Quanta Services (NYSE:PWR) has been given an average recommendation of “Buy” by the seventeen brokerages that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and thirteen have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $45.23.
Several equities research analysts recently commented on PWR shares. Alembic Global Advisors set a $45.00 price target on shares of Quanta Services and gave the stock a “buy” rating in a report on Friday, February 23rd. DA Davidson reissued a “buy” rating on shares of Quanta Services in a report on Thursday, February 22nd. Zacks Investment Research raised shares of Quanta Services from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a report on Friday, February 9th. Citigroup boosted their price target on shares of Quanta Services from $47.00 to $53.00 and gave the stock a “buy” rating in a report on Tuesday, February 6th. Finally, Stephens reissued a “buy” rating and issued a $49.00 price target on shares of Quanta Services in a report on Wednesday, January 31st.
Shares of Quanta Services opened at $36.29 on Thursday, according to MarketBeat Ratings. The firm has a market capitalization of $5.32 billion, a P/E ratio of 20.39, a P/E/G ratio of 1.75 and a beta of 0.87. The company has a quick ratio of 1.85, a current ratio of 1.91 and a debt-to-equity ratio of 0.24. Quanta Services has a one year low of $30.23 and a one year high of $40.10.
Quanta Services (NYSE:PWR) last issued its quarterly earnings results on Thursday, May 3rd. The construction company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.26 by $0.14. The company had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.08 billion. Quanta Services had a net margin of 3.14% and a return on equity of 7.57%. The firm’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.39 EPS. equities research analysts expect that Quanta Services will post 2.55 earnings per share for the current year.
Several institutional investors have recently added to or reduced their stakes in PWR. Greenhaven Associates Inc. purchased a new stake in shares of Quanta Services during the first quarter worth $43,305,000. Tide Point Capital Management LP acquired a new position in shares of Quanta Services during the 4th quarter valued at about $43,316,000. Caxton Associates LP boosted its position in shares of Quanta Services by 1,325.4% during the 4th quarter. Caxton Associates LP now owns 926,529 shares of the construction company’s stock valued at $36,237,000 after acquiring an additional 861,529 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of Quanta Services by 9.4% during the 4th quarter. Victory Capital Management Inc. now owns 6,546,374 shares of the construction company’s stock valued at $256,029,000 after acquiring an additional 562,296 shares during the last quarter. Finally, Neuberger Berman Group LLC boosted its position in shares of Quanta Services by 38.5% during the 1st quarter. Neuberger Berman Group LLC now owns 1,617,096 shares of the construction company’s stock valued at $55,547,000 after acquiring an additional 449,372 shares during the last quarter. 84.20% of the stock is owned by institutional investors and hedge funds.
Quanta Services Company Profile
Quanta Services, Inc provides specialty contracting services to the electric power, communication, and oil and gas industries in the United States, Canada, Australia, Latin America, and internationally. Its Electric Power Infrastructure Services segment provides network solutions, including the design, installation, upgrade, repair, and maintenance of electric power transmission and distribution infrastructure, and substation facilities, as well as other engineering and technical services.
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