Quanta Services (NYSE:PWR) Stock Rating Upgraded by BMO Capital Markets

Quanta Services (NYSE:PWR) was upgraded by equities research analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a report released on Friday, MarketBeat.com reports. The firm presently has a $650.00 price objective on the construction company’s stock, up from their prior price objective of $600.00. BMO Capital Markets’ price objective indicates a potential upside of 18.19% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the company. Citigroup lifted their target price on Quanta Services from $540.00 to $640.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Roth Mkm restated a “buy” rating and set a $600.00 price objective on shares of Quanta Services in a report on Friday, February 20th. Robert W. Baird boosted their target price on shares of Quanta Services from $490.00 to $606.00 and gave the company an “outperform” rating in a research note on Friday, February 20th. Mizuho raised their price target on shares of Quanta Services from $424.00 to $537.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 24th. Finally, Cantor Fitzgerald lifted their price target on shares of Quanta Services from $520.00 to $630.00 and gave the stock an “overweight” rating in a report on Friday, February 20th. Eighteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $587.91.

Quanta Services Price Performance

Shares of NYSE PWR opened at $549.99 on Friday. The company has a market capitalization of $82.29 billion, a PE ratio of 80.88, a PEG ratio of 2.50 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. The stock’s 50 day moving average price is $530.07 and its 200-day moving average price is $466.16. Quanta Services has a twelve month low of $227.08 and a twelve month high of $583.73.

Quanta Services (NYSE:PWR) last issued its quarterly earnings results on Thursday, February 19th. The construction company reported $3.16 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 during the quarter, compared to the consensus estimate of $7.38 billion. During the same period last year, the business posted $2.94 earnings per share. Quanta Services’s 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. On average, equities analysts anticipate that Quanta Services will post 9.34 EPS for the current year.

Institutional Investors Weigh In On Quanta Services

Institutional investors have recently made changes to their positions in the stock. Cedar Mountain Advisors LLC lifted its position in Quanta Services by 321.4% during the fourth quarter. Cedar Mountain Advisors LLC now owns 59 shares of the construction company’s stock valued at $25,000 after purchasing an additional 45 shares during the last quarter. Darwin Wealth Management LLC purchased a new stake in shares of Quanta Services during the 2nd quarter valued at $26,000. Activest Wealth Management lifted its stake in Quanta Services by 94.1% during the third 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 last quarter. Flagship Harbor Advisors LLC bought a new stake in Quanta Services in the 4th quarter worth approximately $28,000. Finally, Cornerstone Planning Group LLC boosted its stake in Quanta Services by 213.0% in the third quarter. Cornerstone Planning Group LLC now owns 72 shares of the construction company’s stock worth $30,000 after buying an additional 49 shares in 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.