SWX

Southwest Gas Holdings Inc

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Advanced Chart

78.420

+0.05(0.064%)1D

Overview
Forecast
Valuation
Earnings

Line

Candle

YTD

High

78.620

Open

78.280

VWAP

78.37

Vol

224.75K

Mkt Cap

5.64B

Low

77.655

Amount

17.61M

EV/EBITDA(TTM)

10.75

Total Shares

71.67M

10.46B

EV/OCF(TTM)

9.48

P/S(TTM)

1.17

Southwest Gas Holdings, Inc. is a holding company. The Company conducts its operations through its wholly owned subsidiaries, Southwest Gas Corporation (Southwest) and Centuri Holdings, Inc. (Centuri). The Company's segments include Natural Gas Distribution and Utility Infrastructure Services. The Natural Gas Distribution segment is engaged in the business of purchasing, distributing, and transporting natural gas. The Utility Infrastructure Services segment is primarily engaged in the business of providing gas and electric providers installation, replacement, repair, and maintenance of energy networks. Southwest and its subsidiaries provide regulated natural gas delivery services to customers in portions of Arizona, Nevada, and California. Centuri is a utility infrastructure services enterprise that delivers a diverse array of solutions to North America’s gas and electric providers. Centuri operates in 89 primary locations across 46 U.S. states and four Canadian provinces.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q4

FY2025Q3

FY2025Q2

1.32B

+4.04%

1.08B

-0.29%

1.06B

-10.28%

Estimates Revision

The market is revising Upward the revenue expectations for Southwest Gas Holdings, Inc. (SWX) for FY2025, with the revenue forecasts being adjusted by 1.36% over the past three months. During the same period, the stock price has changed by 7.79%.

Revenue Estimates for FY2025

Revise Upward

+1.36%

In Past 3 Month

Stock Price

Go Up

+7.79%

In Past 3 Month

4 Analyst Rating

-3.40% Downside

Wall Street analysts forecast SWX stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for SWX is 75.75 USD with a low forecast of 74.00 USD and a high forecast of 78.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

1 Buy

3 Hold

0 Sell

Hold

-3.40% Downside

Current: 78.420

Low

74.00

Averages

75.75

High

78.00

-3.40% Downside

Current: 78.420

Low

74.00

Averages

75.75

High

78.00

Jefferies

Hold

Buy

upgrade

$74 -> $82

2025-07-08

Reason

Jefferies

Price Target

$74 -> $82

2025-07-08

upgrade

Hold

Buy

Reason

Jefferies upgraded Southwest Gas to Buy from Hold with a price target of $82, up from $74. Arizona's System Integrity Mechanism settlement creates "immediate value" through annual recovery of 40% of infrastructure capital spending in the state starting in April 2026, while Nevada's newly signed SB 417 "lays the foundation for the implementation of formula rates," according to the analyst, who argues that this regulatory momentum accelerates Southwest's earnings power beyond Street expectations.

JPMorgan

Richard Sunderland

Neutral

downgrade

$79 -> $75

2025-05-28

Reason

JPMorgan

Richard Sunderland

Price Target

$79 -> $75

2025-05-28

downgrade

Neutral

Reason

JPMorgan analyst Richard Sunderland lowered the firm's price target on Southwest Gas to $75 from $79 and keeps a Neutral rating on the shares. The firm updated models in the North American utilities group.

BofA

Ross Fowler

Underperform -> Neutral

upgrade

$69 -> $74

2025-05-23

Reason

BofA

Ross Fowler

Price Target

$69 -> $74

2025-05-23

upgrade

Underperform -> Neutral

Reason

BofA analyst Ross Fowler upgraded Southwest Gas to Neutral from Underperform with a price target of $74, up from $69.

BofA

Ross Fowler

Underperform -> Neutral

upgrade

$69 -> $74

2025-05-23

Reason

BofA

Ross Fowler

Price Target

$69 -> $74

2025-05-23

upgrade

Underperform -> Neutral

Reason

As previously reported, BofA analyst Ross Fowler upgraded Southwest Gas (SWX) to Neutral from Underperform with a price target of $74, up from $69. The firm, which sees a balanced risk/reward profile with initial monetization action taken to reduce the overhang from the pending Centuri (CTRI) separation, also cites an improving view of the regulatory construct in Arizona. Southwest completed a 9M share secondary offering of a portion of their ownership in Centuri, along with a $50M private placement of shares to Icahn Investors, notes the firm, whose calculations show Southwest receiving about $225M in net proceeds from the offerings, taking care of 2025-2026 equity needs.

JP Morgan

Richard Sunderland

Hold

Maintains

$76 → $72

2025-01-28

Reason

JP Morgan

Richard Sunderland

Price Target

$76 → $72

2025-01-28

Maintains

Hold

Reason

B of A Securities

Ross Fowler

Sell

Initiates

$73

2024-12-13

Reason

B of A Securities

Ross Fowler

Price Target

$73

2024-12-13

Initiates

Sell

Reason

See All Ratings

Valuation Metrics

The current forward P/E ratio for Southwest Gas Holdings Inc (SWX.N) is 20.78, compared to its 5-year average forward P/E of 20.58. For a more detailed relative valuation and DCF analysis to assess Southwest Gas Holdings Inc 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

Fair

5Y Average PE

20.58

Current PE

20.78

Overvalued PE

24.40

Undervalued PE

16.76

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

Fair

5Y Average EV/EBITDA

9.99

Current EV/EBITDA

10.20

Overvalued EV/EBITDA

11.22

Undervalued EV/EBITDA

8.77

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Fair

5Y Average PS

1.16

Current PS

1.24

Overvalued PS

1.59

Undervalued PS

0.74