Equities researchers at StockNews.com have recently begun coverage on Quanta Services (NYSE:PWR), a leading construction company. They have given the company a “hold” rating, indicating a neutral outlook on the stock.
Other research analysts have also weighed in on Quanta Services. Argus, UBS Group, DA Davidson, Citigroup, and Credit Suisse Group have all released their research reports on the company. These reports include various price targets and ratings, ranging from a “buy” to a “neutral” rating.
The stock opened at $168.23 on Thursday and has a 50-day simple moving average of $198.98. It has a 200-day simple moving average of $185.37. The company has a market capitalization of $24.43 billion and a PE ratio of 42.92. Quanta Services has a 52-week low of $123.25 and a 52-week high of $212.82.
In terms of financial performance, Quanta Services reported earnings of $1.47 per share for the most recent quarter, which fell short of the consensus estimate of $1.53. The company had revenue of $5.05 billion during the quarter.
Insider activity within the company includes an executive vice president selling 5,000 shares of the stock at an average price of $210.92. Hedge funds and other institutional investors have also been buying and selling shares of Quanta Services.
Quanta Services is known for providing infrastructure solutions for the electric and gas utility, renewable energy, communications, and pipeline and energy industries worldwide. Their services include the design, procurement, construction, upgrade, repair, and maintenance of electric power transmission and distribution infrastructure, installation of smart grid technologies, and commercial and industrial wirings.
Sources:
– StockNews.com
– MarketBeat.com
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2023-10-06 13:09:10
#Equities #Analysts #Initiate #Coverage #Quanta #Services
