SJW is a long swing trade opportunity AND a buy-and-hold
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SJW Group offers at least 10% upside in the $62 range as of Friday March 26, 2021 and, thanks to steady dividend growth, would make a fine addition to your "buy and hold" portfolio.
Weaknesses
The commercial property SJW Land Company (subsidiary) owns in Tennessee are probably reeling due to COVID (no Annual Report available for 2020 yet)
Same for Chester Realty (subsidiary) in Connecticut as vacancies and business trends change
Overbilling "scandal" in 2017 for some San Jose-area residents
They run a "boring" business primarily as a water utility conglomerate in California, Texas, Connecticut, and Maine so new media-based surges in price are unlikely
Strengths
Passes my "OK Boomer" test with a dividend that has been increasing consistently for 16 years (ignore incorrect Q42017 data on Nasdaq's website, an extra dividend was paid after a subsidiary was sold)
Water utility subsidiaries are distributed on both coasts which limits natural disaster impacts
Price negatively impacted like many other companies during mid-February sell-off
All real estate details sourced from 2019 annual report.
TipRank
Only 3 Analysts covering SJW Group
Median price target $73.50
Chart
Price fell beneath the 200-Day SMA on February 25, 2021 as part of a larger sell-off trend
5-Day EMA crossed the 20-Day SMA up on March 24, 2021 and the closing price continues to ramp up
RSI increased from 30 to 50 during last week's rally
Summary Even using a conservative price target of $69 (below the median $73.50 TipRanks price target), SJW Group has about 10% upside based on the current price $62 range. As a "boomer" stock marching towards Dividend Aristocrat status in a "boring" industry, SJW could easily slide from your swing portfolio to your buy-and-hold portfolio.
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As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.