Cantor Fitzgerald Sticks to Its Buy Rating for Quanta Services (PWR)
In a report released yesterday, Manish Somaiya from Cantor Fitzgerald maintained a Buy rating on Quanta Services, with a price target of $630.00. The company’s shares closed yesterday at $549.02.
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Somaiya covers the Industrials sector, focusing on stocks such as Quanta Services, MasTec, and MYR Group. According to TipRanks, Somaiya has an average return of -5.6% and a 31.03% success rate on recommended stocks.
In addition to Cantor Fitzgerald, Quanta Services also received a Buy from Bank of America Securities’s Sherif El-Sabbahy in a report issued today. However, on March 27, Mizuho Securities maintained a Hold rating on Quanta Services (NYSE: PWR).
Based on Quanta Services’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $7.84 billion and a net profit of $315.5 million. In comparison, last year the company earned a revenue of $6.55 billion and had a net profit of $305.12 million
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