Southwest Gas Holdings Inc (SWX) Given Consensus Rating of “Hold” by Brokerages
Shares of Southwest Gas Holdings Inc (NYSE:SWX) have been given a consensus recommendation of “Hold” by the seven brokerages that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $81.25.
SWX has been the subject of a number of research reports. KeyCorp reiterated a “hold” rating on shares of Southwest Gas in a research report on Friday, October 20th. UBS Group lifted their price objective on Southwest Gas from $83.00 to $85.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 8th. Citigroup raised their target price on Southwest Gas from $79.00 to $82.00 and gave the stock a “neutral” rating in a report on Monday, November 20th. Finally, Zacks Investment Research upgraded Southwest Gas from a “hold” rating to a “buy” rating and set a $90.00 target price on the stock in a report on Friday, January 5th.
In other Southwest Gas news, VP Gregory J. Peterson sold 1,000 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $85.72, for a total transaction of $85,720.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.99% of the stock is currently owned by company insiders.
Shares of Southwest Gas (SWX) traded down $0.55 during mid-day trading on Wednesday, reaching $67.28. The company had a trading volume of 34,843 shares, compared to its average volume of 189,610. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a market capitalization of $3,331.68, a price-to-earnings ratio of 19.99 and a beta of 0.47. Southwest Gas has a 1 year low of $66.61 and a 1 year high of $86.87.
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Southwest Gas Company Profile
Southwest Gas Holdings, Inc, formerly Southwest Gas Corporation, is engaged in the business of purchasing, distributing and transporting natural gas. The Company operates through two segments: natural gas operations and construction services, which includes the operations of the Company’s subsidiary, Centuri Construction Group, Inc (Centuri).
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