Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $72.25 on Southwest Gas Corporation (NYSE:SWX) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $3.18 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Southwest Gas Corporation (NYSE:SWX) stands at 24.92.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Southwest Gas Corporation Commo, the PEG ratio for coming 3-5 years is 5.93.
The technical analysis highlights that Southwest Gas Corporation Commo current is trading $-2.56 points away or -3.34% from its 50-day moving average of $76.86. Further it is trading $6.36 or +9.36% away its 200-day moving average of $67.94.
The 52-week high of Southwest Gas Corporation (NYSE:SWX) was $79.58 while lowest point recorded in 52-week was $50.53. It implies if stock price makes a movement of over $-5.28, it will record a new 52-week high. In the case of +47.04% drop, it will touch a new 52-week low.
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