Quanta Services, Inc. (NYSE:PWR) Receives Consensus Rating of “Moderate Buy” from Analysts

Quanta Services, Inc. (NYSE:PWR) has received a consensus recommendation of “Moderate Buy” from the twenty ratings firms that are currently covering the stock, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $464.15.

A number of research firms recently issued reports on PWR. Roth Mkm set a $500.00 target price on shares of Quanta Services and gave the stock a “buy” rating in a research report on Friday, October 31st. Robert W. Baird set a $490.00 price objective on shares of Quanta Services in a research report on Friday, October 31st. Cantor Fitzgerald assumed coverage on shares of Quanta Services in a research note on Friday, January 23rd. They issued an “overweight” rating and a $520.00 target price on the stock. Jefferies Financial Group decreased their price target on shares of Quanta Services from $517.00 to $506.00 and set a “buy” rating for the company in a research report on Tuesday, January 13th. Finally, The Goldman Sachs Group set a $495.00 price target on Quanta Services in a report on Monday, November 24th.

Institutional Trading of Quanta Services

Several large investors have recently bought and sold shares of PWR. Cedar Mountain Advisors LLC boosted its stake in shares of Quanta Services by 321.4% in the fourth quarter. Cedar Mountain Advisors LLC now owns 59 shares of the construction company’s stock valued at $25,000 after purchasing an additional 45 shares during the period. Darwin Wealth Management LLC purchased a new stake in Quanta Services during the 2nd quarter worth $26,000. Activest Wealth Management lifted its holdings in Quanta Services by 94.1% in the 3rd quarter. Activest Wealth Management now owns 66 shares of the construction company’s stock worth $27,000 after buying an additional 32 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new position in Quanta Services in the 4th quarter valued at about $28,000. Finally, Solstein Capital LLC grew its stake in shares of Quanta Services by 185.7% during the second quarter. Solstein Capital LLC now owns 80 shares of the construction company’s stock valued at $30,000 after acquiring an additional 52 shares in the last quarter. Institutional investors and hedge funds own 90.49% of the company’s stock.

Quanta Services Stock Performance

Shares of NYSE:PWR opened at $525.16 on Wednesday. The firm has a market capitalization of $78.31 billion, a PE ratio of 77.80, a P/E/G ratio of 2.54 and a beta of 1.15. Quanta Services has a 12 month low of $227.08 and a 12 month high of $543.28. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.34 and a quick ratio of 1.30. The business has a 50-day moving average of $459.38 and a two-hundred day moving average of $431.14.

Quanta Services Company Profile

Quanta Services, Inc is a leading specialty contractor that provides comprehensive infrastructure solutions for the electric power, pipeline and energy, and communications markets. Headquartered in Houston, Texas, the company delivers engineering, procurement, construction, installation, maintenance and repair services that support the development, modernization and ongoing operation of critical energy and communications networks.

In the electric power sector, Quanta works on transmission and distribution systems, substation construction and grid modernization projects that include integration of renewable generation and energy storage.