Quanta Services, Inc. (NYSE:PWR) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Quanta Services, Inc. (NYSE:PWR) have received a consensus rating of “Moderate Buy” from the twenty-four analysts that are covering the company, Marketbeat reports. Seven investment analysts have rated the stock with a hold recommendation and seventeen have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $576.5455.

A number of brokerages recently commented on PWR. Jefferies Financial Group lifted their price objective on Quanta Services from $506.00 to $634.00 and gave the stock a “buy” rating in a research report on Tuesday, February 24th. JPMorgan Chase & Co. raised their target price on Quanta Services from $515.00 to $627.00 and gave the stock an “overweight” rating in a research note on Friday, February 20th. Evercore reiterated an “outperform” rating and set a $604.00 price target on shares of Quanta Services in a report on Friday, February 20th. Roth Mkm reissued a “buy” rating and set a $600.00 price target on shares of Quanta Services in a research report on Friday, February 20th. Finally, Wolfe Research raised their price objective on shares of Quanta Services from $477.00 to $576.00 and gave the stock an “outperform” rating in a research report on Friday, February 20th.

Quanta Services Stock Down 1.5%

Shares of NYSE PWR opened at $558.55 on Friday. The stock has a market cap of $83.57 billion, a PE ratio of 82.14, a P/E/G ratio of 2.54 and a beta of 1.10. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.58. Quanta Services has a 12-month low of $227.08 and a 12-month high of $576.86. The company has a 50-day moving average of $504.26 and a 200 day moving average of $452.91.

Quanta Services (NYSE:PWR) last released its 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 business 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%. The business’s revenue was up 19.7% on a year-over-year basis. During the same period last year, the company posted $2.94 EPS. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. As a group, sell-side analysts predict that Quanta Services will post 9.34 EPS for the current fiscal year.

Institutional Trading of Quanta Services

Institutional investors have recently made changes to their positions in the company. Cedar Mountain Advisors LLC increased its stake in Quanta Services by 321.4% during the fourth quarter. Cedar Mountain Advisors LLC now owns 59 shares of the construction company’s stock worth $25,000 after acquiring an additional 45 shares during the last quarter. Darwin Wealth Management LLC acquired a new position in shares of Quanta Services in the 2nd quarter valued at $26,000. Activest Wealth Management grew its holdings in shares of Quanta Services by 94.1% during the 3rd quarter. Activest Wealth Management now owns 66 shares of the construction company’s stock worth $27,000 after purchasing an additional 32 shares during the period. Flagship Harbor Advisors LLC acquired a new stake in shares of Quanta Services during the 4th quarter worth about $28,000. Finally, Cornerstone Planning Group LLC raised its holdings in Quanta Services by 213.0% in the 3rd 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 during the period. 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.