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Quanta Services (NYSE:PWR)’s share price hit a new 52-week high on Wednesday , Analyst Ratings.Net reports. The company traded as high as $37.49 and last traded at $37.20, with a volume of 554,361 shares. The stock had previously closed at $36.96.

A number of research firms have recently commented on PWR. Analysts at Robert W. Baird upgraded shares of Quanta Services from a “neutral” rating to an “outperform” rating in a research note on Friday, August 1st. They now have a $40.00 price target on the stock, down previously from $41.00. Analysts at Global Hunter Securities initiated coverage on shares of Quanta Services in a research note on Thursday, June 19th. They set a “buy” rating and a $41.00 price target on the stock. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. Quanta Services presently has a consensus rating of “Buy” and a consensus target price of $37.33.

The stock has a 50-day moving average of $34.99 and a 200-day moving average of $34.94. The company has a market cap of $8.078 billion and a P/E ratio of 20.39.

Quanta Services (NYSE:PWR) last announced its earnings results on Thursday, July 31st. The company reported $0.43 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.41 by $0.02. The company had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter last year, the company posted $0.38 earnings per share. Quanta Services’s revenue was up 26.5% compared to the same quarter last year. On average, analysts predict that Quanta Services will post $1.99 earnings per share for the current fiscal year.

Quanta Services, Inc (NYSE:PWR) 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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