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

Quanta Services (NYSE:PWR) had its target price increased by research analysts at TD Cowen from $425.00 to $570.00 in a note issued to investors on Monday, Marketbeat.com reports. The brokerage currently has a “buy” rating on the construction company’s stock. TD Cowen’s price target points to a potential upside of 0.75% from the company’s previous close.

PWR has been the subject of a number of other reports. Roth Mkm reiterated a “buy” rating and issued a $600.00 price objective on shares of Quanta Services in a report on Friday, February 20th. Citigroup boosted their target price on Quanta Services from $540.00 to $640.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Evercore reiterated an “outperform” rating and set a $604.00 price target on shares of Quanta Services in a research report on Friday, February 20th. B. Riley Financial lifted their price target on shares of Quanta Services from $450.00 to $565.00 and gave the stock a “neutral” rating in a research note on Friday, February 20th. Finally, Cantor Fitzgerald upped their price objective on shares of Quanta Services from $520.00 to $630.00 and gave the company an “overweight” rating in a research note on Friday, February 20th. Seventeen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $576.55.

Quanta Services Trading Down 1.2%

Shares of Quanta Services stock opened at $565.78 on Monday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.14 and a quick ratio of 1.09. Quanta Services has a 1 year low of $227.08 and a 1 year high of $573.97. The firm has a market cap of $84.65 billion, a PE ratio of 83.20, a PEG ratio of 2.62 and a beta of 1.10. The company has a 50 day simple moving average of $483.43 and a two-hundred day simple moving average of $443.24.

Quanta Services (NYSE:PWR) last issued its quarterly earnings results on Thursday, February 19th. The construction company reported $3.16 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $7.38 billion. During the same quarter in the prior year, the firm earned $2.94 EPS. The business’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. Analysts expect that Quanta Services will post 9.34 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Quanta Services

Hedge funds have recently modified their holdings of the company. Lansforsakringar Fondforvaltning AB publ boosted its holdings in shares of Quanta Services by 5.4% in the 3rd quarter. Lansforsakringar Fondforvaltning AB publ now owns 46,609 shares of the construction company’s stock worth $19,316,000 after purchasing an additional 2,375 shares during the period. Mediolanum International Funds Ltd raised its holdings in Quanta Services by 15.5% during the 2nd quarter. Mediolanum International Funds Ltd now owns 33,158 shares of the construction company’s stock valued at $12,642,000 after buying an additional 4,451 shares during the period. Calamos Advisors LLC lifted its position in Quanta Services by 17.1% in the third quarter. Calamos Advisors LLC now owns 105,401 shares of the construction company’s stock worth $43,680,000 after buying an additional 15,388 shares during the last quarter. Chilton Capital Management LLC boosted its stake in Quanta Services by 63.3% during the third quarter. Chilton Capital Management LLC now owns 166,536 shares of the construction company’s stock worth $69,016,000 after buying an additional 64,560 shares during the period. Finally, Exchange Traded Concepts LLC increased its position in Quanta Services by 59.9% during the third quarter. Exchange Traded Concepts LLC now owns 44,392 shares of the construction company’s stock valued at $18,397,000 after acquiring an additional 16,637 shares during the last quarter. Hedge funds and other institutional investors 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.