This Analyst Recently Issued Research Note On South Jersey Industries Inc. (SJI)


As of Wednesday close, South Jersey Industries Inc.’s (NYSE:SJI) stock was up $0.06, moving up 0.17 percent to $35.13. The average number of shares traded per day over the past five days has been 632,200 shares. 5 times new highs have been achieved over the past 5 days, with a $0.81 gain in that time frame. In the last twenty days, the average volume was 824,035, while in the previous 50 days, it was 828,736.

Since last month, SJI stock rose 0.86%. Shares of the company fell to $33.35 on 11/08/22, the lowest level in the past month. A 52-week high of $35.32 was reached on 03/11/22 after having rallying from a 52-week low of $23.14. Since the beginning of this year, SJI’s stock price has risen by 34.49% or $9.01, and marked a new high 12 times. However, the stock has declined by -0.54% since its 52-week high.

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Valuation Metrics

Right now, South Jersey Industries Inc. (SJI) has a P/E ratio of about 26.12. The stock’s beta is 0.63. Besides these, the trailing price-to-sales (P/S) ratio of 1.65, the price-to-book (PB) ratio of 2.10.

The latest dividend of $0.31 per share was paid out, remained unchanged from last year’s $0.31. On Monday November 22 2021, a $0.0070 dividend increase was announced.

Financial Health

In the three months ended September 29, South Jersey Industries Inc.’s quick ratio stood at 0.60, while its current ratio was 0.70, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 1.74, and the total debt-to-equity ratio was 1.85. On the profitability front, the trailing twelve-month gross margin is 30.10% percent. In the year ended September 29, operating margins totaled 13.20%. Based on annual data, SJI earned $349.12 million in gross profit and brought in $1.99 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 5.40%. Return on equity (ROE) for the past 12 months was 7.40%.

In South Jersey Industries Inc.’s quarter-end financial report for September 29, it reported total debt of $3.57 billion against cash and short-term investments of $40000.0. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. SJI’s revenue fell -22.16% to $1.01 billion during the quarter, while net income inched up to $824.58 million. While analysts expected South Jersey Industries Inc. to report -$0.18 quarterly earnings, the actual figure was -$0.18 per share. During the quarter, the company generated $4.18 million in EBITDA. The liabilities of South Jersey Industries Inc. were 5.85 billion at the end of its most recent quarter ended September 29, and its total debt was $3.8 billion. The value of shareholders’ equity is $122.47 million.

Technical Picture

This quick technical analysis looks at South Jersey Industries Inc.’s (SJI) price momentum. With a historical volatility rate of 5.74%, the RSI 9-day stood at 71.65% on 23 November.

With respect to its five-day moving average, the current South Jersey Industries Inc. price is up by +2.36% percent or $0.81. At present, SJI shares trade +1.21% above its 20-day simple moving average and +2.84% percent above its 100-day simple moving average. However, the stock is currently trading approximately +2.96% above its SMA50 and +41.88% above its SMA200.

Stochastic coefficient K was 96.72% and Stochastic coefficient D was 91.04%, while ATR was 0.36. Given the Stochastic reading of 96.23% for the 14-day period, the RSI (14) reading has been calculated as 65.02%. As of today, the MACD Oscillator reading stands at 0.46, while the 14-day reading stands at 0.64.

Analyst Ratings

South Jersey Industries Inc. downgraded its rating on South Jersey Industries Inc. (NYSE: SJI) to a Neutral in a note to investors on February 17, 2022. The analysts firm previously had a Buy rating on the stock.South Jersey Industries Inc. (SJI) has been rated Hold by analysts. According to 0 brokerage firms, SJI is a sell, and 5 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate South Jersey Industries Inc. stock as buy, with 1 recommending it as overweight.

With a median target price of $36.00, the current consensus forecast for the stock is $36.00 – $36.00. Based on these forecasts, analysts predict South Jersey Industries Inc. (SJI) will achieve an average price target of $36.00.


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