Mizuho Securities analyst Gabe Moreen maintained a Hold rating on South Jersey Industries (NYSE:SJI) on Tuesday, setting a price target of $26, which is approximately 4.54% above the present share price of $24.87.
Moreen expects South Jersey Industries to post earnings per share (EPS) of -$0.87 for the third quarter of 2021.
The current consensus among 4 TipRanks analysts is for a Moderate Buy rating of shares in South Jersey Industries, with an average price target of $29.75.
The analysts price targets range from a high of $36 to a low of $25.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $311.83 million and a net profit of $11.61 million. The company's market cap is $2.8 billion.
According to TipRanks.com, Mizuho Securities analyst Gabe Moreen is currently ranked with 1 stars on a 0-5 stars ranking scale, with an average return of -2.2% and a 54.23% success rate.
South Jersey Industries, Inc. is a holding company, which engages in the provision of energy-related products and services. It operates through the following segments: SJG Utility Operations; ETG Utility Operations; ELK Utility Operations, Wholesale Energy Operations; Retail Electric Operations; Appliance Service Operations; Midstream; and Corporate & Services. The SJG Utility Operations segment consists of natural gas distribution to residential, commercial and industrial customers in southern New Jersey. The ETG Utility Operations segment consists of natural gas distribution to residential, commercial and industrial customers in northern and central New Jersey. The ELK Utility Operations segment consists of natural gas distribution to residential, commercial and industrial customers in Maryland. The Wholesale Energy Operations segment includes the activities of South Jersey Resources Group and South Jersey Exploration. The Retail Electric Operations segment consists of electricity acquisition and transportation to commercial, industrial and residential customers. The Appliance Service Operations segment comprises of South Jersey Energy Service Plus, which serviced residential and small commercial HVAC systems, installed small commercial HVAC systems, provided plumbing services, and serviced appliances under warranty via a subcontractor arrangement as well as on a time and materials basis. The Midstream segment invests in infrastructure and other midstream projects, including a current project to build a natural gas pipeline in Pennsylvania and New Jersey. The Corporate & Services segment refers to the costs incurred related to the agreement to Elizabethtown Gas and Elkton Gas. The company was founded in 1969 and is headquartered in Folsom, NJ.