Other equities research analysts have also recently issued research reports about the company. Citigroup raised Quanta Services from a neutral rating to a buy rating and set a $40.00 price objective for the company in a research note on Friday, August 18th. KeyCorp reissued a buy rating and issued a $46.00 price objective on shares of Quanta Services in a research note on Wednesday, November 29th. B. Riley raised their price objective on Quanta Services from $45.00 to $48.00 and gave the company a buy rating in a research note on Tuesday, November 7th. Zacks Investment Research raised Quanta Services from a hold rating to a buy rating and set a $42.00 price objective for the company in a research note on Monday, October 16th. Finally, Seaport Global Securities reissued a buy rating and issued a $45.00 price objective (up previously from $41.00) on shares of Quanta Services in a research note on Wednesday, October 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the stock. Quanta Services presently has a consensus rating of Buy and an average price target of $44.64.
Shares of Quanta Services (PWR) opened at $37.72 on Thursday. The company has a quick ratio of 1.80, a current ratio of 1.85 and a debt-to-equity ratio of 0.20. Quanta Services has a one year low of $30.23 and a one year high of $39.67. The company has a market capitalization of $5,836.08, a P/E ratio of 19.75, a price-to-earnings-growth ratio of 2.66 and a beta of 0.86.
Large investors have recently made changes to their positions in the stock. Mckinley Capital Management LLC Delaware purchased a new position in shares of Quanta Services during the third quarter valued at approximately $111,000. Tower Research Capital LLC TRC boosted its position in shares of Quanta Services by 182.5% during the second quarter. Tower Research Capital LLC TRC now owns 3,390 shares of the construction company’s stock valued at $112,000 after buying an additional 2,190 shares during the last quarter. Bessemer Group Inc. boosted its position in shares of Quanta Services by 22.2% during the second quarter. Bessemer Group Inc. now owns 4,628 shares of the construction company’s stock valued at $152,000 after buying an additional 840 shares during the last quarter. Commonwealth Bank of Australia purchased a new position in shares of Quanta Services during the second quarter valued at approximately $164,000. Finally, Intact Investment Management Inc. purchased a new position in shares of Quanta Services during the third quarter valued at approximately $209,000. 86.11% of the stock is currently owned by institutional investors.
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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.
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