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

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

NEW YORK ( TheStreet) -- Quanta Services (NYSE: PWR) hit a new 52-week high Thursday as it is currently trading at $25.20, above its previous 52-week high of $25.16 with 502,658 shares traded as of 11:35 a.m. ET. Average volume has been 1.6 million shares over the past 30 days.

Quanta Services has a market cap of $5.13 billion and is part of the industrial goods sector and materials & construction industry. Shares are up 13.9% year to date as of the close of trading on Wednesday.

Quanta Services, Inc. provides specialty contracting services primarily in North America. The company has a P/E ratio of 22.9, above the average materials & construction industry P/E ratio of 22.5 and above the S&P 500 P/E ratio of 17.7.

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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, compelling growth in net income, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Quanta Services Ratings Report.

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