Quanta Services Inc (NYSE:PWR) Receives Consensus Recommendation of “Buy” from Brokerages

Quanta Services Inc (NYSE:PWR) has earned a consensus recommendation of “Buy” from the nine analysts that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $44.33.

Several research firms have recently issued reports on PWR. TheStreet upgraded shares of Quanta Services from a “c+” rating to a “b-” rating in a report on Wednesday, September 25th. Citigroup raised their target price on shares of Quanta Services from $48.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. ValuEngine upgraded shares of Quanta Services from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Stifel Nicolaus raised their target price on shares of Quanta Services from $43.00 to $45.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. Finally, Vertical Research initiated coverage on shares of Quanta Services in a report on Friday, August 23rd. They set a “buy” rating and a $41.00 target price for the company.

In related news, CAO Jerry K. Lemon sold 2,750 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $43.70, for a total value of $120,175.00. Following the completion of the sale, the chief accounting officer now owns 10,277 shares in the company, valued at approximately $449,104.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Dorothy Upperman sold 5,764 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $43.86, for a total transaction of $252,809.04. Following the completion of the sale, the vice president now owns 13,134 shares of the company’s stock, valued at approximately $576,057.24. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

Several large investors have recently modified their holdings of PWR. NEXT Financial Group Inc purchased a new stake in shares of Quanta Services in the 2nd quarter valued at approximately $33,000. Usca Ria LLC purchased a new stake in Quanta Services in the 3rd quarter worth approximately $34,000. Transamerica Financial Advisors Inc. purchased a new stake in Quanta Services in the 2nd quarter worth approximately $37,000. North Star Investment Management Corp. purchased a new stake in Quanta Services in the 3rd quarter worth approximately $38,000. Finally, Parkside Financial Bank & Trust lifted its position in Quanta Services by 60.7% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,038 shares of the construction company’s stock worth $39,000 after buying an additional 392 shares in the last quarter. Institutional investors and hedge funds own 89.04% of the company’s stock.

Shares of Quanta Services stock traded up $0.08 on Monday, hitting $40.50. The company had a trading volume of 1,472,111 shares, compared to its average volume of 1,373,815. The business has a 50-day simple moving average of $41.83 and a 200-day simple moving average of $37.81. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.82 and a quick ratio of 1.80. The company has a market cap of $5.76 billion, a PE ratio of 16.01, a PEG ratio of 0.96 and a beta of 1.25. Quanta Services has a 52 week low of $27.90 and a 52 week high of $44.09.

Quanta Services (NYSE:PWR) last posted its quarterly earnings data on Thursday, October 31st. The construction company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.17. The business had revenue of $3.35 billion during the quarter, compared to analysts’ expectations of $3.17 billion. Quanta Services had a net margin of 2.81% and a return on equity of 12.17%. The business’s revenue was up 12.3% on a year-over-year basis. During the same period last year, the firm posted $0.88 earnings per share. On average, equities research analysts predict that Quanta Services will post 2.98 earnings per share for the current fiscal year.

Quanta Services Company Profile

Quanta Services, Inc provides specialty contracting services in the United States, Canada, Australia, Latin America, and internationally. Its Electric Power Infrastructure Services segment designs, installs, upgrades, repairs, and maintains electric power transmission and distribution infrastructure, and substation facilities, as well as provides other engineering and technical services; designs, installs, maintains, and repairs commercial and industrial wiring; and operates a postsecondary educational institution.

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Analyst Recommendations for Quanta Services (NYSE:PWR)

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