Quanta Services (NYSE:PWR) Stock Rating Upgraded by Seaport Res Ptn

Quanta Services (NYSE:PWR - Get Free Report) was upgraded by research analysts at Seaport Res Ptn to a "hold" rating in a research report issued on Thursday,Zacks.com reports.

PWR has been the topic of a number of other reports. BMO Capital Markets set a $352.00 price target on Quanta Services in a report on Friday, May 2nd. Citigroup lowered their price target on Quanta Services from $366.00 to $342.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Stifel Nicolaus boosted their price target on Quanta Services from $306.00 to $363.00 and gave the stock a "buy" rating in a report on Monday, May 5th. UBS Group set a $413.00 price target on Quanta Services and gave the stock a "buy" rating in a report on Thursday, June 12th. Finally, Wall Street Zen raised Quanta Services from a "hold" rating to a "buy" rating in a report on Friday, June 27th. Nine investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $353.35.

Quanta Services Stock Performance

Shares of Quanta Services stock traded up $3.54 during trading hours on Thursday, reaching $383.63. 906,737 shares of the stock traded hands, compared to its average volume of 1,060,505. Quanta Services has a one year low of $227.08 and a one year high of $388.00. The company has a quick ratio of 1.26, a current ratio of 1.31 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $56.88 billion, a price-to-earnings ratio of 61.88, a P/E/G ratio of 2.99 and a beta of 1.08. The company has a 50 day moving average price of $355.23 and a 200 day moving average price of $310.37.

Quanta Services (NYSE:PWR - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The construction company reported $1.78 earnings per share for the quarter, beating analysts' consensus estimates of $1.72 by $0.06. Quanta Services had a return on equity of 18.06% and a net margin of 3.74%. The firm had revenue of $6.23 billion for the quarter, compared to analysts' expectations of $5.88 billion. During the same period in the previous year, the firm earned $1.41 EPS. The business's quarterly revenue was up 23.9% on a year-over-year basis. On average, equities research analysts expect that Quanta Services will post 9.34 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Quanta Services

Several large investors have recently modified their holdings of PWR. Banque Transatlantique SA bought a new position in shares of Quanta Services during the 4th quarter valued at approximately $25,000. Cullen Frost Bankers Inc. bought a new position in shares of Quanta Services during the 1st quarter valued at approximately $25,000. Quarry LP bought a new position in Quanta Services in the 4th quarter valued at $26,000. WPG Advisers LLC bought a new position in Quanta Services in the 1st quarter valued at $31,000. Finally, AlphaQuest LLC bought a new position in Quanta Services in the 1st quarter valued at $35,000. Institutional investors 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.