Notable Runner: Is Quanta Services Inc a Buy? The Stock Rises Again

Notable Runner: Is Quanta Services Inc a Buy? The Stock Rises Again

The stock of Quanta Services Inc (NYSE:PWR) is a huge mover today! About 1.16M shares traded hands. Quanta Services Inc (NYSE:PWR) has risen 33.46% since March 1, 2016 and is uptrending. It has outperformed by 24.22% the S&P500.
The move comes after 6 months positive chart setup for the $4.20 billion company. It was reported on Oct, 4 by Barchart.com. We have $33.50 PT which if reached, will make NYSE:PWR worth $840.00M more.

Analysts await Quanta Services Inc (NYSE:PWR) to report earnings on November, 3. They expect $0.50 EPS, up 85.19% or $0.23 from last year’s $0.27 per share. PWR’s profit will be $75.21M for 13.96 P/E if the $0.50 EPS becomes a reality. After $0.14 actual EPS reported by Quanta Services Inc for the previous quarter, Wall Street now forecasts 257.14% EPS growth.

Quanta Services Inc (NYSE:PWR) Ratings Coverage

Out of 10 analysts covering Quanta Services Inc. (NYSE:PWR), 5 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 50% are positive. Quanta Services Inc. has been the topic of 21 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The stock has “Mkt Perform” rating given by FBR Capital on Monday, October 19. The rating was downgraded by BB&T Capital to “Hold” on Friday, October 2. The firm earned “Buy” rating on Friday, August 5 by Stifel Nicolaus. The rating was downgraded by Johnson Rice to “Accumulate” on Monday, October 19. FBR Capital maintained it with “Outperform” rating and $29 target price in Monday, August 10 report. As per Monday, February 8, the company rating was downgraded by UBS. The rating was maintained by Maxim Group on Friday, May 6 with “Buy”. Citigroup initiated the shares of PWR in a report on Friday, November 13 with “Neutral” rating. On Monday, November 9 the stock rating was maintained by FBR Capital with “Mkt Perform”. The rating was downgraded by Robert W. Baird on Thursday, November 12 to “Neutral”.

According to Zacks Investment Research, “Quanta is a leading provider of specialty electrical contracting and maintenance services primarily related to electric and telecommunications infrastructure in North America. In addition, the Company provides electrical contracting services to the commercial and industrial markets and installs transportation control and lighting systems. Some of Quantas services include the installation, repair and maintenance of electric power transmission and distribution lines and telecommunication and cable television lines, the construction of electric substations, and the erection of cellular telephone.”

Another recent and important Quanta Services Inc (NYSE:PWR) news was published by Finance.Yahoo.com which published an article titled: “Can Quanta Services Trump Headwinds on Pipeline Strength?” on September 06, 2016.

PWR Company Profile

Quanta Services, Inc. (Quanta), incorporated on August 19, 1997, is a well-known provider of specialty contracting services, offering infrastructure solutions primarily to the electric power and gas and oil industries in the United States, Canada and Australia and selected other international markets. The Firm operates through two divisions: Electric Power Infrastructure Services, and Oil and Gas Infrastructure Services. The services it provides include the design, installation, upgrade, repair and maintenance of infrastructure within each of the industries it serves, such as electric power transmission and distribution networks, substation facilities, renewable energy facilities, pipeline transmission and distribution systems and facilities, and infrastructure services for the offshore and inland water energy markets.

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