Quanta Services, Inc. (NYSE:PWR) had its price objective hoisted by B. Riley from $45.00 to $48.00 in a report issued on Tuesday, November 7th. They currently have a buy rating on the construction company’s stock. B. Riley also issued estimates for Quanta Services’ Q4 2017 earnings at $0.41 EPS, FY2017 earnings at $1.79 EPS and FY2018 earnings at $2.30 EPS.
Several other equities analysts have also issued reports on PWR. FBR & Co raised Quanta Services to an outperform rating and lifted their price target for the stock from $40.00 to $45.00 in a research report on Wednesday, August 9th. BidaskClub raised Quanta Services from a sell rating to a hold rating in a research report on Tuesday, August 8th. Zacks Investment Research lowered Quanta Services from a strong-buy rating to a hold rating in a research report on Wednesday, August 9th. Stifel Nicolaus reissued a buy rating and issued a $45.00 target price on shares of Quanta Services in a research report on Friday, August 4th. Finally, UBS AG raised Quanta Services from a neutral rating to a buy rating and boosted their target price for the stock from $38.00 to $42.00 in a research report on Thursday, July 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of $44.55.
Shares of Quanta Services (NYSE PWR) traded down $0.33 during mid-day trading on Tuesday, hitting $36.13. 369,104 shares of the stock were exchanged, compared to its average volume of 1,447,598. Quanta Services has a 1 year low of $30.23 and a 1 year high of $38.82. The company has a market cap of $5,590.07, a PE ratio of 18.92, a PEG ratio of 2.55 and a beta of 0.87. The company has a current ratio of 1.85, a quick ratio of 1.80 and a debt-to-equity ratio of 0.20.
In related news, EVP Randall C. Wisenbaker sold 9,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $35.15, for a total transaction of $316,350.00. Following the completion of the transaction, the executive vice president now directly owns 34,797 shares in the company, valued at approximately $1,223,114.55. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.75% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Fox Run Management L.L.C. bought a new position in shares of Quanta Services during the 3rd quarter valued at approximately $1,151,000. Cipher Capital LP boosted its stake in Quanta Services by 873.6% in the 2nd quarter. Cipher Capital LP now owns 215,010 shares of the construction company’s stock worth $7,078,000 after purchasing an additional 192,926 shares during the period. Rothschild Asset Management Inc. boosted its stake in Quanta Services by 22.9% in the 2nd quarter. Rothschild Asset Management Inc. now owns 1,252,249 shares of the construction company’s stock worth $41,225,000 after purchasing an additional 233,008 shares during the period. 1060 Capital LLC boosted its stake in Quanta Services by 94.7% in the 2nd quarter. 1060 Capital LLC now owns 632,811 shares of the construction company’s stock worth $20,832,000 after purchasing an additional 307,811 shares during the period. Finally, Osborne Partners Capital Management LLC boosted its stake in Quanta Services by 11.0% in the 2nd quarter. Osborne Partners Capital Management LLC now owns 223,975 shares of the construction company’s stock worth $7,373,000 after purchasing an additional 22,230 shares during the period. Institutional investors own 85.39% of the company’s stock.
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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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