Quanta Services, Inc. (PWR) - Bull of the Day

By Zacks | November 15, 2012 AAA

We have upgraded our recommendation from Neutral to Outperform on Quanta Services, Inc. (PWR). The company's third quarter 2012 results were encouraging, with earnings of 45 cents -- 25% ahead of the Zacks Consensus Estimate and 80% above the prior-year level.



Quanta's strengths include strong execution, increasing demand for its services and customer confidence in the company. Revenues from the electric power segment grew 32%, while the natural gas and pipeline segment continued to improve despite the lack of large-diameter pipeline projects.



Over the last five years, PWR's shares have traded in a range of 18.4x to 46.4x trailing 12-month earnings. Our target price is $32.00 or 20.4x 2013 EPS, which is well within the historical range.



Related Analysis
  1. Markets End Week On Positive Note As Investors Are Encouraged By Central Bank Developments ...
    Stock Analysis

    Markets End Week On Positive Note As Investors Are Encouraged By Central Bank Developments ...

  2. Chinese Bank Drives Friday Markets - Ahead of Wall Street
    Stock Analysis

    Chinese Bank Drives Friday Markets - Ahead of Wall Street

  3. Is Natural Gas About to Tank?
    Chart Advisor

    Is Natural Gas About to Tank?

  4. Hotel Industry Strengthens, Risks Lower: Time to Invest? - Industry Outlook
    Stock Analysis

    Hotel Industry Strengthens, Risks Lower: Time to Invest? - Industry Outlook

  5. Bear of the Day: Movado (MOV) - Bear of the Day
    Stock Analysis

    Bear of the Day: Movado (MOV) - Bear of the Day

Trading Center