Shares of Quanta Services Inc (NYSE:PWR) have received an average recommendation of “Buy” from the fifteen analysts that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $45.33.
A number of research analysts recently issued reports on PWR shares. Robert W. Baird set a $42.00 price objective on Quanta Services and gave the company a “hold” rating in a research report on Wednesday, January 3rd. Citigroup set a $47.00 price objective on Quanta Services and gave the company a “buy” rating in a research report on Friday, October 27th. B. Riley boosted their price objective on Quanta Services from $45.00 to $48.00 and gave the company a “buy” rating in a research report on Tuesday, November 7th. Zacks Investment Research upgraded Quanta Services from a “sell” rating to a “hold” rating in a research report on Friday, January 19th. Finally, KeyCorp restated a “buy” rating and set a $45.00 price objective on shares of Quanta Services in a research report on Friday, November 3rd.
Institutional investors have recently made changes to their positions in the business. Fox Run Management L.L.C. bought a new stake in Quanta Services during the 3rd quarter valued at $1,151,000. Neville Rodie & Shaw Inc. raised its stake in Quanta Services by 8.6% during the 4th quarter. Neville Rodie & Shaw Inc. now owns 290,384 shares of the construction company’s stock valued at $11,357,000 after acquiring an additional 23,050 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in Quanta Services by 12.3% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 826,428 shares of the construction company’s stock valued at $30,884,000 after acquiring an additional 90,651 shares in the last quarter. Caxton Associates LP bought a new stake in Quanta Services during the 3rd quarter valued at $2,429,000. Finally, Highbridge Capital Management LLC raised its stake in shares of Quanta Services by 1,569.2% in the 3rd quarter. Highbridge Capital Management LLC now owns 178,684 shares of the construction company’s stock worth $6,677,000 after buying an additional 167,979 shares in the last quarter. 83.60% of the stock is currently owned by hedge funds and other institutional investors.
Quanta Services (NYSE:PWR) opened at $35.07 on Tuesday. Quanta Services has a 12-month low of $30.23 and a 12-month high of $40.10. The stock has a market capitalization of $5,430.00, a P/E ratio of 18.96, a P/E/G ratio of 1.80 and a beta of 0.79. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.80 and a current ratio of 1.85.
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About Quanta Services
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.
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