In a report released yesterday, Richard Sunderland from J.P. Morgan maintained a Hold rating on Southwest Gas (SWX – Research Report), with a price target of $67.00. The company’s shares closed yesterday at $62.44.
According to TipRanks, Sunderland is a 2-star analyst with an average return of 1.1% and a 43.33% success rate. Sunderland covers the Utilities sector, focusing on stocks such as American Water, Atmos Energy, and New Jersey Resources.
In addition to J.P. Morgan, Southwest Gas also received a Hold from Bank of America Securities’s Julien Dumoulin Smith in a report issued on March 15. However, on March 29, Argus Research maintained a Buy rating on Southwest Gas (NYSE: SWX).
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The company has a one-year high of $93.08 and a one-year low of $57.75. Currently, Southwest Gas has an average volume of 546.9K.
Based on the recent corporate insider activity of 59 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SWX in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
uthwest Gas Holdings, Inc. engages in the energy business. It operates through the following segments: Natural Gas Operations and Utility Infrastructure Services. The Natural Gas Operations segment purchases, distributes, and transports natural gas in Arizona, California, and Nevada. The Utility Infrastructure Services segment enterprise to delivering a diverse array of solutions to North America’s gas and electric providers. The company was founded in March 1931 and is headquartered in Las Vegas, NV.
Read More on SWX:
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- Carl Icahn increases stake in Southwest Gas by $32M
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