Quanta Services (PWR) has risen sharply, recording gains of 2.01% in the past 4 weeks. However, the stock has corrected -2.93% in the past 1 week, providing a good buying opportunity on dips. Quanta Services (PWR) : During the past 4 weeks, traders have been relatively bearish on Quanta Services (PWR), hence the stock is down -0.46% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -3.34% relative to the S&P 500.
Quanta Services (NYSE:PWR): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $23.60 and $23.60 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $24.92. The buying momentum continued till the end and the stock did not give up its gains. It closed at $24.85, notching a gain of 5.97% for the day. The total traded volume was 3,935,193 . The stock had closed at $23.45 on the previous day.
The stock has recorded a 20-day Moving Average of 1.74% and the 50-Day Moving Average is 2.93%. Quanta Services, Inc. is up 5.16% in the last 3-month period. Year-to-Date the stock performance stands at 22.72%.
Quanta Services (PWR) : The consensus price target for Quanta Services (PWR) is $27.27 for the short term with a standard deviation of $1.79. The most optimist securities analyst among the 11 who monitor the stock believes that the stock can reach $30, however, the pessimist price target for the company is $24.
Quanta Services, Inc. (Quanta) is a provider of specialty contracting services, offering infrastructure solutions primarily to the electric power, and natural gas and oil pipeline industries. The Company operates in two segments, such as electric power infrastructure services, and oil and gas infrastructure services. The Electric Power Infrastructure Services segment provides network solutions to the electric power industry. Its Electric Power Infrastructure Services segment includes various services, such as design, installation and maintenance of electric power transmission and distribution infrastructure and substation facilities, among others. The Oil and Gas Infrastructure Services segment provides network solutions to customers of development and transportation of natural gas and oil. Its Oil and Gas Infrastructure Services segment include the design, installation and maintenance of pipeline transmission, distribution systems and gathering systems, among others.