Quanta Services Inc (PWR) Given Average Rating of “Buy” by Analysts

Quanta Services Inc (NYSE:PWR) has been given an average rating of “Buy” by the fifteen brokerages that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $45.33.

A number of equities research analysts have recently issued reports on PWR shares. Robert W. Baird set a $42.00 target price on Quanta Services and gave the stock a “hold” rating in a research report on Wednesday, January 3rd. Zacks Investment Research lowered Quanta Services from a “hold” rating to a “sell” rating in a research report on Monday, January 8th. Stifel Nicolaus reaffirmed a “buy” rating and set a $45.00 target price on shares of Quanta Services in a research report on Friday, January 26th. Citigroup set a $47.00 target price on Quanta Services and gave the stock a “buy” rating in a research report on Friday, October 27th. Finally, KeyCorp reaffirmed a “buy” rating and set a $45.00 target price on shares of Quanta Services in a research report on Friday, November 3rd.

Several hedge funds have recently modified their holdings of the company. Nomura Holdings Inc. grew its holdings in shares of Quanta Services by 7.6% during the second quarter. Nomura Holdings Inc. now owns 11,280 shares of the construction company’s stock valued at $371,000 after buying an additional 794 shares in the last quarter. Brown Advisory Inc. grew its holdings in shares of Quanta Services by 3.8% during the third quarter. Brown Advisory Inc. now owns 38,146 shares of the construction company’s stock valued at $1,425,000 after buying an additional 1,400 shares in the last quarter. Chevy Chase Trust Holdings Inc. grew its holdings in shares of Quanta Services by 0.4% during the fourth quarter. Chevy Chase Trust Holdings Inc. now owns 370,657 shares of the construction company’s stock valued at $14,496,000 after buying an additional 1,410 shares in the last quarter. Mesirow Financial Investment Management Equity Management grew its holdings in shares of Quanta Services by 3.4% during the third quarter. Mesirow Financial Investment Management Equity Management now owns 45,245 shares of the construction company’s stock valued at $1,691,000 after buying an additional 1,475 shares in the last quarter. Finally, Oakbrook Investments LLC grew its holdings in shares of Quanta Services by 12.8% during the fourth quarter. Oakbrook Investments LLC now owns 13,020 shares of the construction company’s stock valued at $509,000 after buying an additional 1,480 shares in the last quarter. Institutional investors and hedge funds own 83.60% of the company’s stock.

Shares of Quanta Services (NYSE PWR) opened at $35.07 on Tuesday. The stock has a market capitalization of $5,430.00, a price-to-earnings ratio of 18.96, a PEG ratio of 1.80 and a beta of 0.79. The company has a current ratio of 1.85, a quick ratio of 1.80 and a debt-to-equity ratio of 0.20. Quanta Services has a 52-week low of $30.23 and a 52-week high of $40.10.

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Quanta Services Company Profile

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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