Quanta Services, Inc. (NYSE:PWR)‘s stock had its “buy” rating reissued by KeyCorp in a report released on Friday. They currently have a $45.00 price target on the construction company’s stock. KeyCorp’s price target points to a potential upside of 26.19% from the stock’s previous close.

A number of other research analysts have also recently commented on the company. Zacks Investment Research cut Quanta Services from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Robert W. Baird raised their price target on Quanta Services from $39.00 to $41.00 and gave the stock a “neutral” rating in a research report on Friday. Credit Suisse Group restated a “buy” rating and issued a $46.00 price target on shares of Quanta Services in a research report on Wednesday, July 26th. Johnson Rice upgraded Quanta Services from an “accumulate” rating to a “buy” rating and raised their price target for the stock from $41.00 to $43.00 in a research report on Friday, August 4th. Finally, BidaskClub upgraded Quanta Services from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $44.20.

Shares of Quanta Services (NYSE:PWR) traded down $0.90 during midday trading on Friday, hitting $35.66. The company had a trading volume of 1,920,000 shares, compared to its average volume of 1,080,000. The company has a quick ratio of 1.96, a current ratio of 1.85 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $5,530.00, a PE ratio of 19.14, a P/E/G ratio of 2.52 and a beta of 0.87. Quanta Services has a 52 week low of $27.73 and a 52 week high of $38.82.

Quanta Services (NYSE:PWR) last posted its quarterly earnings data on Thursday, November 2nd. The construction company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.02. The firm had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.30 billion. Quanta Services had a return on equity of 8.47% and a net margin of 3.18%. The company’s quarterly revenue was up 27.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.55 EPS. research analysts anticipate that Quanta Services will post 1.81 earnings per share for the current year.

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In other news, EVP Randall C. Wisenbaker sold 9,000 shares of Quanta Services stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $35.15, for a total transaction of $316,350.00. Following the sale, the executive vice president now directly owns 34,797 shares of the company’s stock, valued at $1,223,114.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John Michal Conaway sold 4,000 shares of Quanta Services stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $35.79, for a total value of $143,160.00. Following the sale, the director now directly owns 17,152 shares in the company, valued at $613,870.08. The disclosure for this sale can be found here. Insiders have sold 17,000 shares of company stock worth $597,550 over the last three months. Insiders own 0.70% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC boosted its stake in shares of Quanta Services by 182.5% during the second quarter. Tower Research Capital LLC TRC now owns 3,390 shares of the construction company’s stock valued at $112,000 after purchasing an additional 2,190 shares in the last quarter. Bessemer Group Inc. boosted its stake in shares of Quanta Services by 22.2% during the second quarter. Bessemer Group Inc. now owns 4,628 shares of the construction company’s stock valued at $152,000 after purchasing an additional 840 shares in the last quarter. Commonwealth Bank of Australia acquired a new stake in shares of Quanta Services during the second quarter valued at about $164,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Quanta Services by 14.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,748 shares of the construction company’s stock valued at $189,000 after purchasing an additional 708 shares in the last quarter. Finally, Global X Management Co. LLC boosted its stake in shares of Quanta Services by 129.4% during the second quarter. Global X Management Co. LLC now owns 5,766 shares of the construction company’s stock valued at $190,000 after purchasing an additional 3,253 shares in the last quarter. 87.18% of the stock is currently owned by hedge funds and other institutional investors.

Quanta Services Company Profile

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.

Analyst Recommendations for Quanta Services (NYSE:PWR)

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