Analysts at Evercore ISI initiated coverage on shares of SJW Group (NYSE:SJW) in a research note issued on Monday, MarketBeat Ratings reports. The firm set an “in-line” rating and a $59.00 price target on the utilities provider’s stock. Evercore ISI’s target price indicates a potential downside of 1.07% from the company’s current price.

Other research analysts have also recently issued reports about the company. ValuEngine raised SJW Group from a “hold” rating to a “buy” rating in a research note on Wednesday, September 12th. Janney Montgomery Scott raised SJW Group from a “neutral” rating to a “buy” rating and set a $63.00 target price for the company in a research note on Monday, September 10th. Finally, Zacks Investment Research raised SJW Group from a “sell” rating to a “hold” rating in a research note on Thursday, September 6th.

SJW opened at $59.64 on Monday. SJW Group has a 12 month low of $51.26 and a 12 month high of $69.29. The firm has a market cap of $1.23 billion, a P/E ratio of 26.39 and a beta of 0.04. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.93.

SJW Group (NYSE:SJW) last released its earnings results on Wednesday, July 25th. The utilities provider reported $0.62 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.72 by ($0.10). SJW Group had a return on equity of 10.42% and a net margin of 13.00%. The company had revenue of $99.09 million for the quarter, compared to analyst estimates of $104.00 million. research analysts forecast that SJW Group will post 2.38 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SJW. Prudential Financial Inc. boosted its position in shares of SJW Group by 16.0% during the 1st quarter. Prudential Financial Inc. now owns 136,412 shares of the utilities provider’s stock worth $7,190,000 after acquiring an additional 18,845 shares in the last quarter. K2 Principal Fund L.P. boosted its position in shares of SJW Group by 112.9% during the 2nd quarter. K2 Principal Fund L.P. now owns 67,941 shares of the utilities provider’s stock worth $4,499,000 after acquiring an additional 36,028 shares in the last quarter. KBC Group NV boosted its position in shares of SJW Group by 6.2% during the 1st quarter. KBC Group NV now owns 91,700 shares of the utilities provider’s stock worth $4,834,000 after acquiring an additional 5,377 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its position in shares of SJW Group by 52.2% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 14,692 shares of the utilities provider’s stock worth $973,000 after acquiring an additional 5,040 shares in the last quarter. Finally, WINTON GROUP Ltd acquired a new position in shares of SJW Group during the 1st quarter worth about $546,000. 57.95% of the stock is owned by hedge funds and other institutional investors.

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.

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