Southwest Gas stock gets a USD 95.00 Scotiabank target

Published on 10/08/2026 at 04:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Southwest Gas stock carries a Moderate Buy consensus at USD 101.83 on October 5. Q2 2026 revenue fell 9.6 percent to USD 358.15 million, while FY2026 EPS guidance stayed at USD 4.17-4.32.

SWX, US8448951025, Illustration mit AI erstellt.

Southwest Gas Holdings stock (ISIN US8448951025) received a USD 95.00 price target and Sector Outperform rating from Scotiabank in a research note dated October 1, 2026. The utility's valuation now hinges on whether planned infrastructure investment can offset weaker quarterly revenue.

Scotiabank sees USD 4.29 EPS

According to MarketBeat on October 5, 2026, Scotiabank expects fiscal 2026 earnings per share of USD 4.29, compared with the consensus estimate of USD 4.26. Its USD 95.00 target sits below the broader average, but the rating remains Sector Outperform.

The same report placed the consensus at Moderate Buy, based on six Buy ratings and one Hold rating, with an average price target of USD 101.83. Against the October 7 price of USD 82.48, that average target lies 23.5 percent above the price.

Revenue fell 9.6 percent

Southwest Gas reported second-quarter 2026 revenue of USD 358.15 million, down 9.6 percent from the same quarter a year earlier, while quarterly earnings per share reached USD 0.45. The revenue result was below the USD 416.20 million analyst estimate cited by MarketBeat.

Fiscal 2026 EPS guidance remained USD 4.17-4.32. That range places Scotiabank's USD 4.29 estimate inside management's stated outlook, linking the analyst view to the company's existing guidance rather than to a new forecast range.

Great Basin project shapes valuation

Jefferies lowered its target from USD 107.00 to USD 106.00 while retaining a Buy rating, as Investing.com reported on October 5, 2026. The analysis tied its valuation to the USD 2.3 billion Great Basin pipeline expansion and a regulatory filing due by year-end.

Southwest Gas operates regulated natural-gas distribution businesses serving customers in Arizona, Nevada and California. That regulated footprint offers earnings visibility, while the 9.6 percent revenue decline shows why project execution and rate-case progress matter for the valuation.

SWX was last at USD 82.48

On the NYSE, Southwest Gas was last at USD 82.48 on October 7, 2026, at 4:00 p.m. ET, down 1.01 percent from the prior close. The stock's 52-week range was USD 76.74 to USD 94.47, and its market capitalization was USD 6.0 billion.