Positive Press Coverage Somewhat Unlikely to Affect Southwest Gas (SWX) Stock Price
News articles about Southwest Gas (NYSE:SWX) have been trending positive recently, Accern Sentiment reports. The research firm rates the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Southwest Gas earned a daily sentiment score of 0.28 on Accern’s scale. Accern also gave media stories about the utilities provider an impact score of 45.7553035225648 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Several brokerages have weighed in on SWX. Zacks Investment Research downgraded Southwest Gas from a “buy” rating to a “hold” rating in a research report on Friday, January 26th. UBS Group raised Southwest Gas from a “neutral” rating to a “buy” rating and set a $85.00 price target on the stock in a research report on Tuesday, December 19th. Citigroup increased their price target on Southwest Gas from $79.00 to $82.00 and gave the stock a “neutral” rating in a research report on Monday, November 20th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Southwest Gas in a research report on Friday, October 20th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $82.00.
Shares of Southwest Gas (NYSE:SWX) opened at $68.33 on Wednesday. The firm has a market capitalization of $3,250.00, a PE ratio of 20.10 and a beta of 0.48. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.82 and a current ratio of 0.82. Southwest Gas has a 12-month low of $66.61 and a 12-month high of $86.87.
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About Southwest Gas
Southwest Gas Holdings, Inc, formerly Southwest Gas Corporation, is engaged in the business of purchasing, distributing and transporting natural gas. 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).
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