Roth Mkm Begins Coverage on Quanta Services (NYSE:PWR)

Equities research analysts at Roth Mkm began coverage on shares of Quanta Services (NYSE:PWR) in a research report issued to clients and investors on Friday, Marketbeat reports. The brokerage set a “buy” rating and a $350.00 price target on the construction company’s stock. Roth Mkm’s price objective points to a potential upside of 29.75% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. Robert W. Baird raised their price objective on shares of Quanta Services from $320.00 to $333.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Daiwa Capital Markets assumed coverage on Quanta Services in a research note on Friday, December 6th. They set an “outperform” rating and a $355.00 price objective on the stock. Stifel Nicolaus lifted their target price on shares of Quanta Services from $374.00 to $388.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Guggenheim assumed coverage on shares of Quanta Services in a research report on Wednesday, January 8th. They issued a “neutral” rating on the stock. Finally, Bank of America initiated coverage on Quanta Services in a report on Friday, January 24th. They set a “buy” rating and a $407.00 price target on the stock. Four investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Quanta Services currently has a consensus rating of “Moderate Buy” and a consensus price target of $331.53.

Quanta Services Price Performance

Quanta Services stock opened at $269.75 on Friday. The company has a current ratio of 1.30, a quick ratio of 1.19 and a debt-to-equity ratio of 0.56. The business’s 50 day simple moving average is $316.02 and its 200 day simple moving average is $305.58. Quanta Services has a 12 month low of $221.07 and a 12 month high of $365.88. The company has a market cap of $39.82 billion, a price-to-earnings ratio of 44.73, a PEG ratio of 1.41 and a beta of 1.05.

Quanta Services (NYSE:PWR) last released its quarterly earnings data on Thursday, February 20th. The construction company reported $2.74 EPS for the quarter, topping the consensus estimate of $2.62 by $0.12. Quanta Services had a net margin of 3.82% and a return on equity of 18.00%. The company had revenue of $6.55 billion during the quarter, compared to the consensus estimate of $6.61 billion. Sell-side analysts forecast that Quanta Services will post 9.34 EPS for the current year.

Institutional Investors Weigh In On Quanta Services

Institutional investors have recently bought and sold shares of the business. Geneos Wealth Management Inc. boosted its stake in Quanta Services by 0.7% during the fourth quarter. Geneos Wealth Management Inc. now owns 4,167 shares of the construction company’s stock valued at $1,317,000 after buying an additional 29 shares during the last quarter. Commonwealth Financial Services LLC grew its holdings in shares of Quanta Services by 2.6% in the fourth quarter. Commonwealth Financial Services LLC now owns 1,152 shares of the construction company’s stock worth $364,000 after purchasing an additional 29 shares during the last quarter. HB Wealth Management LLC raised its stake in shares of Quanta Services by 0.9% during the fourth quarter. HB Wealth Management LLC now owns 3,323 shares of the construction company’s stock valued at $1,050,000 after acquiring an additional 31 shares in the last quarter. Moody Lynn & Lieberson LLC increased its stake in shares of Quanta Services by 0.5% during the fourth quarter. Moody Lynn & Lieberson LLC now owns 6,141 shares of the construction company’s stock valued at $1,941,000 after buying an additional 32 shares during the period. Finally, Resurgent Financial Advisors LLC boosted its stake in shares of Quanta Services by 0.7% during the third quarter. Resurgent Financial Advisors LLC now owns 4,773 shares of the construction company’s stock valued at $1,423,000 after purchasing an additional 33 shares in the last quarter. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Quanta Services Company Profile

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.