Zacks Investment Research upgraded Southwest Gas Corporation (NYSE:SWX) to Hold in a report released today.
- Updated: September 20, 2016
Zacks Investment Research has upgraded Southwest Gas Corporation (NYSE:SWX) to Hold in a report released on 9/20/2016.
Yesterday Southwest Gas Corporation (NYSE:SWX) traded -0.03% lower at $70.08. The company’s 50-day moving average is $72.01 and its 200-day moving average is $70.44. The last stock close price is down -0.41% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 158,537 shares of the stock were exchanged, down from an average trading volume of 392,430
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Southwest Gas Corporation has a 52 week low of $50.53 and a 52 week high of $79.58 with a P/E ratio of 22.91 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 4 firms have reported on the stock. The consensus target price is $62.25 with 2 firms rating the stock a strong buy, 1 firm rating the stock a buy, 4 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About Southwest Gas Corporation (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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