Promising Water Stocks To Consider - July 7th

Progressive, Home Depot, and CocaCola are the three 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 management, treatment, distribution or infrastructure of water resources. Investors buy them to gain exposure to a critical, inelastic resource—often viewed as a defensive or sustainability-driven play—though they carry regulatory, environmental and climate-related risks. 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.

Progressive stock traded down $8.28 during trading hours on Monday, reaching $253.38. 5,031,121 shares of the stock were exchanged, compared to its average volume of 2,789,108. The firm's 50 day moving average is $274.28 and its 200 day moving average is $265.62. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.29 and a current ratio of 0.29. The stock has a market cap of $148.54 billion, a P/E ratio of 17.09, a P/E/G ratio of 1.61 and a beta of 0.37. Progressive has a 52-week low of $207.50 and a 52-week high of $292.99.

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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.

Shares of HD traded down $4.17 during trading hours on Monday, reaching $367.51. The company had a trading volume of 3,332,691 shares, compared to its average volume of 3,438,106. The firm has a 50 day simple moving average of $365.14 and a 200-day simple moving average of $376.15. The company has a current ratio of 1.09, a quick ratio of 0.28 and a debt-to-equity ratio of 5.95. The company has a market capitalization of $365.65 billion, a price-to-earnings ratio of 24.93, a PEG ratio of 3.53 and a beta of 1.00. Home Depot has a 12-month low of $326.31 and a 12-month high of $439.37.

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CocaCola (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 down $0.37 during trading hours on Monday, reaching $70.98. The company had a trading volume of 16,850,257 shares, compared to its average volume of 16,181,524. The firm has a 50 day simple moving average of $71.08 and a 200-day simple moving average of $68.64. The company has a current ratio of 1.10, a quick ratio of 0.89 and a debt-to-equity ratio of 1.57. The company has a market capitalization of $305.52 billion, a price-to-earnings ratio of 28.39, a PEG ratio of 3.74 and a beta of 0.45. CocaCola has a 12-month low of $60.62 and a 12-month high of $74.38.

Read Our Latest Research Report on KO