Analysis: Southwest Gas Corporation (NYSE:SWX) Stock Target Raised Today
In analysts note published by Jefferies & Co on 3 December, the firm, Southwest Gas Corporation (NYSE:SWX), had their Estimated Target Price downgraded to $57.00. Analusts at present have a solid Hold rating on the stock.
From a total of 4 analysts covering Southwest Gas Corporation (NYSE:SWX) stock, 4 rate it a ”Buy”, 0 a “Sell”, and 3 a ”Hold”. This means that 57% of the ratings are positive. Southwest Gas Corporation was the topic of 5 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Argus Research maintained shares on October 12 with “Buy” rating. Zacks downgraded SWX stock in a recent report from September 1 to “Hold” rating.
Approximately 97,706 shares of stock traded hands. Southwest Gas Corporation (NYSE:SWX) has declined 0.71% since April 30, 2015 and is downtrending. It has underperformed by 0.42% the S&P500.
Southwest Gas Corporation is engaged in the business of purchasing, distributing and transporting natural gas in Arizona, Nevada and California. The company has a market cap of $2.58 billion. The Firm has two business divisions: natural gas activities and construction services. It has 19.03 P/E ratio. The Firm operates two pipeline transmission systems: a system, including a liquefied natural gas storage facility owned by Paiute extending from the Idaho-Nevada border to the Reno, Sparks, and Carson City areas and communities in the Lake Tahoe area in both California and Nevada and other communities in northern and western Nevada, and a system extending from the Colorado River at the southern tip of Nevada to the Las Vegas distribution area.
According to Zacks Investment Research, “SOUTHWEST GAS CORP. is principally engaged in the business of purchasing, transporting, and distributing natural gas in portions of Arizona, Nevada, and California. The Company also engaged in financial services activities, through PriMerit Bank, Federal Savings Bank (PriMerit or the Bank), a wholly owned subsidiary.” Get a free copy of the Zacks research report on Southwest Gas Corporation (SWX).