Stephens reissued their buy rating on shares of Quanta Services (NYSE:PWR) in a report released on Wednesday. Stephens currently has a $49.00 price objective on the construction company’s stock.

A number of other research analysts also recently weighed in on PWR. Stifel Nicolaus reissued a buy rating and issued a $45.00 price objective on shares of Quanta Services in a research note on Friday, January 26th. Zacks Investment Research downgraded Quanta Services from a hold rating to a sell rating in a research note on Monday, October 9th. Robert W. Baird reissued a hold rating and issued a $39.00 price objective on shares of Quanta Services in a research note on Friday, October 6th. KeyCorp reissued a buy rating and issued a $46.00 price objective on shares of Quanta Services in a research note on Wednesday, November 29th. Finally, ValuEngine downgraded Quanta Services from a buy rating to a hold rating in a research note on Tuesday, October 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the company. The stock presently has an average rating of Buy and an average target price of $45.08.

Quanta Services (PWR) opened at $36.09 on Wednesday. The company has a quick ratio of 1.80, a current ratio of 1.85 and a debt-to-equity ratio of 0.20. Quanta Services has a one year low of $30.23 and a one year high of $40.10. The firm has a market capitalization of $5,919.62, a P/E ratio of 19.51, a P/E/G ratio of 1.97 and a beta of 0.79.

Quanta Services (NYSE:PWR) last issued its quarterly earnings data on Thursday, November 2nd. The construction company reported $0.63 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.02. Quanta Services had a return on equity of 8.47% and a net margin of 3.18%. The business had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.30 billion. During the same period last year, the business earned $0.55 EPS. The firm’s revenue was up 27.8% compared to the same quarter last year. research analysts predict that Quanta Services will post 1.77 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PWR. Mckinley Capital Management LLC Delaware acquired a new stake in Quanta Services in the 3rd quarter valued at approximately $111,000. Tower Research Capital LLC TRC grew its holdings in shares of Quanta Services by 182.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,390 shares of the construction company’s stock worth $112,000 after purchasing an additional 2,190 shares in the last quarter. Cerebellum GP LLC acquired a new stake in shares of Quanta Services during the 4th quarter worth approximately $130,000. Intact Investment Management Inc. acquired a new stake in shares of Quanta Services during the 3rd quarter worth approximately $209,000. Finally, Maple Capital Management Inc. acquired a new stake in shares of Quanta Services during the 3rd quarter worth approximately $213,000. 86.08% of the stock is currently owned by hedge funds and other institutional investors.

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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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