Breaking A New 52 Week High, Southwest Gas Holdings Inc (NYSE:SWX) Finishes At $88.10

SWX
SWX

Southwest Gas Holdings Inc (NYSE:SWX)

June 13th, 2019

With markets going up Southwest Gas Holdings Inc closed Thursday up 0.71%, a $0.62 increase to close on $88.10. Furthermore it hit a new 52 week high of $88.71. Be aware that the Altman Z-Score1 (An indicator of the probability for a 2-year bankruptcy) is below the recommended threshold of 1.8%, and calculated to be 1.25.

SWX outperformed the rest of the Utilities sector which went up 0.15% today.

Results from 6 analysts indicates that Southwest Gas Holdings Inc could decline somewhat (-7.28%), while Finbox has calculated (with medium uncertainty) a fair value price of $77.20.

Market Sectors

The market sectors were mixed Thursday with a majority of the sectors trending up. Energy saw the biggest increase of the day (1.25%), while the Healthcare sector saw the biggest drop (-0.11%). Information Technology has seen the biggest year-to-date gain of 23.06%.

Utilities saw the biggest turn-around compared to its 5-day performance (-0.31%), as it went up by 0.15%. Healthcare saw a turn-around from its 5-day performance of 2.18% trading down -0.11%.

Sector Breakdown

  • Energy, up 1.25%.
  • Communication Services, up 1.14%.
  • Consumer Discretionary, up 0.90%.
  • Materials, up 0.58%.
  • Industrials, up 0.54%.
  • Financials, up 0.23%.
  • Information Technology, up 0.22%.
  • Utilities, up 0.15%.
  • Consumer Staples, up 0.11%.
  • Real Estate, up 0.09%.
  • Healthcare, down -0.11%.

Southwest Gas Holdings Inc Info

Southwest Gas Holdings, Inc., through its subsidiaries, purchases, distributes, and transports natural gas in Arizona, Nevada, and California. The company operates through two segments, Natural Gas Operations and Utility Infrastructure Services. As of December 31, 2018, it had 2,047,000 residential, commercial, industrial, and other natural gas customers. The company also provides trenching and installation, replacement, and maintenance services for energy distribution systems; industrial construction solutions; and electrical distribution and transmission utility infrastructure services in the Gulf Coast and Mid-Atlantic region. The company also serves customers in the provinces of British Columbia and Ontario in Canada. Southwest Gas Holdings, Inc. was founded in 1931 and is headquartered in Las Vegas, Nevada.

All amounts in USD unless otherwise indicated

(1) The Altman Z-Score calculation was first published in 1968 by Edward I. Altman, and is used for predicting the probability that a firm will go into bankruptcy within two years. An Altman Z-Score below 1.8 (Remember that Southwest Gas Holdings Inc’s score is 1.25) is the trigger to be alert for this situation. Some analysts believe this score is less relevant for some companies, in particular companies operating to accumulate users that may run at huge losses to scale up.

SWX daily update
SWX daily update

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