Morgan Stanley analyst Stephen Byrd maintained a Hold rating on South Jersey Industries (NYSE: SJI) today and set a price target of $33. The company’s shares closed yesterday at $33.27.
According to TipRanks.com, Byrd is a 3-star analyst with an average return of 2.7% and a 61.4% success rate. Byrd covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, American Electric Power, and Nextera Energy Partners.
South Jersey Industries has an analyst consensus of Moderate Buy, with a price target consensus of $35.50.
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Based on South Jersey Industries’ latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $93.82 million. In comparison, last year the company had a GAAP net loss of $7.66 million.
Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SJI in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
South Jersey Industries, Inc. is a holding company, which engages in delivering energy solutions to its consumers through its primary subsidiaries. It operates through the following segments: Gas Utility Operations, Wholesale Energy Operations, South Jersey Energy (SJE), On-Site Energy Production, Appliance Service Operations, and Midstream.
