Stock On Watch: SJW Corp.’s Stock Is Buy After Touching 52-Week High

Stock On Watch: SJW Corp.'s Stock Is Buy After Touching 52 Week High

The stock of SJW Corp. (NYSE:SJW) hit a new 52-week high and has $60.08 target or 7.00% above today’s $56.15 share price. The 8 months bullish chart indicates low risk for the $1.18B company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $60.08 price target is reached, the company will be worth $82.60 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 2.67% or $1.46 during the last trading session, hitting $56.15. About 100,815 shares traded hands. SJW Corp. (NYSE:SJW) has risen 52.38% since April 25, 2016 and is uptrending. It has outperformed by 46.37% the S&P500.

Analysts await SJW Corp. (NYSE:SJW) to report earnings on February, 16. They expect $0.65 earnings per share, down 17.72% or $0.14 from last year’s $0.79 per share. SJW’s profit will be $13.66 million for 21.60 P/E if the $0.65 EPS becomes a reality. After $0.92 actual earnings per share reported by SJW Corp. for the previous quarter, Wall Street now forecasts -29.35% negative EPS growth.

SJW Corp. (NYSE:SJW) Ratings Coverage

Out of 2 analysts covering SJW Corp (NYSE:SJW), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. SJW Corp has been the topic of 2 analyst reports since February 22, 2016 according to StockzIntelligence Inc. The stock of SJW Corp. (NYSE:SJW) has “Outperform” rating given on Monday, February 22 by Robert W. Baird.

According to Zacks Investment Research, “SJW CORP. is a holding company which operates through its wholly-owned subsidiaries, San Jose Water Co., SJW Land Co., and Western Precision, Inc. San Jose Water Co., is a public utility in the business of providing water service to a population of approximately 928,000 people. Their service area encompasses about 134 sq. miles in the metropolitan San Juan area. SJW Land Co. operates parking facilities located adjacent to the their headquarters and the San Jose area.”

Insitutional Activity: The institutional sentiment decreased to 0.82 in Q2 2016. Its down 0.12, from 0.94 in 2016Q1. The ratio dived, as 19 funds sold all SJW Corp. shares owned while 45 reduced positions. 18 funds bought stakes while 42 increased positions. They now own 8.57 million shares or 9.43% less from 9.46 million shares in 2016Q1.
National Bank Of Montreal Can, a Ontario – Canada-based fund reported 1,550 shares. Mckinley Cap Management Limited Liability Corporation Delaware, a Unknown-based fund reported 120 shares. Los Angeles Mgmt And Equity Research holds 0% of its portfolio in SJW Corp. (NYSE:SJW) for 5,860 shares. Cornerstone Capital Mngmt holds 0.01% of its portfolio in SJW Corp. (NYSE:SJW) for 20,074 shares. Proshare Limited Liability Corporation reported 50,591 shares or 0.03% of all its holdings. Morgan Stanley holds 0% or 40,950 shares in its portfolio. State Board Of Administration Of Florida Retirement Sys holds 14,291 shares or 0% of its portfolio. Usca Ria Ltd Liability Corp has 0.07% invested in the company for 10,138 shares. Wfg Advisors L P holds 0.19% of its portfolio in SJW Corp. (NYSE:SJW) for 18,361 shares. Northern Trust accumulated 209,797 shares or 0% of the stock. Water Asset Mngmt Limited Co accumulated 3.58% or 98,912 shares. Blackrock Invest Mgmt holds 0% or 69,078 shares in its portfolio. Blackrock owns 4,153 shares or 0% of their US portfolio. Manchester Capital has invested 0.09% of its portfolio in SJW Corp. (NYSE:SJW). Spark Investment Mgmt Limited Liability Com reported 26,500 shares or 0.1% of all its holdings.

Insider Transactions: Since September 1, 2016, the stock had 0 insider buys, and 4 insider sales for $236,626 net activity. 5,000 shares were sold by Jensen Palle, worth $210,417. Lynch James Patrick had sold 240 shares worth $10,236 on Thursday, September 1.

More notable recent SJW Corp. (NYSE:SJW) news were published by: Nasdaq.com which released: “Increased Earnings Estimates Seen for SJW Corp. (SJW): Can It Move Higher?” on November 23, 2016, also Seekingalpha.com with their article: “SJW Corporation Offers Good Growth Potential” published on September 28, 2016, Businesswire.com published: “SJW Corp. Announces 2016 Third Quarter Financial Results” on October 26, 2016. More interesting news about SJW Corp. (NYSE:SJW) were released by: Businesswire.com and their article: “SJW Corp. Announces the California Public Utilities Commission’s Decision on …” published on June 14, 2016 as well as Quotes.Wsj.com‘s news article titled: “DOW JONES, A NEWS CORP COMPANY” with publication date: February 11, 2011.

SJW Company Profile

SJW Corp., incorporated on February 8, 1985, is a holding company. The Firm has approximately five subsidiaries: San Jose Water Company, SJWTX, Inc., SJW Land Company, Texas Water Alliance Limited (TWA) and SJW Group, Inc. SJWTX, Inc. is doing business as Canyon Lake Water Service Company (CLWSC). The Firm operates through two divisions. The Company’s segment, Water Utility Services, provides water utility and utility-related services to its clients through its subsidiaries, San Jose Water Company, CLWSC and TWA. The Real Estate Services segment includes property management and investment activity conducted by SJW Land Company.

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