Quanta Services (NYSE:PWR) Coverage Initiated at BNP Paribas Exane

Equities research analysts at BNP Paribas Exane began coverage on shares of Quanta Services (NYSE:PWR) in a research report issued on Tuesday, Marketbeat Ratings reports. The firm set a “neutral” rating on the construction company’s stock.

A number of other analysts have also recently commented on the company. TD Cowen lifted their target price on Quanta Services from $425.00 to $570.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Bank of America lifted their target price on Quanta Services from $500.00 to $610.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. The Goldman Sachs Group lifted their target price on Quanta Services from $495.00 to $685.00 and gave the stock a “buy” rating in a research report on Tuesday, February 24th. DA Davidson lifted their target price on Quanta Services from $450.00 to $575.00 and gave the stock a “neutral” rating in a research report on Friday, February 20th. Finally, Wolfe Research lifted their target price on Quanta Services from $477.00 to $576.00 and gave the stock an “outperform” rating in a research report on Friday, February 20th. Eighteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, Quanta Services presently has an average rating of “Moderate Buy” and an average price target of $595.50.

Quanta Services Stock Down 0.5%

Quanta Services stock opened at $591.47 on Tuesday. Quanta Services has a 1-year low of $251.04 and a 1-year high of $599.00. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.14 and a quick ratio of 1.09. The stock has a market cap of $88.75 billion, a PE ratio of 86.98, a P/E/G ratio of 2.70 and a beta of 1.10. The stock’s fifty day moving average is $554.89 and its two-hundred day moving average is $482.41.

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, 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 for the quarter, compared to analysts’ expectations of $7.38 billion. During the same period last year, the firm earned $2.94 earnings per share. Quanta Services’s quarterly 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, sell-side analysts expect that Quanta Services will post 9.34 EPS for the current fiscal year.

Institutional Investors Weigh In On Quanta Services

Institutional investors have recently added to or reduced their stakes in the business. Arete Wealth Advisors LLC raised its stake in shares of Quanta Services by 2.2% during the 4th quarter. Arete Wealth Advisors LLC now owns 917 shares of the construction company’s stock worth $387,000 after buying an additional 20 shares during the last quarter. Quantum Portfolio Management LLC raised its stake in shares of Quanta Services by 2.2% during the 4th quarter. Quantum Portfolio Management LLC now owns 946 shares of the construction company’s stock worth $399,000 after buying an additional 20 shares during the last quarter. Icon Wealth Advisors LLC raised its stake in shares of Quanta Services by 1.2% during the 4th quarter. Icon Wealth Advisors LLC now owns 1,733 shares of the construction company’s stock worth $731,000 after buying an additional 21 shares during the last quarter. Sunburst Financial Group LLC lifted its stake in Quanta Services by 2.0% in the 4th quarter. Sunburst Financial Group LLC now owns 1,147 shares of the construction company’s stock valued at $484,000 after buying an additional 22 shares in the last quarter. Finally, Spirepoint Private Client LLC lifted its stake in Quanta Services by 2.0% in the 4th quarter. Spirepoint Private Client LLC now owns 1,107 shares of the construction company’s stock valued at $467,000 after buying an additional 22 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.