Quanta Services PT Raised to $42.00 at FBR Capital Markets (PWR)
Research analysts at FBR Capital Markets lifted their target price on shares of Quanta Services (NYSE:PWR) from $38.00 to $42.00 in a report released on Friday, American Banking & Market News reports. The firm currently has an “outperform” rating on the stock. FBR Capital Markets’ price target indicates a potential upside of 21.60% from the company’s current price.
Shares of Quanta Services (NYSE:PWR) traded down 0.12% during mid-day trading on Friday, hitting $34.50. 3,171,907 shares of the company’s stock traded hands. Quanta Services has a 52-week low of $25.26 and a 52-week high of $35.35. The stock’s 50-day moving average is $31.52 and its 200-day moving average is $29.20. The company has a market cap of $7.447 billion and a price-to-earnings ratio of 22.11.
Quanta Services (NYSE:PWR) last announced its earnings results on Thursday, February 20th. The company reported $0.50 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.40 by $0.10. The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.71 billion. On average, analysts predict that Quanta Services will post $1.82 earnings per share for the current fiscal year.
PWR has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Quanta Services in a research note on Friday, January 10th. They now have a $33.00 price target on the stock. Separately, analysts at Stephens initiated coverage on shares of Quanta Services in a research note on Thursday, December 19th. They set an “overweight” rating on the stock. Finally, analysts at Goldman Sachs initiated coverage on shares of Quanta Services in a research note on Tuesday, December 10th. They set a “neutral” rating and a $29.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $35.32.
Quanta Services, Inc is a provider of specialty contracting services, offering infrastructure solutions primarily to the electric power and natural gas and oil pipeline industries.
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