Quanta Services (NYSE:PWR) Upgraded to Buy at Wall Street Zen

Quanta Services (NYSE:PWR) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday, Wall Street Zen reports.

Several other research analysts have also recently weighed in on the company. Cantor Fitzgerald restated an “overweight” rating and issued a $862.00 price target on shares of Quanta Services in a research note on Monday, October 5th. Sanford C. Bernstein raised Quanta Services from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $748.00 to $775.00 in a research report on Thursday, September 24th. Jefferies Financial Group reaffirmed a “buy” rating and set a $833.00 price target on shares of Quanta Services in a report on Thursday, August 13th. Citigroup increased their price objective on shares of Quanta Services from $871.00 to $882.00 and gave the company a “buy” rating in a research report on Friday. Finally, Piper Sandler cut their target price on shares of Quanta Services from $731.00 to $714.00 and set an “overweight” rating for the company in a research report on Monday, September 28th. Twenty-three analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $766.62.

Quanta Services Stock Down 2.3%

Shares of Quanta Services stock opened at $620.50 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.05 and a current ratio of 1.16. The stock has a market capitalization of $93.29 billion, a PE ratio of 56.20, a price-to-earnings-growth ratio of 1.88 and a beta of 1.27. Quanta Services has a 52-week low of $408.36 and a 52-week high of $788.75. The company has a 50-day simple moving average of $632.80 and a two-hundred day simple moving average of $623.16.

Quanta Services (NYSE:PWR) last posted its quarterly earnings results on Thursday, October 29th. The construction company reported $6.06 EPS for the quarter, beating analysts’ consensus estimates of $5.02 by $1.04. Quanta Services had a net margin of 4.51% and a return on equity of 23.56%. The firm had revenue of $12.01 billion for the quarter, compared to analysts’ expectations of $11.03 billion. During the same quarter in the prior year, the company posted $3.33 earnings per share. The business’s revenue for the quarter was up 57.4% on a year-over-year basis. On average, analysts anticipate that Quanta Services will post 15.36 EPS for the current fiscal year.

Hedge Funds Weigh In On Quanta Services

Institutional investors and hedge funds have recently bought and sold shares of the stock. State Street Corp lifted its position in shares of Quanta Services by 4.7% during the 2nd quarter. State Street Corp now owns 6,581,807 shares of the construction company’s stock valued at $4,739,164,000 after buying an additional 296,893 shares in the last quarter. Bank of America Corp DE increased its holdings in Quanta Services by 5.4% in the 1st quarter. Bank of America Corp DE now owns 3,444,711 shares of the construction company’s stock worth $1,891,215,000 after acquiring an additional 175,184 shares in the last quarter. Royal Bank of Canada raised its stake in Quanta Services by 7.1% during the 1st quarter. Royal Bank of Canada now owns 1,264,827 shares of the construction company’s stock worth $694,415,000 after acquiring an additional 83,363 shares during the period. First Trust Advisors LP lifted its holdings in Quanta Services by 18.3% during the first quarter. First Trust Advisors LP now owns 1,003,917 shares of the construction company’s stock valued at $551,170,000 after purchasing an additional 155,529 shares in the last quarter. Finally, Amundi boosted its position in shares of Quanta Services by 10.3% in the first quarter. Amundi now owns 580,718 shares of the construction company’s stock worth $318,826,000 after purchasing an additional 54,237 shares during the period. 90.49% of the stock is currently owned by hedge funds and other institutional investors.

More Quanta Services News

Here are the key news stories impacting Quanta Services this week:

• Positive Sentiment: Record results beat expectations. Quanta reported third-quarter revenue of $12.01 billion, up 57.4% year over year and above the $11.03 billion consensus estimate. Adjusted diluted EPS was $6.06, exceeding expectations of approximately $5.02-$5.03 and rising from $3.33 a year earlier. Quanta Services Reports Third Quarter 2026 Results
• Positive Sentiment: Demand and visibility remain strong. Electric infrastructure activity helped drive results, while total backlog reached a record $63.7 billion and remaining performance obligations totaled $41.8 billion. Operating cash flow was $1.5 billion and free cash flow was $1.2 billion. PWR Q3 Earnings Beat on Electric Strength
• Positive Sentiment: Management raised its 2026 outlook. The company now expects full-year revenue of $41.3 billion to $41.6 billion and diluted EPS of $12.57 to $12.97, reflecting confidence in continued infrastructure spending and execution.
• Neutral Sentiment: Technical momentum is mixed. Reports noted that PWR broke above its 200-day moving average, a potentially bullish signal, although the share price has since moved back near that level. Technical traders may view the move as either a confirmation of long-term strength or a possible “sell-the-news” setup. Quanta Services Shares Break Above 200-Day Moving Average
• Negative Sentiment: Valuation and insider selling may be limiting upside. PWR trades at roughly 71 times earnings, leaving the stock vulnerable to profit-taking even after the earnings beat. Separately, reported insider activity showed substantial selling and no insider purchases during the past six months, which may add to investor caution.

Quanta Services Company Profile

Quanta Services, Inc is an infrastructure solutions provider headquartered in Houston, Texas. The company designs, installs, repairs, maintains and upgrades essential infrastructure for the electric power, communications, pipeline, industrial and energy industries.

Its services include electric transmission and distribution construction, substation and renewable-energy infrastructure, storm restoration, fiber-optic and wireless communications networks, natural gas and pipeline construction, and related engineering and maintenance work.