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 Wednesday as it is currently trading at $27.62, above its previous 52-week high of $27.05 with two million shares traded as of 2:46 p.m. ET. Average volume has been two million shares over the past 30 days.

Quanta Services has a market cap of $5.94 billion and is part of the industrial goods sector and materials & construction industry. Shares are up 25% 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 20.9, 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, solid stock price performance and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Quanta Services Ratings Report.

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