Quanta Services Stock Hits New 52-Week High (PWR)

NEW YORK ( TheStreet) -- Quanta Services (NYSE: PWR) hit a new 52-week high Wednesday as it is currently trading at $22.74, above its previous 52-week high of $22.55 with 859,256 shares traded as of 10:55 a.m. ET. Average volume has been 1.6 million shares over the past 30 days.

Quanta Services has a market cap of $4.58 billion and is part of the industrial goods sector and materials & construction industry. Shares are up 3.6% year to date as of the close of trading on Tuesday.

Quanta Services, Inc. provides specialty contracting services primarily in North America. The company has a P/E ratio of 35.7, equal to the average materials & construction industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Quanta Services as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, increase in net income, growth in earnings per share and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Quanta Services Ratings Report.

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