Other equities analysts also recently issued research reports about the stock. Stifel Nicolaus reissued a buy rating on shares of Quanta Services in a research note on Thursday, December 14th. KeyCorp reissued a buy rating and issued a $46.00 price objective on shares of Quanta Services in a research note on Wednesday, November 29th. B. Riley increased their price objective on shares of Quanta Services from $45.00 to $48.00 and gave the company a buy rating in a research note on Tuesday, November 7th. Zacks Investment Research raised shares of Quanta Services from a hold rating to a buy rating and set a $39.00 price objective for the company in a research note on Friday, February 9th. Finally, Citigroup increased their price objective on shares of Quanta Services from $47.00 to $53.00 and gave the company a buy rating in a research note on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have assigned a buy rating to the company. Quanta Services has an average rating of Buy and an average price target of $45.15.
Quanta Services (NYSE PWR) opened at $35.67 on Thursday. The company has a market cap of $5,520.00, a P/E ratio of 22.87, a P/E/G ratio of 1.83 and a beta of 0.79. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.92 and a quick ratio of 1.80. Quanta Services has a 52 week low of $30.23 and a 52 week high of $40.10.
Several hedge funds have recently added to or reduced their stakes in the company. Xact Kapitalforvaltning AB bought a new position in shares of Quanta Services during the fourth quarter valued at $488,000. Halsey Associates Inc. CT raised its stake in shares of Quanta Services by 4.7% during the fourth quarter. Halsey Associates Inc. CT now owns 410,816 shares of the construction company’s stock valued at $16,067,000 after acquiring an additional 18,421 shares during the last quarter. Pier Capital LLC raised its stake in shares of Quanta Services by 21.5% during the fourth quarter. Pier Capital LLC now owns 186,637 shares of the construction company’s stock valued at $7,299,000 after acquiring an additional 33,030 shares during the last quarter. Segall Bryant & Hamill LLC bought a new position in shares of Quanta Services during the fourth quarter valued at $14,666,000. Finally, MetLife Investment Advisors LLC bought a new position in shares of Quanta Services during the fourth quarter valued at $1,872,000. 83.60% of the stock is owned by hedge funds and other institutional investors.
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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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