Quanta Services Inc (NYSE:PWR) has been given an average recommendation of “Hold” by the seven analysts that are currently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $42.80.
A number of analysts have recently weighed in on PWR shares. B. Riley reissued a “buy” rating and issued a $47.00 price objective (down previously from $56.00) on shares of Quanta Services in a research report on Monday, March 11th. Citigroup set a $47.00 price objective on Quanta Services and gave the stock a “buy” rating in a research report on Friday, May 3rd. Zacks Investment Research raised Quanta Services from a “sell” rating to a “hold” rating and set a $41.00 price objective for the company in a research report on Monday, February 25th. ValuEngine raised Quanta Services from a “sell” rating to a “hold” rating in a research report on Thursday, January 24th. Finally, DA Davidson cut Quanta Services from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 16th.
Shares of Quanta Services stock traded up $0.59 during trading on Thursday, reaching $35.32. The company’s stock had a trading volume of 1,133,600 shares, compared to its average volume of 1,452,538. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.00 and a quick ratio of 1.95. The stock has a market capitalization of $4.99 billion, a price-to-earnings ratio of 14.04 and a beta of 1.07. Quanta Services has a 1-year low of $27.90 and a 1-year high of $41.00.
Quanta Services (NYSE:PWR) last posted its quarterly earnings data on Thursday, May 2nd. The construction company reported $0.96 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.13. The firm had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $2.65 billion. Quanta Services had a return on equity of 12.71% and a net margin of 3.25%. The business’s quarterly revenue was up 16.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.40 EPS. On average, equities research analysts anticipate that Quanta Services will post 3.34 earnings per share for the current fiscal year.
In related news, Director Bernard Fried sold 4,000 shares of the firm’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $36.63, for a total value of $146,520.00. Following the completion of the transaction, the director now owns 8,953 shares in the company, valued at approximately $327,948.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider James Redgie Probst sold 100,000 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $40.00, for a total value of $4,000,000.00. Following the completion of the transaction, the insider now owns 47,420 shares of the company’s stock, valued at approximately $1,896,800. The disclosure for this sale can be found here. Insiders sold a total of 105,295 shares of company stock valued at $4,193,257 in the last three months. Insiders own 1.20% of the company’s stock.
A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc raised its stake in Quanta Services by 0.9% in the 3rd quarter. Vanguard Group Inc now owns 15,472,260 shares of the construction company’s stock worth $516,464,000 after acquiring an additional 139,596 shares during the last quarter. BlackRock Inc. raised its stake in Quanta Services by 2.4% in the 4th quarter. BlackRock Inc. now owns 8,971,475 shares of the construction company’s stock worth $270,042,000 after acquiring an additional 207,321 shares during the last quarter. Victory Capital Management Inc. raised its stake in Quanta Services by 6.4% in the 4th quarter. Victory Capital Management Inc. now owns 6,612,780 shares of the construction company’s stock worth $199,045,000 after acquiring an additional 396,564 shares during the last quarter. Peconic Partners LLC raised its stake in Quanta Services by 20.1% in the 4th quarter. Peconic Partners LLC now owns 3,690,373 shares of the construction company’s stock worth $111,080,000 after acquiring an additional 618,459 shares during the last quarter. Finally, Voya Investment Management LLC raised its stake in Quanta Services by 1.9% in the 1st quarter. Voya Investment Management LLC now owns 3,501,104 shares of the construction company’s stock worth $132,132,000 after acquiring an additional 66,068 shares during the last quarter. Institutional investors own 87.20% of the company’s stock.
Quanta Services Company Profile
Quanta Services, Inc provides specialty contracting services in the United States, Canada, Australia, Latin America, and internationally. Its Electric Power Infrastructure Services segment designs, installs, upgrades, repairs, and maintains electric power transmission and distribution infrastructure, and substation facilities, as well as provides other engineering and technical services; designs, installs, maintains, and repairs commercial and industrial wiring; and operates a postsecondary educational institution.
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