Quanta Services, Inc. (NYSE:PWR) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Quanta Services, Inc. (NYSE:PWR) have earned a consensus recommendation of “Moderate Buy” from the twenty brokerages that are presently covering the stock, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $464.15.

Several research firms recently issued reports on PWR. Evercore upped their price target on shares of Quanta Services from $410.00 to $480.00 and gave the company an “outperform” rating in a report on Friday, October 31st. Argus set a $540.00 target price on shares of Quanta Services in a research report on Friday, October 31st. Roth Mkm set a $500.00 price target on shares of Quanta Services and gave the stock a “buy” rating in a research report on Friday, October 31st. Citigroup lifted their price target on Quanta Services from $526.00 to $540.00 and gave the stock a “buy” rating in a research note on Monday, January 26th. Finally, Robert W. Baird set a $490.00 price objective on Quanta Services in a research note on Friday, October 31st.

Quanta Services Stock Performance

Shares of PWR opened at $525.16 on Wednesday. The firm has a market cap of $78.31 billion, a price-to-earnings ratio of 77.80, a PEG ratio of 2.54 and a beta of 1.15. The company has a quick ratio of 1.30, a current ratio of 1.34 and a debt-to-equity ratio of 0.66. The business’s 50 day moving average is $459.38 and its two-hundred day moving average is $431.14. Quanta Services has a 52-week low of $227.08 and a 52-week high of $543.28.

Institutional Trading of Quanta Services

Several institutional investors have recently added to or reduced their stakes in the business. Visualize Group LP acquired a new stake in shares of Quanta Services during the fourth quarter worth $17,524,000. Schonfeld Strategic Advisors LLC bought a new stake in shares of Quanta Services during the 4th quarter valued at about $742,000. DV Equities LLC bought a new stake in shares of Quanta Services during the 4th quarter valued at about $88,000. AQR Capital Management LLC raised its stake in Quanta Services by 8.1% during the fourth quarter. AQR Capital Management LLC now owns 110,653 shares of the construction company’s stock worth $46,702,000 after acquiring an additional 8,327 shares during the period. Finally, GAM Holding AG lifted its holdings in Quanta Services by 142.1% in the fourth quarter. GAM Holding AG now owns 2,305 shares of the construction company’s stock worth $973,000 after acquiring an additional 1,353 shares during the last quarter. Institutional investors own 90.49% of the company’s stock.

Quanta Services Company Profile

Quanta Services, Inc is a leading specialty contractor that provides comprehensive infrastructure solutions for the electric power, pipeline and energy, and communications markets. Headquartered in Houston, Texas, the company delivers engineering, procurement, construction, installation, maintenance and repair services that support the development, modernization and ongoing operation of critical energy and communications networks.

In the electric power sector, Quanta works on transmission and distribution systems, substation construction and grid modernization projects that include integration of renewable generation and energy storage.