Quanta Services (NYSE:PWR) Price Target Raised to $570.00 at TD Cowen

Quanta Services (NYSE:PWR) had its price target boosted by analysts at TD Cowen from $425.00 to $570.00 in a research note issued on Monday, Marketbeat.com reports. The firm presently has a “buy” rating on the construction company’s stock. TD Cowen’s price target points to a potential upside of 1.23% from the stock’s previous close.

A number of other equities analysts have also commented on the stock. Wolfe Research raised 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. JPMorgan Chase & Co. boosted their price target on shares of Quanta Services from $515.00 to $627.00 and gave the company an “overweight” rating in a research report on Friday, February 20th. Stifel Nicolaus set a $647.00 price objective on Quanta Services in a research report on Monday, February 23rd. Jefferies Financial Group boosted their target price on Quanta Services from $506.00 to $634.00 and gave the stock a “buy” rating in a research report on Tuesday, February 24th. Finally, Cantor Fitzgerald raised their price target on Quanta Services from $520.00 to $630.00 and gave the company an “overweight” rating in a report on Friday, February 20th. Seventeen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $576.55.

Quanta Services Trading Down 0.4%

NYSE:PWR opened at $563.06 on Monday. Quanta Services has a 1 year low of $227.08 and a 1 year high of $573.94. The stock’s fifty day moving average price is $478.04 and its two-hundred day moving average price is $440.55. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.14 and a quick ratio of 1.09. The company has a market cap of $84.25 billion, a P/E ratio of 82.80, a P/E/G ratio of 2.58 and a beta of 1.10.

Quanta Services (NYSE:PWR) last released its quarterly earnings data 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 company had revenue of $7.84 billion for the quarter, compared to analyst estimates of $7.38 billion. During the same period in the previous year, the company posted $2.94 EPS. The firm’s revenue for the quarter was up 19.7% compared to the same quarter last year. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. As a group, analysts expect that Quanta Services will post 9.34 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Brighton Jones LLC bought a new stake in Quanta Services in the fourth quarter valued at approximately $298,000. Woodline Partners LP increased its stake in shares of Quanta Services by 40.7% in the first quarter. Woodline Partners LP now owns 12,471 shares of the construction company’s stock worth $3,170,000 after buying an additional 3,606 shares during the period. Assetmark Inc. boosted its position in Quanta Services by 29.7% during the 2nd quarter. Assetmark Inc. now owns 5,235 shares of the construction company’s stock valued at $1,979,000 after buying an additional 1,200 shares during the period. TIAA Trust National Association grew its holdings in Quanta Services by 10.7% in the 2nd quarter. TIAA Trust National Association now owns 43,014 shares of the construction company’s stock worth $16,263,000 after acquiring an additional 4,173 shares during the last quarter. Finally, Tredje AP fonden increased its position in shares of Quanta Services by 16.8% in the second quarter. Tredje AP fonden now owns 9,204 shares of the construction company’s stock valued at $3,480,000 after acquiring an additional 1,322 shares during the period. 90.49% of the stock is owned by hedge funds and other institutional investors.

Quanta Services Company Profile

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.