Analyst Price Target Update on Quanta Services (NYSE:PWR)

Quanta Services (NYSE:PWR) stock has received a short term price target of $ 27.3 from 10 Analyst. The share price can be expected to fluctuate from the mean short term target, can be seen from the standard deviation reading of $2.26. The higher estimate of target price is $30 , while the lower price target estimate is $23

Many analysts have stated their opinion on the company shares. Equity analysts at the Brokerage firm Deutsche Bank assumes its rating on Quanta Services (NYSE:PWR). The rating major has initiated the coverage with buy rating on the shares. The Analysts at Deutsche Bank announces a current price target of $29 per share. The rating by the firm was issued on April 6, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Quanta Services Inc, Conaway John Michal had sold 9,000 shares worth of $253,080 in a transaction dated May 7, 2015. In this transaction, 9,000 shares were sold at $28.12 per share.

Quanta Services (NYSE:PWR) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.45 points or 1.92% at $23.02 with 1,917,517 shares getting traded. Post opening the session at $23.39, the shares hit an intraday low of $22.99 and an intraday high of $23.55 and the price was in this range throughout the day. The company has a market cap of $3,319 million and the number of outstanding shares have been calculated to be 144,159,840 shares. The 52-week high of Quanta Services (NYSE:PWR) is $30.61 and the 52-week low is $16.77.

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.

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