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Quanta Services, Inc. (NYSE:PWR) Given Consensus Recommendation of "Moderate Buy" by Analysts

Quanta Services logo with Construction background

Quanta Services, Inc. (NYSE:PWR - Get Free Report) has been assigned an average rating of "Moderate Buy" from the twenty-three analysts that are presently covering the stock, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold recommendation, thirteen have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $350.95.

A number of brokerages have commented on PWR. UBS Group set a $413.00 target price on shares of Quanta Services and gave the company a "buy" rating in a report on Thursday, June 12th. Stifel Nicolaus upped their target price on shares of Quanta Services from $306.00 to $363.00 and gave the company a "buy" rating in a report on Monday, May 5th. Northland Capmk cut shares of Quanta Services from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 2nd. B. Riley upped their target price on shares of Quanta Services from $300.00 to $355.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Finally, Argus set a $375.00 target price on shares of Quanta Services in a report on Monday, May 5th.

Check Out Our Latest Report on Quanta Services

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in PWR. Banque Transatlantique SA bought a new position in shares of Quanta Services in the 4th quarter worth about $25,000. Cullen Frost Bankers Inc. bought a new position in shares of Quanta Services in the 1st quarter worth about $25,000. Quarry LP bought a new position in shares of Quanta Services in the 4th quarter worth about $26,000. WPG Advisers LLC bought a new position in shares of Quanta Services in the 1st quarter worth about $31,000. Finally, AlphaQuest LLC bought a new position in shares of Quanta Services in the 1st quarter worth about $35,000. 90.49% of the stock is currently owned by institutional investors.

Quanta Services Price Performance

Shares of PWR opened at $385.18 on Tuesday. The stock has a market cap of $57.11 billion, a PE ratio of 62.13, a price-to-earnings-growth ratio of 3.01 and a beta of 1.08. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.26 and a current ratio of 1.31. Quanta Services has a fifty-two week low of $227.08 and a fifty-two week high of $388.00. The firm's 50-day simple moving average is $349.35 and its two-hundred day simple moving average is $308.81.

Quanta Services (NYSE:PWR - Get Free Report) last issued its earnings results on Thursday, May 1st. The construction company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.06. The firm had revenue of $6.23 billion for the quarter, compared to the consensus estimate of $5.88 billion. Quanta Services had a net margin of 3.74% and a return on equity of 18.06%. The business's revenue was up 23.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.41 earnings per share. Analysts anticipate that Quanta Services will post 9.34 earnings per share for the current fiscal year.

Quanta Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Tuesday, July 1st will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.10%. The ex-dividend date is Tuesday, July 1st. Quanta Services's payout ratio is currently 6.45%.

About Quanta Services

(Get Free Report

Quanta Services, Inc provides infrastructure solutions for the electric and gas utility, renewable energy, communications, and pipeline and energy industries in the United States, Canada, Australia, and internationally. The company's Electric Power Infrastructure Solutions segment engages in the design, procurement, construction, upgrade, repair, and maintenance of electric power transmission and distribution infrastructure and substation facilities; installation, maintenance, and upgrade of electric power infrastructure projects; installation of smart grid technologies on electric power networks; and design, installation, maintenance, and repair of commercial and industrial wirings.

Further Reading

Analyst Recommendations for Quanta Services (NYSE:PWR)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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