Quanta Services, Inc. (NYSE:PWR) Receives $576.55 Consensus PT from Analysts

Shares of Quanta Services, Inc. (NYSE:PWR) have been given a consensus recommendation of “Moderate Buy” by the twenty-four analysts that are covering the company, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and seventeen have given a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $576.5455.

Several brokerages have recently issued reports on PWR. Evercore restated an “outperform” rating and issued a $604.00 price objective on shares of Quanta Services in a research note on Friday, February 20th. Argus increased their price target on shares of Quanta Services from $540.00 to $650.00 and gave the company a “buy” rating in a report on Tuesday, February 24th. TD Cowen raised their price target on shares of Quanta Services from $425.00 to $570.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Wolfe Research upped their price objective on shares of Quanta Services from $477.00 to $576.00 and gave the company an “outperform” rating in a research report on Friday, February 20th. Finally, JPMorgan Chase & Co. increased their target price on shares of Quanta Services from $515.00 to $627.00 and gave the company an “overweight” rating in a research note on Friday, February 20th.

Institutional Trading of Quanta Services

A number of hedge funds have recently modified their holdings of the company. Cedar Mountain Advisors LLC increased its position in shares of Quanta Services by 321.4% during the fourth quarter. Cedar Mountain Advisors LLC now owns 59 shares of the construction company’s stock valued at $25,000 after purchasing an additional 45 shares during the period. Activest Wealth Management lifted its position in Quanta Services by 94.1% in the third quarter. Activest Wealth Management now owns 66 shares of the construction company’s stock worth $27,000 after purchasing an additional 32 shares during the period. Flagship Harbor Advisors LLC acquired a new stake in Quanta Services during the fourth quarter worth $28,000. Darwin Wealth Management LLC bought a new stake in Quanta Services in the 2nd quarter valued at $26,000. Finally, MV Capital Management Inc. acquired a new position in shares of Quanta Services in the 4th quarter valued at $30,000. Institutional investors own 90.49% of the company’s stock.

Quanta Services Price Performance

NYSE PWR opened at $577.09 on Friday. The stock has a 50-day simple moving average of $515.67 and a 200 day simple moving average of $457.74. Quanta Services has a twelve month low of $227.08 and a twelve month high of $583.73. The stock has a market capitalization of $86.34 billion, a PE ratio of 84.87, a P/E/G ratio of 2.60 and a beta of 1.10. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.09 and a current ratio of 1.14.

Quanta Services (NYSE:PWR) last released its earnings results on Thursday, February 19th. The construction company reported $3.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.02 by $0.14. Quanta Services had a return on equity of 18.10% and a net margin of 3.61%.The firm had revenue of $7.84 billion for the quarter, compared to analyst estimates of $7.38 billion. During the same quarter last year, the firm posted $2.94 EPS. The company’s revenue was up 19.7% on a year-over-year basis. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. Research analysts anticipate that Quanta Services will post 9.34 EPS for the current year.

About Quanta Services

Quanta Services, Inc is a leading specialty contractor that provides comprehensive infrastructure solutions for the electric power, pipeline and energy, and communications markets. Headquartered in Houston, Texas, the company delivers engineering, procurement, construction, installation, maintenance and repair services that support the development, modernization and ongoing operation of critical energy and communications networks.

In the electric power sector, Quanta works on transmission and distribution systems, substation construction and grid modernization projects that include integration of renewable generation and energy storage.