Quanta Services (NYSE:PWR) Price Target Raised to $363.00

Quanta Services (NYSE:PWR - Get Free Report) had its price target hoisted by Stifel Nicolaus from $306.00 to $363.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has a "buy" rating on the construction company's stock. Stifel Nicolaus' price target would indicate a potential upside of 12.87% from the stock's previous close.

A number of other analysts have also recently weighed in on PWR. Bank of America assumed coverage on shares of Quanta Services in a report on Friday, January 24th. They set a "buy" rating and a $407.00 target price for the company. Evercore ISI lifted their price objective on Quanta Services from $331.00 to $360.00 and gave the company an "outperform" rating in a research report on Friday. Citigroup cut their price objective on Quanta Services from $366.00 to $342.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. DA Davidson raised their price objective on shares of Quanta Services from $295.00 to $305.00 and gave the stock a "neutral" rating in a research note on Friday. Finally, The Goldman Sachs Group dropped their price target on shares of Quanta Services from $418.00 to $364.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Six research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $334.60.

Quanta Services Stock Up 0.1 %

NYSE PWR traded up $0.48 on Monday, reaching $321.62. The company had a trading volume of 466,851 shares, compared to its average volume of 1,637,395. The firm has a 50-day moving average of $264.93 and a 200-day moving average of $300.18. Quanta Services has a 1 year low of $227.08 and a 1 year high of $365.88. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.30 and a quick ratio of 1.19. The firm has a market capitalization of $47.68 billion, a PE ratio of 53.34, a P/E/G ratio of 1.41 and a beta of 1.04.

Quanta Services (NYSE:PWR - Get Free Report) last announced its quarterly earnings data 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. Quanta Services had a return on equity of 18.00% and a net margin of 3.82%. The firm had revenue of $6.23 billion for the quarter, compared to analysts' expectations of $5.88 billion. During the same period last year, the business posted $1.41 earnings per share. The firm's revenue for the quarter was up 23.9% on a year-over-year basis. On average, equities research analysts anticipate that Quanta Services will post 9.34 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of PWR. Principal Financial Group Inc. raised its stake in Quanta Services by 5.6% during the 3rd quarter. Principal Financial Group Inc. now owns 207,720 shares of the construction company's stock worth $61,932,000 after buying an additional 11,012 shares during the period. Versant Capital Management Inc lifted its holdings in shares of Quanta Services by 62.5% in the 4th quarter. Versant Capital Management Inc now owns 117 shares of the construction company's stock worth $37,000 after purchasing an additional 45 shares in the last quarter. Neville Rodie & Shaw Inc. grew its position in Quanta Services by 0.6% in the 4th quarter. Neville Rodie & Shaw Inc. now owns 154,181 shares of the construction company's stock valued at $48,729,000 after purchasing an additional 982 shares during the period. Silverleafe Capital Partners LLC raised its holdings in Quanta Services by 6,000.0% during the fourth quarter. Silverleafe Capital Partners LLC now owns 5,185 shares of the construction company's stock worth $1,639,000 after buying an additional 5,100 shares during the last quarter. Finally, First Hawaiian Bank grew its holdings in shares of Quanta Services by 62.2% during the fourth quarter. First Hawaiian Bank now owns 4,680 shares of the construction company's stock valued at $1,479,000 after buying an additional 1,795 shares during the last quarter. Institutional investors and hedge funds own 90.49% of the company's stock.

About Quanta Services

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.

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