Quanta Services (NYSE: PWR) has recently received a number of price target changes and ratings updates:

  • 8/8/2017 – Quanta Services was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 8/4/2017 – Quanta Services was upgraded by analysts at Johnson Rice from an “accumulate” rating to a “buy” rating. They now have a $43.00 price target on the stock, up previously from $23.60.
  • 8/4/2017 – Quanta Services had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $45.00 price target on the stock.
  • 8/4/2017 – Quanta Services had its “buy” rating reaffirmed by analysts at Credit Suisse Group. They now have a $47.00 price target on the stock.
  • 8/3/2017 – Quanta Services was upgraded by analysts at FBR & Co from a “market perform” rating to an “outperform” rating. They now have a $45.00 price target on the stock, up previously from $40.00.
  • 7/26/2017 – Quanta Services had its “buy” rating reaffirmed by analysts at Credit Suisse Group. They now have a $46.00 price target on the stock.
  • 7/26/2017 – Quanta Services was downgraded by analysts at Robert W. Baird from an “outperform” rating to a “neutral” rating. They now have a $38.00 price target on the stock, down previously from $41.00.
  • 7/24/2017 – Quanta Services was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $37.00 price target on the stock. According to Zacks, “Quanta Services began 2017 on a solid note, with robust year-over-year top- and bottom-line growth as well as an impressive revenues- and earnings-guidance hike for the full year. Going forward, the company expects a strong rebound in its end markets, including oil and gas, as it enters a renewed multiyear up-cycle for businesses. Also, rise in customers' multiyear capital budgets and favorable regulatory environment are expected to stoke growth. Moreover, Quanta Services’ strategic buyouts to boost core business holds promise. Following the resolution of the issue, Quanta Services is free to expand its communications infrastructure footprint in the U.S. Despite these positives, over the past six months, shares of Quanta Services have yielded a negative return, narrower  than the decline of the Zacks categorized Engineering/R&D Services industry. Also, project losses and delays, due to harsh weather conditions, add to woes.”
  • 7/24/2017 – Quanta Services was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/13/2017 – Quanta Services was upgraded by analysts at UBS AG from a “neutral” rating to a “buy” rating. They now have a $42.00 price target on the stock, up previously from $38.00.
  • 7/13/2017 – Quanta Services was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 7/11/2017 – Quanta Services was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Quanta Services began 2017 on a solid note, with robust year-over-year top- and bottom-line growth as well as an impressive revenues- and earnings-guidance hike for the full year. Going forward, the company expects a strong rebound in its end markets, including oil and gas, as it enters a renewed multiyear up-cycle for businesses. Also, rise in customers' multiyear capital budgets and favorable regulatory environment are expected to stoke growth. This apart, Quanta Services’ strategic acquisitions to boost core business holds promise. Despite these positives, over the past three months, shares of Quanta Services have significantly underperformed the Zacks categorized Engineering/R&D Services industry's return. The company believes that obtaining sighting and permission for energy infrastructure projects may continue to remain impact profitability. Also, project losses and delays, due to harsh weather conditions, add to woes.”
  • 7/7/2017 – Quanta Services had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $43.00 price target on the stock.
  • 7/7/2017 – Quanta Services was upgraded by analysts at TheStreet from a “c+” rating to a “b-” rating.
  • 7/5/2017 – Quanta Services was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Quanta Services shares have underperformed the Zacks categorized Engineering/R&D Services industry's return over the past three months. The company believes that obtaining sighting and permission for energy infrastructure projects may continue to remain impact profitability. Presently, the company is exposed to several potential risks, including inclement weather, volatility in the oil and gas segment and stiff competition. A challenging Canadian economy also continues to be a significant headwind, thwarting growth. Also, project losses and delays, due to harsh weather conditions, add to woes. However, Quanta Services expects a strong rebound in its end markets, including oil and gas, as it enters a renewed multiyear up-cycle for businesses. Also, rise in customers' multiyear capital budgets and favorable regulatory environment are expected to stoke growth.”
  • 6/29/2017 – Quanta Services was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 6/23/2017 – Quanta Services was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 6/10/2017 – Quanta Services was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.

Quanta Services, Inc. (PWR) traded up 0.69% during trading on Tuesday, hitting $36.54. 2,377,013 shares of the stock traded hands. The firm has a 50-day moving average price of $32.94 and a 200 day moving average price of $34.70. Quanta Services, Inc. has a 52-week low of $23.60 and a 52-week high of $38.82. The company has a market cap of $5.56 billion, a P/E ratio of 25.25 and a beta of 0.84.

Quanta Services (NYSE:PWR) last released its quarterly earnings results on Thursday, August 3rd. The construction company reported $0.50 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by $0.03. Quanta Services had a net margin of 3.21% and a return on equity of 8.36%. The business had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.13 billion. During the same period in the previous year, the company earned $0.18 EPS. Quanta Services’s revenue for the quarter was up 22.8% compared to the same quarter last year. On average, equities analysts expect that Quanta Services, Inc. will post $2.01 EPS for the current year.

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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