A share price of Southwest Gas Holdings Inc [SWX] is currently trading at $63.21, up 1.06%. An important factor to consider is whether the stock is rising or falling in short-term value. The SWX shares have gain 4.91% over the last week, with a monthly amount glided 7.76%, and seem to be holding up well over a long-time horizon.
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On 22, February 2024, Southwest Gas Holdings Declares Second Quarter 2024 Dividend. In a post published today on Yahoo Finance, The Board of Directors for Southwest Gas Holdings, Inc. (“Southwest Gas”) (NYSE: SWX) has declared the following second quarter cash dividend:.
From an analyst’s perspective:
Southwest Gas Holdings Inc [NYSE: SWX] stock has seen the most recent analyst activity on November 30, 2022, when BofA Securities downgraded its rating to a Neutral and also revised its price target to $65 from $87. Previously, Argus upgraded its rating to Buy on June 09, 2022, and kept the price target unchanged to $100. On March 30, 2022, upgrade upgraded it’s rating to Buy and revised its price target to $88 on the stock. JP Morgan downgraded its rating to a Neutral but stick to its price target of $63 on January 29, 2021. BofA Securities downgraded its rating to a Underperform but $60 remained the price target by the analyst firm on December 10, 2020. In a note dated August 19, 2020, Wells Fargo upgraded an Equal Weight rating on this stock and revised its target price from $76 to $73.
Southwest Gas Holdings Inc experienced fluctuations in its stock price throughout the past year between $53.79 and $68.03. Currently, Wall Street analysts expect the stock to reach $100 within the next 12 months. Southwest Gas Holdings Inc [NYSE: SWX] shares were valued at $63.21 at the most recent close of the market. An investor can expect a potential return of 58.2% based on the average SWX price forecast.
Analyzing the SWX fundamentals
Trailing Twelve Months sales for Southwest Gas Holdings Inc [NYSE:SWX] were 5.49B which represents 3.90% growth. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 62.45 points at the first support level, and at 61.69 for the second support level. However, for the 1st resistance point, the stock is sitting at 63.60, and for the 2nd resistance point, it is at 63.99.
Southwest Gas Holdings Inc [SWX] reported earnings per share of $0.1 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.26/share, meaning a difference of $0.36 and a surprise factor of 138.50%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were $0.47 per share as compared to estimates of $0.2 per share, a difference of $0.27 representing a surprise of 135.00%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Southwest Gas Holdings Inc [NYSE:SWX] is 1.25. On the other hand, the Quick Ratio is 1.16, and the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 0.82, the price to book ratio is 1.40.
Transactions by insiders
Recent insider trading involved Daily Paul M, CEO/Centuri Group, Inc., that happened on Dec 27 when 1000.0 shares were sold. 10% Owner, ICAHN CARL C completed a deal on Sep 27 to buy 1400.0 shares. Meanwhile, 10% Owner ICAHN CARL C bought 4536.0 shares on Sep 26.
