
Brokers have set a one year consensus price target of $68.00 for the company and are expecting that the company will post $0.44 EPS for the current quarter, according to Zacks. Zacks has also assigned SJW Group an industry rank of 197 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research raised shares of SJW Group from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a research note on Tuesday, October 31st.
Shares of SJW Group (NYSE:SJW) traded up $1.61 during trading hours on Friday, hitting $54.46. 87,365 shares of the stock were exchanged, compared to its average volume of 68,330. SJW Group has a 12 month low of $45.39 and a 12 month high of $69.29. The firm has a market cap of $1,100.33, a price-to-earnings ratio of 19.91 and a beta of 0.10. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.95.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Monday, February 12th will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, February 9th. This is a positive change from SJW Group’s previous quarterly dividend of $0.22. This represents a $1.12 annualized dividend and a yield of 2.06%. SJW Group’s dividend payout ratio is currently 41.64%.
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About SJW Group
SJW Group, formerly SJW Corp., is a holding company. The Company’s subsidiaries include San Jose Water Company, SJWTX, Inc, SJW Land Company and Texas Water Alliance Limited (TWA). SJWTX, Inc is doing business as Canyon Lake Water Service Company (CLWSC). It operates through the segments, which include Water Utility Services, Real Estate Services and All Other.
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