Quanta Services (NYSE:PWR) had its target price upped by analysts at Citigroup from $47.00 to $53.00 in a research report issued on Tuesday. The firm presently has a “buy” rating on the construction company’s stock. Citigroup’s price objective indicates a potential upside of 51.69% from the stock’s previous close.
Several other analysts have also commented on PWR. Stifel Nicolaus reaffirmed a “buy” rating and set a $45.00 target price on shares of Quanta Services in a report on Friday, January 26th. Stephens reissued a “buy” rating and issued a $49.00 price objective on shares of Quanta Services in a report on Wednesday, January 31st. Zacks Investment Research lowered Quanta Services from a “hold” rating to a “sell” rating in a report on Monday, October 9th. KeyCorp reissued a “buy” rating and issued a $46.00 price objective on shares of Quanta Services in a report on Wednesday, November 29th. Finally, ValuEngine lowered Quanta Services from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $45.58.
Quanta Services (NYSE:PWR) traded down $0.24 during trading on Tuesday, reaching $34.94. The company had a trading volume of 729,687 shares, compared to its average volume of 1,377,139. The firm has a market capitalization of $5,322.40, a price-to-earnings ratio of 18.89, a price-to-earnings-growth ratio of 1.77 and a beta of 0.79. Quanta Services has a 12-month low of $30.23 and a 12-month high of $40.10. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.80 and a current ratio of 1.85.
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.
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