Quanta Services Inc (PWR) is Upgraded by Stifel to Buy, Price Target at $28

Quanta Services Inc (PWR) was Upgraded by Stifel to ” Buy” and the brokerage firm has set the Price Target at $28. Earlier the firm had a rating of “Hold ” on the company shares. Stifel advised their investors in a research report released on Aug 5, 2016.

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 closed down -1.97 points or -7.75% at $23.45 with 58,67,721 shares getting traded on Thursday. Post opening the session at $24.42, the shares hit an intraday low of $23.22 and an intraday high of $24.61 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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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