Jefferies upgraded Southwest Gas (NYSE:SWX) from Underperform to Hold in a report released today.
- Updated: October 13, 2016
Yesterday Southwest Gas (NYSE:SWX) traded 0.73% higher at $65.71. The company’s 50-day moving average is $69.68 and its 200-day moving average is $70.94. The last stock close price is down -6.70% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 21,786 shares of the stock were exchanged, down from an average trading volume of 221,291
Jefferies has upgraded Southwest Gas (NYSE:SWX) from Underperform to Hold in a report released on 10/13/2016.
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Southwest Gas has a 52 week low of $50.53 and a one year high of $79.58 with a price-earnings ratio of 21.62 SWX’s total market value is presently $0.
A total of 4 equity analysts have released a research note on SWX. Two equity analysts rating the company a strong buy, one equity analyst rating the company a buy, four equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $62.25.
More About Southwest Gas (NYSE:SWX)
Southwest Gas Corporation is engaged in the business of purchasing, distributing and transporting natural gas in Arizona, Nevada and California. 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). Its natural gas operations segment includes acquiring and arranging delivery of natural gas to its system in sufficient quantities. It acquires natural gas from various sources and a mix of purchase provisions, which includes spot market and firm supplies. Centuri is a full-service underground piping contractor that primarily provides utility companies with trenching and installation, replacement and maintenance services for energy distribution systems, and industrial construction solutions. Centuri operates through NPL Construction Co., Link-Line Contractors Ltd., W.S. Nicholls Construction, Inc. and related companies, and Brigadier Pipelines Inc.
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