Shares of Quanta Services, Inc. (NYSE:PWR) have been given a consensus rating of “Buy” by the fifteen ratings firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and ten have given a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $44.90.

A number of research firms have recently weighed in on PWR. KeyCorp reissued a “buy” rating and issued a $46.00 price target on shares of Quanta Services in a research note on Wednesday, November 29th. FBR & Co raised Quanta Services to an “outperform” rating and increased their price target for the company from $40.00 to $45.00 in a research note on Wednesday, August 9th. Zacks Investment Research downgraded Quanta Services from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 9th. BidaskClub downgraded Quanta Services from a “hold” rating to a “sell” rating in a research note on Friday, August 18th. Finally, Robert W. Baird reissued a “hold” rating and issued a $39.00 price target on shares of Quanta Services in a research note on Friday, October 6th.

Several institutional investors and hedge funds have recently added to or reduced their stakes in PWR. US Bancorp DE increased its position in shares of Quanta Services by 4.2% in the 2nd quarter. US Bancorp DE now owns 7,641 shares of the construction company’s stock valued at $252,000 after buying an additional 307 shares in the last quarter. Public Employees Retirement Association of Colorado increased its position in shares of Quanta Services by 0.3% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 31,071 shares of the construction company’s stock valued at $1,023,000 after buying an additional 87 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its position in shares of Quanta Services by 40.0% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 24,940 shares of the construction company’s stock valued at $821,000 after buying an additional 7,130 shares in the last quarter. CIBC Asset Management Inc increased its position in shares of Quanta Services by 0.4% in the 2nd quarter. CIBC Asset Management Inc now owns 13,120 shares of the construction company’s stock valued at $432,000 after buying an additional 53 shares in the last quarter. Finally, Bessemer Group Inc. increased its position in shares of Quanta Services by 22.2% in the 2nd quarter. Bessemer Group Inc. now owns 4,628 shares of the construction company’s stock valued at $152,000 after buying an additional 840 shares in the last quarter. Institutional investors and hedge funds own 85.97% of the company’s stock.

Quanta Services (PWR) opened at $38.29 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.85 and a quick ratio of 1.80. The firm has a market capitalization of $6,003.17, a price-to-earnings ratio of 20.31, a PEG ratio of 2.74 and a beta of 0.86. Quanta Services has a 12 month low of $30.23 and a 12 month high of $39.20.

Quanta Services (NYSE:PWR) last posted its quarterly earnings results on Thursday, November 2nd. The construction company reported $0.63 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.02. The company had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.30 billion. Quanta Services had a return on equity of 8.47% and a net margin of 3.18%. The firm’s quarterly revenue was up 27.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.55 EPS. sell-side analysts forecast that Quanta Services will post 1.77 earnings per share for the current year.

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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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