Water Stocks To Add to Your Watchlist - July 8th

Progressive, PepsiCo, and Home Depot are the three Water stocks to watch today, according to MarketBeat's stock screener tool. Water stocks are shares of companies involved in the supply, treatment and distribution of water and wastewater services. These firms design, build and maintain infrastructure—from pipelines and desalination plants to filtration systems—and often work under long-term government or municipal contracts. Because water is an essential resource with inelastic demand, water stocks are typically viewed as defensive investments offering stable cash flows. 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 Progressive stock traded down $2.80 during mid-day trading on Tuesday, reaching $250.74. 3,311,669 shares of the stock were exchanged, compared to its average volume of 2,791,855. The company has a market cap of $146.99 billion, a price-to-earnings ratio of 16.91, a price-to-earnings-growth ratio of 1.61 and a beta of 0.37. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.24. Progressive has a fifty-two week low of $207.50 and a fifty-two week high of $292.99. The firm has a 50-day simple moving average of $273.96 and a 200 day simple moving average of $265.71.

Read Our Latest Research Report on PGR

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.

PEP traded up $0.71 during trading hours on Tuesday, hitting $135.16. 5,291,037 shares of the company's stock were exchanged, compared to its average volume of 7,056,988. The company has a quick ratio of 0.65, a current ratio of 0.83 and a debt-to-equity ratio of 2.13. The stock's 50-day moving average is $131.42 and its two-hundred day moving average is $141.98. The stock has a market cap of $185.32 billion, a price-to-earnings ratio of 19.88, a PEG ratio of 4.23 and a beta of 0.45. PepsiCo has a 1-year low of $127.60 and a 1-year high of $180.91.

Read Our Latest Research Report on PEP

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.

NYSE:HD traded up $0.34 during mid-day trading on Tuesday, reaching $367.98. The stock had a trading volume of 1,571,468 shares, compared to its average volume of 3,431,052. The stock has a 50-day simple moving average of $365.35 and a two-hundred day simple moving average of $375.98. The stock has a market capitalization of $366.11 billion, a PE ratio of 24.96, a P/E/G 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. The company has a debt-to-equity ratio of 5.95, a current ratio of 1.09 and a quick ratio of 0.28.

Read Our Latest Research Report on HD