Quanta Services Inc (PWR) is Reiterated by Stifel to Buy, Raises Price Target to $ 32.50

Quanta Services Inc (PWR) was Reiterated by Stifel to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 32.50 from a previous price target of $28 . Stifel advised their investors in a research report released on Sep 23, 2016.

Many Wall Street Analysts have commented on Quanta Services Inc. Stifel Upgraded Quanta Services Inc on Aug 5, 2016 to ” Buy”, Price Target of the shares are set at $28.

On the company’s financial health, Quanta Services Inc reported $0.18 EPS for the quarter, missing the analyst consensus estimate by $ -0.19 based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus of $0.37. The company had revenue of $1790.00 million for the quarter, compared to analysts expectations of $1859.12 million. The company’s revenue was down -4.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.24 EPS.

Quanta Services Inc opened for trading at $25.9 and hit $26.06 on the upside on Thursday, eventually ending the session at $25.94, with a gain of 0.89% or 0.23 points. The heightened volatility saw the trading volume jump to 16,14,049 shares. Company has a market cap of $3,740 M.

In a different news, on May 8, 2015, John Michal Conaway (director) sold 9,000 shares at $28.12 per share price.

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.

Quanta Services Inc

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