SJW Group which can be found using ticker (SJW) now have 4 market analysts covering the stock. The analyst consensus now points to a rating of ‘Buy’. The range between the high target price and low target price is between 93 and 78 calculating the mean target price we have $85.25. Now with the previous closing price of $72.41 this now indicates there is a potential upside of 17.7%. It’s also worth noting that there is a 50 day moving average of $76.99 and the 200 moving average now moves to $69.90. The company has a market capitalization of $2,250m. Visit the company website at: https://www.sjwgroup.com
The potential market cap would be $2,649m based on the market consensus.
SJW Group, through its subsidiaries, provides water utility services in the United States. It operates in two segments, Water Utility Services and Real Estate Services. It engages in the production, purchase, storage, purification, distribution, wholesale, and retail sale of water and wastewater services. The company also provides non-tariffed services, including water system operations, maintenance agreements, and antenna site leases; contracted services and sewer operations to water utilities; and a Linebacker protection plan for public drinking water customers in Connecticut and Maine. Its water supply consists of groundwater from wells, surface water from watershed run-off and diversion, reclaimed water, and imported water purchased from the Santa Clara Valley Water District. The company offers water service to approximately 232,000 connections that serve approximately one million people residing in portions of the cities of San Jose and Cupertino, as well as in the cities of Campbell, Monte Sereno, Saratoga, and the Town of Los Gatos; and adjacent unincorporated territories in the County of Santa Clara in the State of California. In addition, it provides water service to approximately 141,000 service connections, which serve approximately 459,000 people in 81 municipalities with a service area of approximately 270 square miles throughout Connecticut and Maine, as well as approximately 26,000 service connections that serve approximately 77,000 people in a service area comprising approximately 268 square miles in the region between San Antonio and Austin, Texas; and approximately 3,000 wastewater connections in Southbury, Connecticut. Further, the company owns undeveloped land in California and Tennessee; and owns and operates commercial buildings and warehouse properties in Tennessee. The company was formerly known as SJW Corp. and changed its name to SJW Group in November 2016. SJW Group was incorporated in 1985 and is headquartered in San Jose, California.
The company has a dividend yield of 1.97% with the ex dividend date set at 3-2-2023 (DMY).
Other points of data to note are a P/E ratio of 31.99, revenue per share of 20.48 and a 2.28% return on assets.
