Wedbush Boosts Price Target on Quanta Services (PWR)

By admin | 6 years ago

Wedbush increased their price target on shares of Quanta Services (NYSE: PWR) from $24.00 to $28.00 in a research note issued on Friday. The firm currently has an “outperform” rating on the stock.

A number of other analysts have also recently weighed in on PWR. Analysts at DA Davidson upgraded shares of Quanta Services from an “underperform” rating to a “neutral” rating in a research note to investors on Friday. They now have a $25.00 price target on the stock, up previously from $20.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Quanta Services in a research note to investors on Monday, April 16th. They now have a $22.00 price target on the stock. Finally, analysts at Stifel Nicolaus cut their price target on shares of Quanta Services to $31.50 in a research note to investors on Thursday, February 23rd.

Quanta Services traded up 1.47% on Friday, hitting $23.50. Quanta Services has a 52-week low of $15.37 and a 52-week high of $22.55. The company has a market cap of $4.970 billion and a price-to-earnings ratio of 25.12.

Quanta Services last posted its quarterly earnings results on Thursday, May 3rd. The company reported $0.22 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.16 by $0.06. The company’s quarterly revenue was up 67.9% on a year-over-year basis. Analysts expect that Quanta Services will post $0.34 EPS next quarter.

Quanta Services, Inc. (Quanta) is a provider of specialty contracting services, offering infrastructure solutions to the electric power, natural gas, oil and telecommunications industries.

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