Quanta Services Inc. (NYSE:PWR) has earned an average rating of “Buy” from the thirteen ratings firms that are presently covering the firm. Two research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $28.19.

A number of brokerages have issued reports on PWR. Deutsche Bank AG reiterated a “buy” rating on shares of Quanta Services in a research note on Saturday, August 6th. TheStreet upgraded shares of Quanta Services from a “hold” rating to a “buy” rating in a research note on Thursday, November 3rd. Zacks Investment Research upgraded shares of Quanta Services from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research note on Wednesday, October 5th. Robert W. Baird upgraded shares of Quanta Services from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $30.00 to $40.00 in a research note on Tuesday. Finally, Stifel Nicolaus upgraded shares of Quanta Services from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research note on Friday, August 5th.

Shares of Quanta Services (NYSE:PWR) traded down 0.19% during midday trading on Thursday, reaching $32.17. 1,374,844 shares of the company’s stock traded hands. The company has a 50 day moving average of $28.83 and a 200 day moving average of $25.61. The firm has a market cap of $4.86 billion, a PE ratio of 48.38 and a beta of 0.60. Quanta Services has a 52-week low of $16.77 and a 52-week high of $33.13.

Quanta Services (NYSE:PWR) last posted its earnings results on Thursday, November 3rd. The company reported $0.55 earnings per share for the quarter, hitting the consensus estimate of $0.55. Quanta Services had a net margin of 1.42% and a return on equity of 5.53%. The firm earned $2.04 billion during the quarter, compared to the consensus estimate of $2.08 billion. During the same quarter last year, the company earned $0.30 earnings per share. The company’s revenue was up 5.2% on a year-over-year basis. On average, equities analysts predict that Quanta Services will post $1.54 EPS for the current fiscal year.

In other Quanta Services news, EVP Randall C. Wisenbaker sold 5,121 shares of the stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $26.36, for a total value of $134,989.56. Following the sale, the executive vice president now owns 40,193 shares in the company, valued at $1,059,487.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.70% of the company’s stock.

A number of institutional investors have recently bought and sold shares of PWR. Kovitz Investment Group Partners LLC acquired a new stake in shares of Quanta Services during the first quarter valued at $99,285,000. Trillium Asset Management LLC increased its stake in shares of Quanta Services by 2.6% in the second quarter. Trillium Asset Management LLC now owns 637,387 shares of the company’s stock valued at $14,736,000 after buying an additional 16,377 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Quanta Services by 5.7% in the first quarter. Geode Capital Management LLC now owns 1,787,721 shares of the company’s stock valued at $40,269,000 after buying an additional 97,062 shares in the last quarter. Wedge Capital Management L L P NC acquired a new stake in shares of Quanta Services during the second quarter valued at $10,032,000. Finally, LMR Partners LLP acquired a new stake in shares of Quanta Services during the second quarter valued at $2,258,000. Institutional investors own 91.02% of the company’s stock.

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.

5 Day Chart for NYSE:PWR

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