Morgan Stanley raised the price target for the South Jersey Industries Inc. (NYSE:SJI) stock from “an Underweight” to “an Equal-weight”. The rating was released on May 28, 2021. We previously noted in another research note published on May 11, 2021 by JP Morgan that upgraded the stock from an Underweight to a Neutral with a price target of $27 for SJI stock. The research report from BofA Securities has upgraded the stock from Neutral to Buy, with a price target set at $27. The stock was upgraded by BofA Securities, who disclosed in a research note on March 22, 2021, from Underperform to Neutral and set the price objective to $23. In their research brief published March 04, 2021, Wells Fargo analysts downgraded the South Jersey Industries Inc. stock from Equal Weight to Underweight with a price target of $26.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of South Jersey Industries Inc. (NYSE:SJI) raised 1.11% to close Friday’s market session at $26.38, higher as compared to yesterday’s close. The stock price fluctuated between $26.16 and $26.44 throughout the trading session with the volume trading being 867441 shares, which represented a significant variation when compared to the three months average volume of 1.52 million shares. The firm’s stock price fluctuated -0.15% within the last five trades and -4.87% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 21.96% in the last 6 months and 7.15% was added to its value over the previous 3 months. SJI stock is trading at a margin of -1.13%, 0.16% and 11.95% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, SJI deals in the Utilities domain. The stock is trading -9.78 percent below its 52-week high and 44.63 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 16.31. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does South Jersey Industries Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 18.60 percent and the profit margin is 11.00 percent, and the company has reported a gross margin of 42.60 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $2.98 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for South Jersey Industries Inc. (NYSE:SJI) is 14.51. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 15.54. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 1.77 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 1.53, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.40 percent of South Jersey Industries Inc. shares are owned by insiders, and 96.50 percent are held by financial institutions. HARTNETT-DEVLIN SHEILA, the Director at South Jersey Industries Inc. (SJI) has sold 5,256 shares of firm on Jun 04 at a price of $27.59 against the total amount of $0.15 million. In another inside trade, HARTNETT-DEVLIN SHEILA, Director of South Jersey Industries Inc. (NYSE:SJI) sold 2,444 shares of the firm on May 21 for a total worth of $63553.0 at a price of $26.00. An inside trade which took place on Aug 10, Director of South Jersey Industries Inc. Holzer Sunita sold 79 shares of firm against total price of $1815.0 at the cost of $22.98 per share.