Roth Mkm Raises Quanta Services (NYSE:PWR) Price Target to $650.00

Quanta Services (NYSE:PWR) had its target price lifted by Roth Mkm from $600.00 to $650.00 in a note issued to investors on Monday,MarketScreener reports. The firm presently has a “buy” rating on the construction company’s stock. Roth Mkm’s target price indicates a potential upside of 17.19% from the stock’s previous close.

Several other analysts have also recently issued reports on the stock. Truist Financial restated a “buy” rating and set a $643.00 target price (up from $548.00) on shares of Quanta Services in a research report on Friday, February 20th. The Goldman Sachs Group upped their target price on shares of Quanta Services from $495.00 to $685.00 and gave the company a “buy” rating in a research report on Tuesday, February 24th. Wolfe Research upped their target price on shares of Quanta Services from $477.00 to $576.00 and gave the company an “outperform” rating in a research report on Friday, February 20th. Sanford C. Bernstein upped their target price on shares of Quanta Services from $515.00 to $538.00 in a research report on Wednesday, April 1st. Finally, JPMorgan Chase & Co. upped their target price on shares of Quanta Services from $515.00 to $627.00 and gave the company an “overweight” rating in a research report on Friday, February 20th. Eighteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $595.50.

Quanta Services Stock Up 0.0%

PWR opened at $554.63 on Monday. The firm has a 50-day simple moving average of $541.76 and a two-hundred day simple moving average of $475.02. Quanta Services has a 52 week low of $240.81 and a 52 week high of $583.73. The company has a market capitalization of $82.98 billion, a PE ratio of 81.56, 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 (NYSE:PWR) last released its quarterly earnings data 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 business had revenue of $7.84 billion during the quarter, compared to the consensus estimate of $7.38 billion. During the same quarter in the prior year, the firm earned $2.94 EPS. The business’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. Analysts forecast that Quanta Services will post 9.34 earnings per share for the current fiscal year.

Institutional Trading of Quanta Services

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cedar Mountain Advisors LLC boosted its stake in shares of 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 in the last quarter. Darwin Wealth Management LLC bought a new position in shares of Quanta Services during the second quarter valued at approximately $26,000. Activest Wealth Management boosted its stake in shares of Quanta Services by 94.1% during the third quarter. Activest Wealth Management now owns 66 shares of the construction company’s stock valued at $27,000 after purchasing an additional 32 shares in the last quarter. Flagship Harbor Advisors LLC bought a new position in shares of Quanta Services during the fourth quarter valued at approximately $28,000. Finally, Cornerstone Planning Group LLC boosted its stake in shares of Quanta Services by 213.0% during the third quarter. Cornerstone Planning Group LLC now owns 72 shares of the construction company’s stock valued at $30,000 after purchasing an additional 49 shares in the last quarter. 90.49% of the stock is owned by hedge funds and other institutional investors.

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.