In the past 30 days, seven analysts have raised their EPS forecasts for our first idea today, a power services company. Our second recommendation is a sale based on sector downturn.
Buy: Quanta Services, Inc. (PWR)
From Cabot Undervalued Stocks Advisor
Quanta Services, Inc. (PWR) provides specialized infrastructure and network services to the electric power, oil and natural gas industries. Quanta will present at the Credit Suisse Industrials Conference on November 28. PWR is an undervalued growth stock. Wall Street expects full-year EPS to grow 40.1% and 16.3% in 2018 and 2019. The 2019 P/E is 10.7. PWR is on an uptrend and will likely trade between 33 and 37.5 in the coming weeks. Buy.
Crista Huff, Cabot Undervalued Stocks Advisor, www.cabotwealth.com, 978-745-5532, November 27, 2018