Quanta Services (NYSE:PWR) received a $42.00 price target from stock analysts at Robert W. Baird in a note issued to investors on Wednesday. The brokerage currently has a “hold” rating on the construction company’s stock. Robert W. Baird’s price objective would suggest a potential upside of 6.19% from the company’s previous close.

Several other analysts have also recently issued reports on PWR. Stifel Nicolaus reiterated a “buy” rating and issued a $45.00 price objective on shares of Quanta Services in a research note on Thursday, September 7th. Zacks Investment Research cut Quanta Services from a “hold” rating to a “sell” rating in a research note on Monday, October 9th. ValuEngine cut Quanta Services from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Seaport Global Securities reiterated a “buy” rating and issued a $45.00 price objective (up from $41.00) on shares of Quanta Services in a research note on Wednesday, October 11th. Finally, Citigroup set a $47.00 price objective on Quanta Services and gave the company a “buy” rating in a research note on Friday, October 27th. One research analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $44.73.

Quanta Services (NYSE:PWR) opened at $39.55 on Wednesday. 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 $39.71. The company has a market capitalization of $6,071.24, a price-to-earnings ratio of 21.38, a price-to-earnings-growth ratio of 2.14 and a beta of 0.87.

Quanta Services (NYSE:PWR) last released its quarterly earnings results on Thursday, November 2nd. The construction company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. The company 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 firm’s revenue was up 27.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.55 earnings per share. sell-side analysts predict that Quanta Services will post 1.77 EPS for the current fiscal year.

Institutional investors have recently bought and sold shares of the business. Mckinley Capital Management LLC Delaware acquired a new stake in Quanta Services in the third quarter valued at $111,000. Tower Research Capital LLC TRC raised its stake in Quanta Services by 182.5% in the second quarter. Tower Research Capital LLC TRC now owns 3,390 shares of the construction company’s stock valued at $112,000 after buying an additional 2,190 shares in the last quarter. Commonwealth Bank of Australia acquired a new stake in Quanta Services in the second quarter valued at $164,000. Intact Investment Management Inc. acquired a new stake in Quanta Services in the third quarter valued at $209,000. Finally, Maple Capital Management Inc. acquired a new stake in Quanta Services in the third quarter valued at $213,000. Institutional investors own 85.82% 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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