Quanta Services (NYSE:PWR) received a $45.00 price target from equities researchers at Alembic Global Advisors in a research report issued to clients and investors on Friday. The brokerage currently has a “buy” rating on the construction company’s stock. Alembic Global Advisors’ price target suggests a potential upside of 26.16% from the company’s current price.
Several other research firms have also recently issued reports on PWR. Zacks Investment Research cut shares of Quanta Services from a “hold” rating to a “sell” rating in a research report on Monday, January 8th. Robert W. Baird set a $42.00 price objective on shares of Quanta Services and gave the stock a “hold” rating in a research report on Wednesday, January 3rd. Stifel Nicolaus reaffirmed a “buy” rating and set a $45.00 price objective on shares of Quanta Services in a research report on Friday, January 26th. Stephens reaffirmed a “buy” rating and set a $49.00 price objective on shares of Quanta Services in a research report on Wednesday, January 31st. Finally, Citigroup set a $47.00 price target on shares of Quanta Services and gave the company a “buy” rating in a research report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $45.15.
Shares of Quanta Services (NYSE:PWR) opened at $35.67 on Friday. The stock has a market cap of $5,518.90, a price-to-earnings ratio of 19.93, a PEG ratio of 1.83 and a beta of 0.79. Quanta Services has a 1 year low of $30.23 and a 1 year high of $40.10. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.80 and a current ratio of 1.92.
Quanta Services (NYSE:PWR) last released its quarterly earnings data on Thursday, February 22nd. The construction company reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.01. The business had revenue of $2.48 billion during the quarter, compared to analysts’ expectations of $2.34 billion. Quanta Services had a net margin of 3.33% and a return on equity of 7.75%. The company’s revenue for the quarter was up 17.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.56 EPS. research analysts anticipate that Quanta Services will post 2.43 earnings per share for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Xact Kapitalforvaltning AB purchased a new stake in Quanta Services in the fourth quarter valued at $488,000. Halsey Associates Inc. CT raised its holdings in shares of Quanta Services by 4.7% in the fourth quarter. Halsey Associates Inc. CT now owns 410,816 shares of the construction company’s stock valued at $16,067,000 after buying an additional 18,421 shares during the last quarter. Pier Capital LLC raised its holdings in shares of Quanta Services by 21.5% in the fourth quarter. Pier Capital LLC now owns 186,637 shares of the construction company’s stock valued at $7,299,000 after buying an additional 33,030 shares during the last quarter. Segall Bryant & Hamill LLC purchased a new stake in shares of Quanta Services in the fourth quarter valued at about $14,666,000. Finally, MetLife Investment Advisors LLC purchased a new stake in shares of Quanta Services in the fourth quarter valued at about $1,872,000. 83.60% of the stock is owned by hedge funds and other institutional investors.
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About Quanta Services
Quanta Services, Inc is a provider of specialty contracting services, offering infrastructure solutions primarily to the electric power and oil and gas industries in the United States, Canada and Australia and selected other international markets. The Company operates through two segments: Electric Power Infrastructure Services, which provides network solutions to customers in the electric power industry, and Oil and Gas Infrastructure Services, which provides network solutions to customers involved in the development and transportation of natural gas, oil and other pipeline products.
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