Quanta Services Inc. (NYSE:PWR) has been assigned a consensus rating of “Buy” from the fourteen analysts that are currently covering the firm. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $27.06.
PWR has been the topic of a number of analyst reports. Stifel Nicolaus raised Quanta Services from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research report on Friday, August 5th. Zacks Investment Research upgraded shares of Quanta Services from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a report on Wednesday, October 5th. Credit Suisse Group AG restated a “buy” rating and issued a $26.00 price objective on shares of Quanta Services in a report on Monday, August 8th. Deutsche Bank AG restated a “buy” rating on shares of Quanta Services in a report on Saturday, August 6th. Finally, Citigroup Inc. decreased their price objective on shares of Quanta Services from $27.00 to $26.00 and set a “neutral” rating for the company in a report on Friday, August 5th.
Quanta Services (NYSE:PWR) opened at 27.61 on Thursday. The stock has a 50 day moving average price of $26.64 and a 200-day moving average price of $24.60. Quanta Services has a 12-month low of $16.77 and a 12-month high of $28.87. The company has a market capitalization of $4.17 billion, a price-to-earnings ratio of 18.66 and a beta of 0.69.
Quanta Services (NYSE:PWR) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by $0.18. Quanta Services had a return on equity of 4.68% and a net margin of 3.38%. The company earned $1.15 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the prior year, the firm earned $0.24 earnings per share. The business’s revenue for the quarter was down 4.4% compared to the same quarter last year. Equities analysts predict that Quanta Services will post $1.55 EPS for the current fiscal year.
In other news, EVP Randall C. Wisenbaker sold 5,121 shares of the company’s stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $26.36, for a total value of $134,989.56. Following the completion of the sale, the executive vice president now directly owns 40,193 shares in the company, valued at approximately $1,059,487.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.70% of the stock is owned by insiders.
Several large investors have recently bought and sold shares of PWR. Northwestern Mutual Wealth Management Co. raised its stake in Quanta Services by 86.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,514 shares of the company’s stock valued at $105,000 after buying an additional 2,092 shares during the period. Assetmark Inc. raised its stake in Quanta Services by 2,638.5% in the second quarter. Assetmark Inc. now owns 4,984 shares of the company’s stock valued at $116,000 after buying an additional 4,802 shares during the period. Euclid Advisors LLC bought a new stake in Quanta Services during the first quarter valued at approximately $138,000. Acrospire Investment Management LLC increased its position in shares of Quanta Services by 79.1% in the second quarter. Acrospire Investment Management LLC now owns 7,700 shares of the company’s stock valued at $178,000 after buying an additional 3,400 shares in the last quarter. Finally, BlueMountain Capital Management LLC purchased a new position in shares of Quanta Services during the first quarter valued at $201,000. Hedge funds and other institutional investors own 87.80% of the company’s stock.