Quanta Services (NYSE:PWR) Price Target Raised to $650.00

Quanta Services (NYSE:PWR) had its price target boosted by research analysts at Roth Mkm from $600.00 to $650.00 in a research report issued to clients and investors on Monday,MarketScreener reports. The firm currently has a “buy” rating on the construction company’s stock. Roth Mkm’s price objective suggests a potential upside of 17.28% from the stock’s previous close.

Several other brokerages have also recently weighed in on PWR. DA Davidson boosted their price target on shares of Quanta Services from $450.00 to $575.00 and gave the company a “neutral” rating in a research report on Friday, February 20th. BMO Capital Markets upgraded Quanta Services from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $600.00 to $650.00 in a research report on Friday, March 27th. Weiss Ratings upgraded Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, January 12th. UBS Group boosted their price target on shares of Quanta Services from $518.00 to $646.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Finally, Truist Financial reaffirmed a “buy” rating and set a $643.00 price objective (up from $548.00) on shares of Quanta Services in a research report on Friday, February 20th. Eighteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Quanta Services has an average rating of “Moderate Buy” and a consensus price target of $595.50.

Quanta Services Trading Down 0.0%

Shares of PWR opened at $554.23 on Monday. The firm’s fifty day moving average is $540.25 and its two-hundred day moving average is $473.86. The stock has a market cap of $82.92 billion, a PE ratio of 81.53, a price-to-earnings-growth ratio of 2.55 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 52-week low of $240.81 and a 52-week high of $583.73.

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

Hedge Funds Weigh In On Quanta Services

A number of institutional investors and hedge funds have recently modified their holdings of PWR. Old North State Trust LLC raised its stake in Quanta Services by 11.9% during the 4th quarter. Old North State Trust LLC now owns 2,869 shares of the construction company’s stock worth $1,211,000 after acquiring an additional 305 shares in the last quarter. Rockefeller Capital Management L.P. boosted its stake in Quanta Services by 23.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 97,242 shares of the construction company’s stock valued at $41,042,000 after acquiring an additional 18,780 shares in the last quarter. World Investment Advisors grew its holdings in shares of Quanta Services by 12.7% during the fourth quarter. World Investment Advisors now owns 6,969 shares of the construction company’s stock worth $2,941,000 after purchasing an additional 788 shares during the last quarter. DUTCH ASSET Corp purchased a new stake in shares of Quanta Services in the 4th quarter valued at about $825,000. Finally, Corient Private Wealth LLC boosted its position in shares of Quanta Services by 137.6% in the 4th quarter. Corient Private Wealth LLC now owns 1,151,650 shares of the construction company’s stock valued at $486,065,000 after purchasing an additional 667,050 shares during the period. Institutional investors and hedge funds own 90.49% of the company’s stock.

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.