Quanta Services Inc. (NYSE:PWR) was upgraded by analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating in a note issued to investors on Tuesday. The brokerage presently has a $40.00 price target on the stock, up from their prior price target of $30.00. Robert W. Baird’s price target suggests a potential upside of 24.11% from the stock’s previous close.

A number of other research firms have also commented on PWR. Citigroup Inc. reduced their price objective on shares of Quanta Services from $27.00 to $26.00 and set a “neutral” rating for the company in a research note on Friday, August 5th. Stifel Nicolaus increased their price target on shares of Quanta Services from $28.00 to $32.50 and gave the stock a “buy” rating in a research report on Friday, September 23rd. Zacks Investment Research lowered shares of Quanta Services from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 8th. Credit Suisse Group AG reissued a “buy” rating and issued a $26.00 price target on shares of Quanta Services in a research report on Monday, August 8th. Finally, TheStreet raised shares of Quanta Services from a “hold” rating to a “buy” rating in a research report on Thursday, November 3rd. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $28.50.

Analyst Recommendations for Quanta Services (NYSE:PWR)

Quanta Services (NYSE:PWR) opened at 32.23 on Tuesday. Quanta Services has a 12 month low of $16.77 and a 12 month high of $33.13. The stock has a market capitalization of $4.87 billion, a P/E ratio of 48.47 and a beta of 0.60. The firm’s 50-day moving average is $28.83 and its 200 day moving average is $25.61.

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

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

A number of institutional investors have recently added to or reduced their stakes in PWR. Exxonmobil Investment Management Inc. TX raised its stake in shares of Quanta Services by 0.5% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 39,096 shares of the company’s stock worth $904,000 after buying an additional 193 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of Quanta Services by 0.5% in the third quarter. Nisa Investment Advisors LLC now owns 38,760 shares of the company’s stock worth $1,085,000 after buying an additional 200 shares during the period. Arizona State Retirement System raised its stake in shares of Quanta Services by 0.5% in the third quarter. Arizona State Retirement System now owns 37,200 shares of the company’s stock worth $1,041,000 after buying an additional 200 shares during the period. World Asset Management Inc raised its stake in shares of Quanta Services by 1.5% in the third quarter. World Asset Management Inc now owns 16,462 shares of the company’s stock worth $461,000 after buying an additional 239 shares during the period. Finally, Advantus Capital Management Inc raised its stake in shares of Quanta Services by 1.7% in the third quarter. Advantus Capital Management Inc now owns 14,766 shares of the company’s stock worth $413,000 after buying an additional 243 shares during the period. 91.02% of the stock is currently owned by institutional investors and hedge funds.

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.

5 Day Chart for NYSE:PWR

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