Quanta Services (PWR) Gets a Buy Rating from Credit Suisse

In a report issued on July 21, Jamie Cook from Credit Suisse maintained a Buy rating on Quanta Services (PWR), with a price target of $46.00. The company’s shares closed last Tuesday at $39.97.

According to TipRanks.com, Cook is a 4-star analyst with an average return of 5.7% and a 57.3% success rate. Cook covers the Services sector, focusing on stocks such as Jacobs Engineering, Rush Enterprises A, and MasTec.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Quanta Services with a $45.00 average price target, a 9.6% upside from current levels. In a report issued on July 17, B.Riley FBR also reiterated a Buy rating on the stock with a $47.00 price target.

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The company has a one-year high of $44.09 and a one-year low of $23.77. Currently, Quanta Services has an average volume of 1.32M.

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Quanta Services, Inc. engages in the provision of specialty contracting services, offering infrastructure solutions to the electric power, oil and gas, and communication industries. It also focuses on the design, installation, upgrade, repair, and maintenance of infrastructure within each of the industries it serves. It operates through the Electric Power Infrastructure Services, and Pipeline and Industrial Infrastructure Services segment. The Electric Power Infrastructure Services segment provides network solutions to customers in the electric power industry. The Pipeline and Industrial Infrastructure Services segment offers infrastructure solutions to customers involved in the development and transportation of natural gas, oil and other pipeline products. The company was founded by Kevin D. Miller, Steven P. Colmar, William G. Parkhouse and John R. Colson on August 19, 1997 and is headquartered in Houston, TX.

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