Quanta Services Inc (NYSE:PWR) has been assigned a consensus recommendation of “Buy” from the seventeen ratings firms that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and thirteen have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $45.15.
PWR has been the topic of a number of recent analyst reports. Robert W. Baird set a $42.00 price objective on Quanta Services and gave the stock a “hold” rating in a research note on Wednesday, January 3rd. Zacks Investment Research lowered Quanta Services from a “hold” rating to a “sell” rating in a research note on Monday, January 8th. Stifel Nicolaus reiterated a “buy” rating and issued a $45.00 price objective on shares of Quanta Services in a research note on Friday, January 26th. B. Riley lowered their price target on Quanta Services from $50.00 to $48.00 and set a “buy” rating on the stock in a research note on Monday, February 26th. Finally, KeyCorp restated an “overweight” rating and set a $49.00 price target (up from $46.00) on shares of Quanta Services in a research note on Friday, February 23rd.
Shares of Quanta Services stock traded up $0.39 during trading on Wednesday, reaching $34.54. The company’s stock had a trading volume of 721,599 shares, compared to its average volume of 1,506,932. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.87 and a current ratio of 1.92. The firm has a market capitalization of $5,250.38, a PE ratio of 19.19, a PEG ratio of 1.77 and a beta of 0.86. Quanta Services has a one year low of $30.23 and a one year high of $40.10.
Quanta Services (NYSE:PWR) last posted its quarterly earnings data on Thursday, February 22nd. The construction company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. The business had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.34 billion. Quanta Services had a return on equity of 7.75% and a net margin of 3.33%. The firm’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 posted $0.56 earnings per share. research analysts forecast that Quanta Services will post 2.41 earnings per share for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Avestar Capital LLC acquired a new stake in Quanta Services during the fourth quarter valued at approximately $108,000. Cerebellum GP LLC acquired a new stake in Quanta Services during the fourth quarter valued at approximately $130,000. SSI Investment Management Inc. acquired a new stake in Quanta Services during the fourth quarter valued at approximately $209,000. Commerce Bank acquired a new stake in Quanta Services during the fourth quarter valued at approximately $222,000. Finally, Parametrica Management Ltd acquired a new stake in Quanta Services during the fourth quarter valued at approximately $264,000. 86.29% of the stock is currently owned by 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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