Quanta Services, Inc. (NYSE:PWR) Receives $576.55 Consensus Price Target from Brokerages

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

A number of research analysts recently commented on PWR shares. Weiss Ratings upgraded shares of Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, January 12th. Evercore restated an “outperform” rating and issued a $604.00 target price on shares of Quanta Services in a research report on Friday, February 20th. Mizuho increased their price target on Quanta Services from $424.00 to $537.00 and gave the company a “neutral” rating in a research note on Tuesday, February 24th. Truist Financial reissued a “buy” rating and issued a $643.00 price objective (up from $548.00) on shares of Quanta Services in a research note on Friday, February 20th. Finally, Stifel Nicolaus set a $647.00 price objective on Quanta Services in a report on Monday, February 23rd.

Quanta Services Stock Performance

PWR stock opened at $571.87 on Friday. The company has a 50-day simple moving average of $509.72 and a 200 day simple moving average of $456.10. The company has a market capitalization of $85.56 billion, a P/E ratio of 84.10, a PEG ratio of 2.61 and a beta of 1.10. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.58. Quanta Services has a fifty-two week low of $227.08 and a fifty-two week high of $578.40.

Quanta Services (NYSE:PWR) last released its earnings results on Thursday, February 19th. The construction company reported $3.16 EPS for the quarter, beating the consensus estimate of $3.02 by $0.14. Quanta Services had a net margin of 3.61% and a return on equity of 18.10%. The firm had revenue of $7.84 billion for the quarter, compared to analysts’ expectations of $7.38 billion. During the same quarter last year, the company earned $2.94 EPS. Quanta Services’s quarterly 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. Sell-side analysts predict that Quanta Services will post 9.34 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Quanta Services

Institutional investors and hedge funds have recently bought and sold shares of the business. Cedar Mountain Advisors LLC raised its holdings in shares of Quanta Services by 321.4% in the 4th quarter. Cedar Mountain Advisors LLC now owns 59 shares of the construction company’s stock worth $25,000 after purchasing an additional 45 shares in the last quarter. Darwin Wealth Management LLC bought a new stake in Quanta Services during the second quarter worth approximately $26,000. Activest Wealth Management grew 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 buying an additional 32 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new position in Quanta Services in the fourth quarter worth approximately $28,000. Finally, Cornerstone Planning Group LLC increased its holdings in shares of Quanta Services by 213.0% in the third quarter. Cornerstone Planning Group LLC now owns 72 shares of the construction company’s stock valued at $30,000 after buying an additional 49 shares in the last quarter. 90.49% of the stock is owned by institutional investors and hedge funds.

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.