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Enter Symbol:
Rating: PWR
Outperform $29
down 30.00 %

Quanta Services, Inc. (NYSE: PWR) reiterated to Outperform with price target $29 by FBR Capital

Monday,  Aug 10, 2015  10:25 AM ET by Betsy O'Brien Harrison

FBR Capital reiterated Quanta Services, Inc. (NYSE: PWR) to Outperform with price target $29. Previously FBR Capital reiterated Quanta Services, Inc. (NYSE: PWR) to Outperform with
price target $42 on 02/21/2014, when the stock price was $34.50. Since then, Quanta Services, Inc.'s stock price has lost 30% as of 08/10/2015's recent price of $24.31.
If you would have followed the previous FBR Capital's recommendation on PWR, you would have lost 30% of your investment in 535 days.

Quanta Services, Inc. (Quanta) is a provider of specialty contracting services. The Company operates in two reportable business segments: the infrastructure services and the dark fiber segment. The infrastructure services segment provides specialized contracting services, offering end-to-end network solutions to the electric power, gas, telecommunications and cable television industries. The dark fiber segment designs, procures, constructs and maintains fiber-optic telecommunications infrastructure in select markets, and licenses the right to use point-to-point fiber-optic telecommunications facilities to customers. In July 2008, it acquired a helicopter-assisted transmission line installation, maintenance and repair services company. In November 2008, it acquired two affiliated professional telecommunications engineering companies. In October 2009, the Company acquired Price Gregory Services, Incorporated.

FBR Capital uses a highly disciplined analysis focused on intrinsic value, which we developed to critically examine the capital structure of the companies we cover, as well as their competitive positions and the growth opportunities within their industries. We apply this discipline – which helps us assess how effectively a company’s managers deploy the capital entrusted to them – not only in our published research but also when making investing and underwriting judgments.

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