Evercore ISI Begins Coverage on Quanta Services (NYSE:PWR)

Evercore ISI assumed coverage on shares of Quanta Services (NYSE:PWRGet Free Report) in a report issued on Tuesday, Briefing.com reports. The firm set an “outperform” rating and a $237.00 price target on the construction company’s stock. Evercore ISI’s price objective would indicate a potential upside of 12.00% from the stock’s current price.

Several other equities research analysts also recently commented on PWR. KeyCorp initiated coverage on shares of Quanta Services in a research note on Wednesday, January 10th. They issued a “sector weight” rating on the stock. The Goldman Sachs Group raised Quanta Services from a “neutral” rating to a “buy” rating and cut their price target for the company from $214.00 to $211.00 in a report on Wednesday, November 8th. Stifel Nicolaus lifted their price target on Quanta Services from $212.00 to $237.00 and gave the company a “buy” rating in a report on Tuesday, December 19th. Finally, Citigroup lifted their price target on Quanta Services from $234.00 to $237.00 and gave the company a “buy” rating in a report on Friday, January 26th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $222.27.

Read Our Latest Report on Quanta Services

Quanta Services Stock Up 0.7 %

PWR opened at $211.60 on Tuesday. Quanta Services has a fifty-two week low of $147.33 and a fifty-two week high of $219.17. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.61 and a quick ratio of 1.57. The firm’s fifty day moving average price is $205.02 and its two-hundred day moving average price is $194.23. The company has a market capitalization of $30.74 billion, a P/E ratio of 45.12 and a beta of 1.06.

Institutional Trading of Quanta Services

A number of institutional investors and hedge funds have recently modified their holdings of PWR. Panagora Asset Management Inc. increased its stake in shares of Quanta Services by 79.1% in the 1st quarter. Panagora Asset Management Inc. now owns 11,464 shares of the construction company’s stock valued at $1,509,000 after acquiring an additional 5,063 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Quanta Services by 6.6% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 19,067 shares of the construction company’s stock valued at $2,509,000 after purchasing an additional 1,181 shares during the period. Great West Life Assurance Co. Can grew its position in shares of Quanta Services by 2.6% in the 1st quarter. Great West Life Assurance Co. Can now owns 26,648 shares of the construction company’s stock valued at $3,655,000 after purchasing an additional 668 shares during the period. Raymond James Trust N.A. grew its position in shares of Quanta Services by 8.3% in the 1st quarter. Raymond James Trust N.A. now owns 4,949 shares of the construction company’s stock valued at $652,000 after purchasing an additional 379 shares during the period. Finally, Blair William & Co. IL grew its position in shares of Quanta Services by 21.7% in the 1st quarter. Blair William & Co. IL now owns 16,156 shares of the construction company’s stock valued at $2,126,000 after purchasing an additional 2,884 shares during the period. 87.86% of the stock is owned by institutional investors.

About Quanta Services

(Get Free Report)

Quanta Services, Inc provides infrastructure solutions for the electric and gas utility, renewable energy, communications, and pipeline and energy industries worldwide. 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.

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