Quanta Services (NYSE:PWR)‘s stock had its “buy” rating reissued by research analysts at Stifel Nicolaus in a report released on Thursday.

PWR has been the subject of several other reports. Zacks Investment Research lowered Quanta Services from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Citigroup set a $47.00 price target on Quanta Services and gave the company a “buy” rating in a research note on Friday, October 27th. Robert W. Baird reiterated a “hold” rating and issued a $39.00 price target on shares of Quanta Services in a research note on Friday, October 6th. ValuEngine lowered Quanta Services from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Finally, Seaport Global Securities restated a “buy” rating and set a $45.00 price objective (up previously from $41.00) on shares of Quanta Services in a research report on Wednesday, October 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $44.64.

Quanta Services (NYSE PWR) traded down $0.85 during midday trading on Thursday, hitting $37.44. The stock had a trading volume of 1,331,531 shares, compared to its average volume of 1,561,995. The firm has a market capitalization of $6,052.68, a price-to-earnings ratio of 20.48, a P/E/G ratio of 2.76 and a beta of 0.86. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.80 and a current ratio of 1.85. Quanta Services has a 52 week low of $30.23 and a 52 week high of $39.67.

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 firm had revenue of $2.61 billion during 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 business’s revenue was up 27.8% compared to the same quarter last year. During the same period last year, the company earned $0.55 earnings per share. analysts anticipate that Quanta Services will post 1.77 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Parametric Portfolio Associates LLC grew its stake in shares of Quanta Services by 15.1% in the third quarter. Parametric Portfolio Associates LLC now owns 449,926 shares of the construction company’s stock worth $16,814,000 after purchasing an additional 58,892 shares during the last quarter. Chicago Partners Investment Group LLC bought a new stake in shares of Quanta Services in the third quarter worth about $525,000. Public Employees Retirement System of Ohio grew its stake in shares of Quanta Services by 5.1% in the third quarter. Public Employees Retirement System of Ohio now owns 171,032 shares of the construction company’s stock worth $6,391,000 after purchasing an additional 8,322 shares during the last quarter. GSA Capital Partners LLP grew its stake in shares of Quanta Services by 86.0% in the third quarter. GSA Capital Partners LLP now owns 43,118 shares of the construction company’s stock worth $1,611,000 after purchasing an additional 19,939 shares during the last quarter. Finally, Moors & Cabot Inc. grew its stake in shares of Quanta Services by 19.3% in the third quarter. Moors & Cabot Inc. now owns 18,525 shares of the construction company’s stock worth $688,000 after purchasing an additional 3,000 shares during the last quarter. Institutional investors and hedge funds own 86.11% of the company’s stock.

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About Quanta Services

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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