Southwest Gas Holdings Inc [SWX] stock prices are down -0.53% to $73.18 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The SWX shares have gain 0.21% over the last week, with a monthly amount glided 3.76%, and seem to be holding up well over a long-time horizon.
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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.
The stock price of Southwest Gas Holdings Inc [SWX] has been fluctuating between $53.79 and $76.75 over the past year. 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 $73.18 at the most recent close of the market. An investor can expect a potential return of 36.65% based on the average SWX price forecast.
Analyzing the SWX fundamentals
The Southwest Gas Holdings Inc [NYSE:SWX] reported sales of 5.43B for trailing twelve months, representing a drop of -3.76%. Gross Profit Margin for this corporation currently stands at 0.17% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.05 and Total Capital is 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.6.
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 72.51 points at the first support level, and at 71.83 for the second support level. However, for the 1st resistance point, the stock is sitting at 74.46, and for the 2nd resistance point, it is at 75.73.
Ratios To Look Out For
It’s worth pointing out that Southwest Gas Holdings Inc [NYSE:SWX]’s Current Ratio is 0.79. Also, the Quick Ratio is 0.74, while the Cash Ratio stands at 0.06. Considering the valuation of this stock, the price to sales ratio is 0.96, the price to book ratio is 1.58 and price to earnings (TTM) ratio is 34.33.
Transactions by insiders
Recent insider trading involved Daily Paul M, CEO/Centuri Group, Inc., that happened on Dec 27 ’23 when 1000.0 shares were sold. 10% Owner, ICAHN CARL C completed a deal on Sep 27 ’23 to buy 1400.0 shares. Meanwhile, 10% Owner ICAHN CARL C bought 4536.0 shares on Sep 26 ’23.
