Quanta Services (NYSE:PWR) had its target price boosted by Stifel Nicolaus from $43.00 to $45.00 in a research note issued on Tuesday, BenzingaRatingsTable reports. The brokerage presently has a “buy” rating on the construction company’s stock. Stifel Nicolaus’ price objective indicates a potential upside of 19.08% from the stock’s previous close.

PWR has been the topic of a number of other research reports. Citigroup lifted their target price on Quanta Services from $47.00 to $48.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Stephens set a $42.00 target price on Quanta Services and gave the company a “buy” rating in a research report on Friday, August 16th. Vertical Research assumed coverage on Quanta Services in a research report on Friday, August 23rd. They issued a “buy” rating and a $41.00 target price on the stock. TheStreet cut Quanta Services from a “b-” rating to a “c+” rating in a research note on Friday, August 23rd. Finally, ValuEngine cut Quanta Services from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $43.29.

NYSE:PWR traded down $0.32 on Tuesday, reaching $37.79. The company’s stock had a trading volume of 529,918 shares, compared to its average volume of 1,398,594. Quanta Services has a 12-month low of $27.90 and a 12-month high of $41.00. The company has a quick ratio of 1.93, a current ratio of 1.97 and a debt-to-equity ratio of 0.45. The firm has a market cap of $5.04 billion, a price-to-earnings ratio of 14.94 and a beta of 1.18. The stock has a 50 day moving average price of $34.46 and a 200 day moving average price of $36.84.

Quanta Services (NYSE:PWR) last posted its earnings results on Thursday, August 1st. The construction company reported $0.31 EPS for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.45). Quanta Services had a net margin of 2.80% and a return on equity of 11.41%. The business had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.89 billion. During the same quarter in the prior year, the firm earned $0.59 EPS. Quanta Services’s revenue for the quarter was up 6.9% compared to the same quarter last year. Equities research analysts expect that Quanta Services will post 2.9 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. grew its stake in shares of Quanta Services by 23.9% in the second quarter. BlackRock Inc. now owns 10,852,772 shares of the construction company’s stock valued at $414,467,000 after buying an additional 2,091,884 shares in the last quarter. Invesco Ltd. grew its stake in shares of Quanta Services by 3.3% in the second quarter. Invesco Ltd. now owns 2,220,654 shares of the construction company’s stock valued at $84,806,000 after buying an additional 70,462 shares in the last quarter. Jennison Associates LLC grew its stake in shares of Quanta Services by 8.2% in the first quarter. Jennison Associates LLC now owns 2,209,785 shares of the construction company’s stock valued at $83,397,000 after buying an additional 166,566 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Quanta Services by 5.4% in the fourth quarter. Geode Capital Management LLC now owns 2,074,785 shares of the construction company’s stock valued at $62,379,000 after buying an additional 105,481 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in Quanta Services by 38.0% during the 2nd quarter. AQR Capital Management LLC now owns 1,862,024 shares of the construction company’s stock worth $71,111,000 after purchasing an additional 512,376 shares in the last quarter. 85.93% of the stock is owned by institutional investors and hedge funds.

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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