Quanta Services (NYSE:PWR) had its price target upped by investment analysts at Citigroup from $47.00 to $53.00 in a note issued to investors on Tuesday. The brokerage presently has a “buy” rating on the construction company’s stock. Citigroup’s price target indicates a potential upside of 53.85% from the company’s current price.
Other equities analysts have also recently issued reports about the stock. B. Riley raised 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. Stephens reaffirmed a “buy” rating and issued a $49.00 price objective on shares of Quanta Services in a research note on Wednesday, January 31st. KeyCorp reaffirmed a “buy” rating and issued a $45.00 price objective on shares of Quanta Services in a research note on Friday, November 3rd. ValuEngine cut shares of Quanta Services from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Finally, Seaport Global Securities reaffirmed a “buy” rating and issued a $45.00 price objective (up from $41.00) on shares of Quanta Services in a research note on Wednesday, October 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the stock. Quanta Services presently has a consensus rating of “Buy” and an average target price of $45.58.
Quanta Services (PWR) opened at $34.45 on Tuesday. Quanta Services has a 52 week low of $30.23 and a 52 week high of $40.10. The stock has a market cap of $5,322.40, a P/E ratio of 18.62, a price-to-earnings-growth ratio of 1.77 and a beta of 0.79. The company has a quick ratio of 1.80, a current ratio of 1.85 and a debt-to-equity ratio of 0.20.
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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