SJW Group (NYSE:SJW) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Friday.
Other equities analysts have also issued reports about the stock. Janney Montgomery Scott upgraded shares of SJW Group from a “neutral” rating to a “buy” rating and set a $63.00 price objective for the company in a research report on Monday, September 10th. Zacks Investment Research upgraded shares of SJW Group from a “sell” rating to a “hold” rating in a research report on Thursday, September 6th. Finally, Evercore ISI started coverage on shares of SJW Group in a research report on Monday, September 17th. They issued an “in-line” rating and a $59.00 price objective for the company.
SJW stock opened at $56.04 on Friday. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.53 and a quick ratio of 0.53. SJW Group has a 12 month low of $51.26 and a 12 month high of $69.29. The company has a market capitalization of $1.11 billion, a PE ratio of 24.80 and a beta of 0.05.
Hedge funds have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. lifted its position in SJW Group by 44.9% during the second quarter. Advisors Asset Management Inc. now owns 2,571 shares of the utilities provider’s stock valued at $109,000 after purchasing an additional 797 shares during the last quarter. Teacher Retirement System of Texas bought a new stake in SJW Group during the second quarter valued at approximately $207,000. Brookstone Capital Management bought a new stake in SJW Group during the second quarter valued at approximately $227,000. Raymond James & Associates bought a new stake in SJW Group during the second quarter valued at approximately $309,000. Finally, ELCO Management Co. LLC bought a new stake in SJW Group during the third quarter valued at approximately $346,000. Institutional investors own 55.91% of the company’s stock.
About SJW Group
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.
Read More: Capital gains and your 401(k) or IRA
To view ValuEngine’s full report, visit ValuEngine’s official website.
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.