Promising Water Stocks Worth Watching – May 15th

Progressive, Coca-Cola, PepsiCo, Home Depot, and Loar are the five Water stocks to watch today, according to MarketBeat’s stock screener tool. Water stocks are shares of publicly traded companies whose primary business involves the sourcing, treatment, transport or management of water—such as utilities, desalination firms, pipeline operators and wastewater-treatment providers. Investors often view them as defensive or sustainable holdings, since demand for clean water remains essential and relatively inelastic regardless of broader market cycles. These companies had the highest dollar trading volume of any Water stocks within the last several days.

Progressive (PGR)

The Progressive Corporation, an insurance holding company, provides personal and commercial auto, personal residential and commercial property, business related general liability, and other specialty property-casualty insurance products and related services in the United States. It operates in three segments: Personal Lines, Commercial Lines, and Property.

Shares of NYSE PGR traded up $3.27 on Thursday, hitting $281.44. The company’s stock had a trading volume of 3,050,696 shares, compared to its average volume of 2,641,133. Progressive has a 12-month low of $201.34 and a 12-month high of $292.99. The company has a market capitalization of $164.99 billion, a price-to-earnings ratio of 19.54, a price-to-earnings-growth ratio of 1.70 and a beta of 0.40. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.31 and a quick ratio of 0.30. The stock has a 50 day moving average of $275.14 and a 200-day moving average of $261.00.

Coca-Cola (KO)

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks, sparkling flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and other beverages. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.

Shares of KO traded up $2.18 on Thursday, hitting $71.34. 11,968,592 shares of the stock traded hands, compared to its average volume of 15,566,262. The company has a quick ratio of 0.84, a current ratio of 1.03 and a debt-to-equity ratio of 1.61. The firm has a market capitalization of $307.07 billion, a P/E ratio of 28.88, a P/E/G ratio of 3.79 and a beta of 0.47. The stock’s 50 day moving average is $70.86 and its two-hundred day moving average is $66.68. Coca-Cola has a 1 year low of $60.62 and a 1 year high of $74.38.

PepsiCo (PEP)

PepsiCo, Inc. engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.

Shares of PepsiCo stock traded up $2.19 during trading hours on Thursday, hitting $130.64. The company’s stock had a trading volume of 5,312,524 shares, compared to its average volume of 6,339,085. PepsiCo has a 1-year low of $127.87 and a 1-year high of $183.41. The business has a fifty day moving average of $142.28 and a 200 day moving average of $150.16. The company has a market capitalization of $179.12 billion, a PE ratio of 18.80, a P/E/G ratio of 3.09 and a beta of 0.47. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05.

Home Depot (HD)

The Home Depot, Inc. operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.

HD traded up $5.61 during trading hours on Thursday, reaching $378.42. 1,551,686 shares of the stock traded hands, compared to its average volume of 3,417,049. The firm’s fifty day simple moving average is $357.77 and its two-hundred day simple moving average is $388.29. The company has a market cap of $376.16 billion, a price-to-earnings ratio of 25.71, a PEG ratio of 4.03 and a beta of 1.05. Home Depot has a fifty-two week low of $323.77 and a fifty-two week high of $439.37. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31.

Loar (LOAR)

Loar Holdings Inc., through its subsidiaries, designs, manufactures, and markets aerospace and defense components for aircraft, and aerospace and defense systems in the United States and internationally. It offers products in various categories, which include airframe components, structural components, avionics, composites, braking system components, de-ice and ice protection, electro-mechanical, engineered materials, flight controls, fluid and motion controls, environmental, metal forming, molded components, and restraints and safety devices.

Shares of Loar stock traded up $0.59 during trading hours on Thursday, reaching $84.00. The company’s stock had a trading volume of 4,837,273 shares, compared to its average volume of 459,734. The company’s 50 day simple moving average is $80.50 and its 200 day simple moving average is $79.64. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.28 and a current ratio of 3.95. Loar has a one year low of $47.65 and a one year high of $99.67. The stock has a market cap of $7.86 billion and a P/E ratio of 350.00.